Search: marginalcosts
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Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
19 Mar 2010
RDP
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461KB
of sectoral real marginalcosts, reflecting the weighting used in the construction of the aggregate priceindex. ... Therefore, we need instruments that are uncorrelated withthe weighted sectoral marginal costs but are correlated with aggregate
https://www.rba.gov.au/publications/rdp/2010/pdf/rdp2010-01.pdf
Demand Shocks, Inflation and the Business Cycle
30 Nov 2009
RDP
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72KB
An increase in the level of output may increase costs in one of two ways - marginalcosts may increase because of decreasing returns (at least in the short run), or factorprices may ... These pressures appear to be stronger ingoods markets than in markets
https://www.rba.gov.au/publications/rdp/1994/pdf/rdp9411.pdf
A Medium-scale Open Economy Model of Australia
18 May 2009
RDP
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877KB
The marginalcost of exporters depends on the price of domestic goods they sell to the worldmarket and the exchange rate. ... The role of taxes in the economy is thus confined to influencing marginalcosts of production and marginal returns on assets.
https://www.rba.gov.au/publications/rdp/2008/pdf/rdp2008-07.pdf
Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market
2 Dec 2009
RDP
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222KB
The real marginalcost then equals the market-clearing real wage divided by productivity.
https://www.rba.gov.au/publications/rdp/2006/pdf/rdp2006-05.pdf
Issues in Estimating New-Keynesian Phillips Curves in the Presence of Unknown Structural Change
2 Feb 2015
RDP
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586KB
Thespecification in the equation above is not particularly appealing as the marginalcost variable has a negative coefficient, although it is clearly ill determined.
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-11.pdf
The Butterfly Effect of Small Open Economies
27 Jun 2007
RDP
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246KB
For this special case, the small economy’s real marginalcost is completely insulated from movements in foreign output.
https://www.rba.gov.au/publications/rdp/2007/pdf/rdp2007-06.pdf
Dynamic Pricing and Imperfect Common Knowledge
19 Dec 2007
RDP
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286KB
The variance of the idiosyncraticcomponent of marginal cost determines how accurate a firm’s own marginalcost is as an indicator of the average economy-wide marginal cost. ... 24. was then estimated by GMM using all available lagged variables, that is,
https://www.rba.gov.au/publications/rdp/2007/pdf/rdp2007-12.pdf
An Estimated Small Open Economy Model with Labour Market Frictions
13 Dec 2012
Research Workshop
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787KB
Reserve Bank of Australia Workshop 2012
https://www.rba.gov.au/publications/workshops/research/2012/pdf/jeff-sheen.pdf
Learning in an Estimated Small Open Economy Model
30 Mar 2010
RDP
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279KB
ωθ j ω(1θ j(1β )). where: j refers to domestic (d) or imported (m) good sectors; mc jt is the marginalcost of production; and π jt is inflation.
https://www.rba.gov.au/publications/rdp/2010/pdf/rdp2010-02.pdf
Understanding the Flattening Phillips Curve
30 Sep 2008
RDP
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317KB
Essentially, real marginalcosts are a weighted average of marginal costs in each sector, with the weightsdetermined by their importance in the consumption bundle.27 Substituting in ourexpressions for marginal costs (and ... 22. estimates of the
https://www.rba.gov.au/publications/rdp/2008/pdf/rdp2008-05.pdf