Search: aggregate supply

Sort by: Relevance Date
1–6 of 6 collapsed search results for aggregate supply
Did you mean aggregatesupply?

RBA Glossary definition for aggregate supply

aggregate supply – Gross domestic product as measured by the value of goods and services produced.

Search Results

New Classical Models and Unobserved Aggregates

1 Feb 1986 RDP 8601
Robert G. Trevor
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1986/8601.html

The Model

1 Feb 1986 RDP 8601
Robert G. Trevor
where. is the log of the (proportionate) deviation of current aggregate supply from its natural rate, P. ... On the nominal side of the model I distinguish between two aggregate money supply indexes.
https://www.rba.gov.au/publications/rdp/1986/8601/model.html

Introduction

1 Feb 1986 RDP 8601
Robert G. Trevor
This result is due entirely to the assumption that the true aggregate is not observed. ... For recent developments in this debate over the relationship between the various observed aggregates and the economic concept of “the money supply”, see the
https://www.rba.gov.au/publications/rdp/1986/8601/introduction.html

Comparison with Other Models

1 Feb 1986 RDP 8601
Robert G. Trevor
RDP 8601: New Classical Models and Unobserved Aggregates 6. Comparison with Other Models. ... Given the Lucas supply specification (of equation (1)), output must also be serially independent in the usual sense.
https://www.rba.gov.au/publications/rdp/1986/8601/comparison-with-other-models.html

An Application of the Kalman Filter

1 Feb 1986 RDP 8601
Robert G. Trevor
RDP 8601: New Classical Models and Unobserved Aggregates 3. An Application of the Kalman Filter. ... Thus the agents' measure of the true money supply uses all available information, not just the measured aggregate, because they know that the
https://www.rba.gov.au/publications/rdp/1986/8601/application-of-the-kalman-filter.html

Tests of the New Classical Hypotheses

1 Feb 1986 RDP 8601
Robert G. Trevor
RDP 8601: New Classical Models and Unobserved Aggregates 5. Tests of the New Classical Hypotheses. ... aggregate could lead to a failure to reject the (false) null hypothesis of zero correlation.
https://www.rba.gov.au/publications/rdp/1986/8601/tests-of-the-new-classical-hypotheses.html