Search: aggregate demand

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RBA Glossary definition for aggregate demand

aggregate demand – Gross domestic product as measured by the sum of final expenditure on goods and services produced.

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The Demand for Money in Australia: New Tests on an Old Topic

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1993/9314.html

The State of Play

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
RDP 9314: The Demand for Money in Australia: New Tests on an old Topic 2. ... A study of a range of aggregates is therefore appropriate. The paper also conducts tests for various measures of the money base.
https://www.rba.gov.au/publications/rdp/1993/9314/state-of-play.html

Cointegration

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
RDP 9314: The Demand for Money in Australia: New Tests on an old Topic 4. ... Table 3: Summary of Cointegration Results. Regressors Money Aggregates. GDP. GDP O/R.
https://www.rba.gov.au/publications/rdp/1993/9314/cointegration.html

Introduction

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
RDP 9314: The Demand for Money in Australia: New Tests on an old Topic 1. ... Download the Paper 135. KB. One of the most enduring analytical devices in macroeconomics has been the aggregate money demand function.
https://www.rba.gov.au/publications/rdp/1993/9314/introduction.html

Conclusion

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
RDP 9314: The Demand for Money in Australia: New Tests on an old Topic 5. ... A finding of cointegration between money and income would not, in itself, necessarily establish a paramount role for monetary aggregates in policy-making.
https://www.rba.gov.au/publications/rdp/1993/9314/conclusion.html

The Data and Their Order of Integration

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
RDP 9314: The Demand for Money in Australia: New Tests on an old Topic 3. ... The other aggregates remain I(1), though most of the selected trend breaks appear to be significant.
https://www.rba.gov.au/publications/rdp/1993/9314/data-order-integration.html

Appendix 1: Data

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
RDP 9314: The Demand for Money in Australia: New Tests on an old Topic Appendix 1: Data. ... Definition: The sum of the interest rates paid on the interest-bearing deposit components of M3 weighted by the share of those components in the M3 aggregate.
https://www.rba.gov.au/publications/rdp/1993/9314/appendix-1.html

References

1 Dec 1993 RDP 9314
Gordon de Brouwer, Irene Ng and Robert Subbaraman
RDP 9314: The Demand for Money in Australia: New Tests on an old Topic References. ... Starr (1992), ‘The Demand for M1 in the USA 1960–1988’,. Review of Economic Studies. ,
https://www.rba.gov.au/publications/rdp/1993/9314/references.html