RDP 2013-07: An Empirical BVAR-DSGE Model of the Australian Economy Appendix C: Data Definitions

C.1 Foreign

• Output – merchandise export-weighted real gross domestic product, source: RBA; prior to 1991 back-cast with G7 output, source: RBA
• Inflation – trade-weighted, calculated from real and nominal trade-weighted exchange rate, source: RBA Statistical Table F15 Real Exchange Rate Measures
• Interest rates – G7-GDP PPP-weighted interest rates, source: RBA

C.2 Australia

• Exports – real exports, chain volume, seasonally adjusted, source: Australian Bureau of Statistics (ABS), Australian National Accounts: National Income, Expenditure and Product (ABS Cat No 5206.0).
• Investment – real business investment, chain volume, seasonally adjusted, source: ABS Cat No 5206.0
• Output – real non-farm gross domestic product, chain volume, seasonally adjusted, source: ABS Cat No 5206.0
• Inflation – trimmed mean inflation, excluding interest payments and tax changes, seasonally adjusted, source: RBA
• Interest rates – cash rate, average quarter, source: RBA Statistical Table F1 Interest Rates and Yields – Money Market
• Real exchange rate – real trade-weighted exchange rate, source: RBA Statistical Table F15 Real Exchange Rate Measures
• Terms of trade – source: ABS Cat No 5206.0