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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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Firms' Price-setting Behaviour: Insights from Earnings Calls

11 Sep 2023 RDP 2023-06
Callan Windsor and Max Zang
A comparison of the aggregate forward-looking indices is shown in Figure C1. ... 1.6. 6. 17. Supply shortages. 07–20. 0.9. 1.7. 1.2. na. 20.
https://www.rba.gov.au/publications/rdp/2023/2023-06/full.html

Appendix D: Correlations between Sentiment Indices

11 Sep 2023 RDP 2023-06
Callan Windsor and Max Zang
Supply shortages. Transport costs. Price. 1.00. Demand. 0.15. 1.00. Aggregate input costs. ... Supply shortages. Transport costs. Price. 1.00. Demand. 0.23. 1.00. Aggregate input costs.
https://www.rba.gov.au/publications/rdp/2023/2023-06/appendix-d.html

Index Construction

11 Sep 2023 RDP 2023-06
Callan Windsor and Max Zang
Our chosen topics of interest cover: hiring difficulties; supply shortages; labour costs increasing; labour costs decreasing; transportation costs increasing; transportation costs decreasing; import costs increasing; import costs decreasing; general
https://www.rba.gov.au/publications/rdp/2023/2023-06/index-construction.html

Firms' Price-setting Behaviour

11 Sep 2023 RDP 2023-06
Callan Windsor and Max Zang
Δ. v. e. 0.081. (0.015). 0.107. (0.051). Aggregate. inputs. costs. Δ. ... v. e. 0.152. 0.076. Aggregate. inputs. costs. Δ. v. e. 0.193.
https://www.rba.gov.au/publications/rdp/2023/2023-06/firms-price-setting-behaviour.html

Index Validation

11 Sep 2023 RDP 2023-06
Callan Windsor and Max Zang
Before testing the hypotheses above, we first describe the usefulness of our aggregate indices as a narrative tool for explaining aggregate fluctuations in economic conditions. ... Figure 5 shows that the aggregate indices from both methodologies can
https://www.rba.gov.au/publications/rdp/2023/2023-06/index-validation.html

Non-technical summary for ‘Firms' Price-setting Behaviour: Insights from Earnings Calls’

11 Sep 2023 RDP 2023-06
Callan Windsor and Max Zang
The model is used to group paragraphs within the transcripts into pre-selected categories related to input costs (including labour costs), demand, prices and supply shortages, and the tone of these ... Finally, we document sizable heterogeneity in
https://www.rba.gov.au/publications/rdp/2023/2023-06/non-technical-summary.html