RDP 2011-05: Terms of Trade Shocks: What are They and What Do They Do? Appendix A: Data Description and Sources

Export prices (p^x): seasonally adjusted implicit price deflator for expenditure on exports of goods and services (ABS Cat No 5206.0) multiplied by the quarterly average of the nominal trade-weighted index (RBA Statistical Table F11)

Import prices (p^m): seasonally adjusted implicit price deflator for expenditure on imports of goods and services (ABS Cat No 5206.0) multiplied by the quarterly average of the nominal trade-weighted index (RBA Statistical Table F11)

World output (y^w): seasonally adjusted export-weighted real GDP of Australia's major trading partners (RBA)

Domestic output (y^d): seasonally adjusted chain volume measure of non-farm gross domestic product (ABS Cat No 5206.0)

Trimmed-mean CPI (p^d): seasonally adjusted trimmed-mean consumer price index, 1989/90 = 100, excluding interest charges and adjusted for the tax changes of 1999–2000 (RBA)

Short-term nominal interest rate (r^d): quarterly average of the 90-day bank bill rate (RBA Statistical Table F1)

Real exchange rate (q): real trade-weighted index (RBA Statistical Table F15)

Non-tradables CPI (p^nt): seasonally adjusted non-tradables component of the consumer price index, excluding interest charges and adjusted for the tax changes of 1999–2000 (RBA)

Tradables CPI (p^t): seasonally adjusted tradables component of the consumer price index, excluding interest charges and adjusted for the tax changes of 1999–2000 (RBA)