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RBA Glossary definition for aggregate supply
aggregate supply – Gross domestic product as measured by the value of goods and services produced.
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MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
1 Aug 2019
RDP
2019-07
Because aggregate supply ultimately determines the growth rates of income and expenditure, the supply-side trends enter many of the equations in MARTIN. ... In contrast, we model imports at the aggregate level. The non-resource exports equations share a
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
Core Equations
23 Aug 2019
RDP
2019-07
Because aggregate supply ultimately determines the growth rates of income and expenditure, the supply-side trends enter many of the equations in MARTIN. ... In contrast, we model imports at the aggregate level. The non-resource exports equations share a
https://www.rba.gov.au/publications/rdp/2019/2019-07/core-equations.html
A Stylised Description of the Model
23 Aug 2019
RDP
2019-07
Section 5.1 shows the effects of a change in interest rates on economic activity and quantifies the contribution of individual channels to the aggregate response. ... Footnotes. This simplifying assumption is arguably less plausible for the pricing of
https://www.rba.gov.au/publications/rdp/2019/2019-07/a-stylised-description-of-the-model.html
What is MARTIN and What is it Used for?
23 Aug 2019
RDP
2019-07
Examining variables in a system allows us to isolate the roles that individual channels play in determining aggregate economic outcomes, and aids our understanding of how monetary policy works. ... The resulting increase in household incomes is likely to
https://www.rba.gov.au/publications/rdp/2019/2019-07/what-is-martin-and-what-is-it-used-for.html