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RBA Glossary definition for tradables

tradables – Tradable items are things whose prices are largely determined on the world market like oil, motor vehicles and clothing. As such, the prices of tradable items are heavily influenced by exchange rate movements. By comparison, non-tradables refers to things that are not readily exported or imported, like medical services, housing and haircuts. As such, their prices are largely determined domestically.

RBA Glossary definition for non-tradables

non-tradables – Non-tradables refers to things that are not readily exported or imported, like medical services, housing and haircuts. As such, their prices are largely determined domestically. By comparison, tradable items are things whose prices are largely determined on the world market like oil, motor vehicles and clothing. As such, the prices of tradable items are heavily influenced by exchange rate movements, whereas the prices of non-tradables largely reflect domestic factors.

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Method and Data

31 Dec 2007 RDP 2007-10
Luke Willard
There is some evidence that non-tradables can explain the consumption correlation puzzle (Lewis 1996). ... non-tradables.
https://www.rba.gov.au/publications/rdp/2007/2007-10/method-data.html
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Incorporating judgement with DSGE models

13 Dec 2007 Research Workshop PDF 198KB
Reserve Bank of Australia Workshop 2007: Monetary Policy in Open Economies
https://www.rba.gov.au/publications/workshops/research/2007/binning.pdf

Trade Costs and Some Puzzles in International Macroeconomics

10 Oct 2007 RDP PDF 300KB
There is some evidence that non-tradables can explain the consumption correlation puzzle (Lewis 1996). ... This might be because non-tradables lead to a correlation between domestic consumption and output.
https://www.rba.gov.au/publications/rdp/2007/pdf/rdp2007-10.pdf

Inflation Measurement for Central Bankers

27 Nov 2006 Conferences PDF 221KB
RBA Conference Volume 2004
https://www.rba.gov.au/publications/confs/2004/pdf/hill.pdf

The Openness Equation

31 Dec 2004 RDP 2004-11
Simon Guttmann and Anthony Richards
While it is conceivable that the price of tradables across countries will approximately follow the law of one price, there is ample evidence that this does not hold for the price ... of non-tradables.
https://www.rba.gov.au/publications/rdp/2004/2004-11/openness-equation.html

Inflation Measurement for Central Bankers | Conference – 2004

9 Aug 2004 Conferences
Robert J Hill
However, for quarterly non-seasonally adjusted data the case for chronological chaining is less clear cut. ... That is, poorer, more labour-intensive countries (for example, Greece, Portugal and Spain) generally have lower price levels since non-tradables
https://www.rba.gov.au/publications/confs/2004/hill.html

The Balance of Payments | Conference – 1990

21 Jun 1990 Conferences
Warren Tease
Also, the rise in export prices shifts demand towards non-tradables putting upward pressure on domestic prices and the real exchange rate. ... A feature of this market is that non-residents have been the predominant issuer since 1985.
https://www.rba.gov.au/publications/confs/1990/tease.html

Analytical Framework

1 Jun 1990 RDP 9003
Warren Tease
Also, the rise in export prices shifts demand towards non tradables putting upward pressure on domestic prices and the real exchange rate. ... real appreciation and resources will be shifted from the production of import-competing goods towards
https://www.rba.gov.au/publications/rdp/1990/9003/analytical-framework.html
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