Three data sets from two different quarterly surveys have been used in estimating six standard models of price change behaviour. Results for Total Manufacturing Industry, for all three data sets, show prices respond to both actual cost movements and commodity market excess demand conditions. For...

This article examines effects on major Australian macroeconomic and structural variables of simultaneous shocks to world oil and black coal prices. The illustrative numerical results have been produced with the short-run fuel substitution tax model, ORANI-LFT. The current version of that model...

Data from the quarterly "Survey of Industrial Trends in Australia' have been used to evaluate whether various excess demand and expectations influences have significantly affected reported price changes in Australian manufacturing industry. For the manufacturing sector, as a whole, both expected...

This paper provides an introductory comparison of the major sectoral results from the G-cubed, MM-sectoral, Monash, and Salter models, following an imposed increase in labour productivity. The increase is equivalent to 5% for the economy as a whole, and is phased in over a five year period. For...

New Zealand's operationally independent Reserve Bank should remain focused on achieving its primary objective of stability in the general level of prices. This should be under widely accepted flexible inflation targeting conditions and without distraction from at best temporarily effective...