RDP 2008-01: A Sectoral Model of the Australian Economy Appendix A: Data Descriptions and Sources

US real gross domestic product: The natural logarithm of seasonally adjusted (sa) quarterly real US GDP (Datastream code: USGDP…D).

Real commodity prices: The Economist index of commodity prices in US dollars (Datastream code: ECALLI$).

Australian real gross domestic product: All production and expenditure components of GDP are expressed in natural logarithms and are sa (ABS Cat No 5206.0).

Australian inflation: Quarterly inflation of the trimmed mean consumer price index excluding taxes and interest (Reserve Bank of Australia (RBA)).

Overnight cash rate: Overnight cash rate, averaged over the quarter. Nominal official cash rate until June 1998, and then the interbank overnight rate (RBA).

Real trade-weighted index: The natural logarithm of the real trade-weighted exchange rate index (RBA).

Australian major trading partner gross domestic product: The natural logarithm of quarterly sa Australian major trading partner real GDP (RBA).

Real break-adjusted credit: The natural logarithm of sa break-adjusted Australian credit (RBA Bulletin Table D.2) deflated by the trimmed mean consumer price index excluding taxes and interest (RBA).

US federal funds rate: The US federal funds target rate, averaged over the quarter (Datastream code: USFDTRG).

US inflation: Quarterly inflation of the chain price index for personal consumption (Datastream code: USCE…E).

Household non-financial assets: The natural logarithm of household non-financial assets (RBA) deflated by the trimmed mean consumer price inflation index (RBA).