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RBA Glossary definition for SOEs

SOEs – state owned enterprises

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Modelling the Australian Dollar

31 Dec 2015 RDP 2015-12
Jonathan Hambur, Lynne Cockerell, Christopher Potter, Penelope Smith and Michelle Wright
economists. Its aim is to present preliminary results of research so as to encourage discussion and comment.
https://www.rba.gov.au/publications/rdp/2015/2015-12/

Literature Review

31 Dec 2015 RDP 2015-12
Jonathan Hambur, Lynne Cockerell, Christopher Potter, Penelope Smith and Michelle Wright
As the law of one price should hold for all tradeable goods and services, currency-adjusted price levels in all countries should be the same, and so ‘equilibrium’ real exchange rates ... Examples include: monetary models, which focus on monetary
https://www.rba.gov.au/publications/rdp/2015/2015-12/literature-review.html

Introduction

31 Dec 2015 RDP 2015-12
Jonathan Hambur, Lynne Cockerell, Christopher Potter, Penelope Smith and Michelle Wright
also have a theoretical justification for doing so). ... the level of the exchange rate, and so complements, but is not a substitute for, a broader analysis of economic indicators and other models that have been developed by RBA staff.
https://www.rba.gov.au/publications/rdp/2015/2015-12/introduction.html

Appendix A: Out-of-sample Forecasting

31 Dec 2015 RDP 2015-12
Jonathan Hambur, Lynne Cockerell, Christopher Potter, Penelope Smith and Michelle Wright
A DM statistic greater than zero (less than zero) indicates that the structural model has a lower (higher) MSFE and so produces superior (inferior) forecasts, compared to the random walk model.
https://www.rba.gov.au/publications/rdp/2015/2015-12/appendix-a.html

The Baseline ECM

31 Dec 2015 RDP 2015-12
Jonathan Hambur, Lynne Cockerell, Christopher Potter, Penelope Smith and Michelle Wright
Chen and Rogoff 2003). Stone et al (2005) note that these issues are more likely to be evident in services trade and so use the goods ToT, in place of the ... This is despite the fact that both the real exchange rate and the ToT represent the relative
https://www.rba.gov.au/publications/rdp/2015/2015-12/the-baseline-ecm.html

A Markov-switching Model

31 Dec 2015 RDP 2015-12
Jonathan Hambur, Lynne Cockerell, Christopher Potter, Penelope Smith and Michelle Wright
However, the model's short-run coefficients are estimated over the full sample, so this approach does not suffer from the same loss of information.
https://www.rba.gov.au/publications/rdp/2015/2015-12/a-markov-switching-model.html

References

31 Dec 2015 RDP 2015-12
Jonathan Hambur, Lynne Cockerell, Christopher Potter, Penelope Smith and Michelle Wright
The Quarterly Journal of Economics. , 130(3), pp 1369–1420. Gruen D and T Kortian (1996), ‘Why Does the Australian Dollar Move so Closely with the Terms of Trade?’, RBA Research
https://www.rba.gov.au/publications/rdp/2015/2015-12/references.html

Incorporating Australia's Resources Boom

31 Dec 2015 RDP 2015-12
Jonathan Hambur, Lynne Cockerell, Christopher Potter, Penelope Smith and Michelle Wright
other export prices?; and, if so. ... As discussed above, the structure of the bulks industry means that a sizeable portion of the income associated with an increase in bulk commodity export prices will flow overseas and so
https://www.rba.gov.au/publications/rdp/2015/2015-12/incorporating-australia-resources-boom.html