The Research Discussion Paper (RDP) series is intended to make the results
of current economic research within the Reserve Bank of Australia available
for discussion and comment. The views expressed in these papers are those
of the authors and not necessarily those of the Reserve Bank. The abstracts
of most RDPs are available online; the full-text of RDPs published since
1991 are available in PDF format.
|
|
2008 |
| RDP2008-05 |
Understanding the Flattening Phillips Curve
Ken Kuttner and Tim Robinson |
| RDP2008-04 |
A Small BVAR-DSGE Model for Forecasting the Australian Economy
Andrew Hodge, Tim Robinson and Robyn Stuart |
| RDP2008-03 |
Monetary Transmission and the Yield Curve in a Small Open Economy
Mariano Kulish and Daniel Rees |
| RDP2008-02 |
Combining Multivariate Density Forecasts Using Predictive Criteria
Hugo Gerard and Kristoffer Nimark |
| RDP2008-01 |
A Sectoral Model of the Australian Economy
Jeremy Lawson and Daniel Rees |
..................................................................................................................................  |
|
2007 |
| RDP2007-12 |
Dynamic Pricing and Imperfect Common Knowledge
Kristoffer Nimark |
| RDP2007-11 |
Global Imbalances and the Global Saving Glut – A Panel Data Assessment
Anthony Legg, Nalini Prasad and Tim Robinson |
| RDP2007-10 |
Trade Costs and Some Puzzles in International Macroeconomics
Luke Willard |
| RDP2007-09 |
Private Business Investment in Australia
Lynne Cockerell and Steven Pennings |
| RDP2007-08 |
The Effect of the Australian Superannuation Guarantee on Household Saving Behaviour
Ellis Connolly |
| RDP2007-07 |
More Potent Monetary Policy? Insights from a Threshold Model
Jarkko Jääskelä |
| RDP2007-06 |
The Butterfly Effect of Small Open Economies
Jarkko Jääskelä and Mariano Kulish |
| RDP2007-05 |
Labour Force Participation and Household Debt
Rochelle Belkar, Lynne Cockerell and Rebecca Edwards |
| RDP2007-04 |
Productivity Growth: The Effect of Market Regulations
Christopher Kent and John Simon |
| RDP2007-03 |
Forecasting with Factors: The Accuracy of Timeliness
Christian Gillitzer and Jonathan Kearns |
| RDP2007-02 |
Current Account Deficits: The Australian Debate
Rochelle Belkar,
Lynne Cockerell and Christopher Kent |
| RDP2007-01 |
A Structural Model of Australia as a Small Open Economy
Kristoffer Nimark |
.................................................................................................................................. |
|
2006 |
| RDP2006-12 |
Housing and Housing Finance: The View from Australia and Beyond
Luci Ellis |
| RDP2006-11 |
Component-smoothed Inflation: Estimating the Persistent Component of Inflation in Real Time
Christian Gillitzer and John Simon |
| RDP2006-10 |
The Performance of Trimmed Mean Measures of Underlying Inflation
Andrea Brischetto and Anthony Richards |
| RDP2006-09 |
Limiting Foreign Exchange Exposure through Hedging: The Australian Experience
Chris Becker and Daniel Fabbro |
| RDP2006-08 |
A Survey of Housing Equity Withdrawal and Injection in Australia
Carl Schwartz, Tim Hampton, Christine Lewis and David Norman |
| RDP2006-07 |
Household Saving and Asset Valuations in Selected Industrialised Countries
Paul Hiebert |
| RDP2006-06 |
Ageing, Retirement and Savings: A General Equilibrium Analysis
Mariano Kulish, Kathryn Smith and Christopher Kent |
| RDP2006-05 |
Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market
Kristoffer Nimark |
| RDP2006-04 |
Measuring Housing Price Growth – Using Stratification to Improve Median-based Measures
Nalini Prasad and Anthony Richards |
| RDP2006-03 |
Australian House Prices: A Comparison of Hedonic and Repeat-sales Measures
James Hansen |
| RDP2006-02 |
Term Structure Rules for Monetary Policy
Mariano Kulish |
| RDP2006-01 |
Modelling Manufactured Exports: Evidence from Australian States
David Norman |
.................................................................................................................................. |
|
2005 |
| RDP2005-12 |
Financial Constraints, the User Cost of Capital and Corporate Investment in Australia
Gianni La Cava |
| RDP2005-11 |
A Small Model of the Australian Macroeconomy: An Update
Andrew Stone, Troy Wheatley and Louise Wilkinson |
| RDP2005-10 |
Housing and the Household Wealth Portfolio: The Role of Location
Marion Kohler and Kylie Smith |
| RDP2005-09 |
The US Current
Account Deficit: A Re-examination of the Role of Private Saving
Charles Engel |
| RDP2005-08 |
Declining
Output Volatility: What Role for Structural Change?
Christopher Kent, Kylie Smith and James Holloway |
| RDP2005-07 |
The Australian
Business Cycle: A Coincident Indicator Approach
Christian Gillitzer, Jonathan Kearns and Anthony Richards |
| RDP2005-06 |
Credit and
Monetary Policy: An Australian SVAR
Leon Berkelmans |
| RDP2005-05 |
Underlying
Inflation: Concepts, Measurement and Performance
Ivan Roberts |
| RDP2005-04 |
Monetary
Policy, Asset-price Bubbles and the Zero Lower Bound
Tim Robinson and Andrew Stone |
| RDP2005-03 |
Property
Owners in Australia: A Snapshot
Marion Kohler and Anthony Rossiter |
| RDP2005-02 |
The Impact
of Monetary Policy on the Exchange Rate: A Study Using Intraday Data
Jonathan Kearns and Phil Manners |
| RDP2005-01 |
Long-term Patterns in Australia's Terms of Trade
Christian Gillitzer and Jonathan Kearns |
.................................................................................................................................. |
|
2004 |
| RDP2004-11 |
Trade Openness: An Australian Perspective
Simon Guttmann and Anthony Richards |
| RDP2004-10 |
News and Interest Rate Expectations: A Study of Six Central Banks
Ellis Connolly and Marion Kohler |
| RDP2004-09 |
Co-movement
of Australian State Business Cycles
David Norman and Thomas Walker |
| RDP2004-08 |
Housing Construction
Cycles and Interest Rates
Laura Berger-Thomson and Luci Ellis |
| RDP2004-07 |
The Profitability
of Speculators in Currency Futures Markets
Jonathan Kearns and Phil Manners |
| RDP2004-06 |
Profitability
of Reserve Bank Foreign Exchange Operations: Twenty Years After The
Float
Chris Becker and Michael Sinclair |
| RDP2004-05 |
Big Fish
in Small Ponds: The Trading Behaviour and Price Impact of Foreign
Investors in Asian Emerging Equity Markets
Anthony Richards |
| RDP2004-04 |
Inflation
Convergence Across Countries
Markus Hyvonen |
| RDP2004-03 |
Fear of Sudden Stops: Lessons from Australia
and Chile
Ricardo J Caballero, Kevin Cowan and Jonathan Kearns |
| RDP2004-02 |
The Impact of Rating Changes in Australian
Financial Markets
Adam Creighton, Luke Gower and Anthony Richards |
| RDP2004-01 |
The Impact
of Superannuation on Household Saving
Ellis Connolly and Marion Kohler |
.................................................................................................................................. |
|
2003 |
| RDP2003-12 |
The Real-time
Forecasting Performance of Phillips Curves
Tim Robinson, Andrew Stone and Marileze van Zyl |
| RDP2003-11 |
How Should
Monetary Policy Respond to Asset-price Bubbles?
David Gruen, Michael Plumb and Andrew Stone |
| RDP2003-10 |
Productivity
and Inflation
Tim Bulman and John Simon |
| RDP2003-09 |
Housing Leverage
in Australia
Luci Ellis, Jeremy Lawson and Laura Roberts-Thomson |
| RDP2003-08 |
A Tale of
Two Surveys: Household Debt and Financial Constraints in Australia
Gianni La Cava and John Simon |
| RDP2003-07 |
Housing Wealth,
Stock Market Wealth and Consumption: A Panel Analysis for Australia
Nikola Dvornak and Marion Kohler |
| RDP2003-06 |
The Characteristics
and Trading Behaviour of Dual-listed Companies
Jaideep Bedi, Anthony Richards and Paul Tennant |
| RDP2003-05 |
What Do Financial
Market Data Tell Us About Monetary Policy Transparency?
Jonathan Coppel and Ellis Connolly |
| RDP2003-04 |
Identifying
the Efficacy of Central Bank Interventions: Evidence from Australia
Jonathan Kearns and Roberto Rigobon |
| RDP2003-03 |
Australia's
Medium-run Exchange Rate: A Macroeconomic Balance Approach
Nikola Dvornak, Marion Kohler and Gordon Menzies |
| RDP2003-02 |
Do Collective
Action Clauses Influence Bond Yields? New Evidence from Emerging Markets
Mark Gugiatti and Anthony Richards |
| RDP2003-01 |
Business
Surveys and Economic Activity
Chris Aylmer and Troy Gill |
.................................................................................................................................. |
|
2002 |
| RDP2002-08 |
Currency
Crises and Macroeconomic Performance
Luke Gower and Alan Krause |
| RDP2002-07 |
An Exploration
of Marginal Attachment to the Australian Labour Market
Matthew Gray, Alexandra Heath and Boyd Hunter |
| RDP2002-06 |
Output Gaps
in Real Time: Are They Reliable Enough to Use for Monetary Policy?
David Gruen, Tim Robinson and Andrew Stone |
| RDP2002-05 |
Real-time
National Accounts Data
Andrew Stone and Sharon Wardrop |
| RDP2002-04 |
Labour Market
Adjustment in Regional Australia
Jeremy Lawson and Jacqueline Dwyer |
| RDP2002-03 |
International
Financial Liberalisation and Economic Growth
Ben McLean and Sona Shrestha |
| RDP2002-02 |
Australian
Use of Information Technology and its Contribution to Growth
John Simon and Sharon Wardrop |
| RDP2002-01 |
Inflation
Targeting and the Inflation Process: Some Lessons from an Open Economy
Guy Debelle and Jenny Wilkinson |
.................................................................................................................................. |
|
2001 |
| RDP2001-10 |
A
Select Bibliography of Published Research by Staff of the Reserve
Bank of Australia: 1991-2001
Susan Hornby and Ivan Roberts |
| RDP2001-09 |
What do Sentiment
Surveys Measure?
Ivan Roberts and John Simon |
| RDP2001-08 |
City Sizes, Housing Costs, and Wealth
Luci Ellis, Dan Andrews |
| RDP2001-07 |
A History of Last-resort Lending and Other
Support for Troubled Financial Institutions in Australia
Bryan Fitz-Gibbon, Marianne Gizycki |
| RDP2001-06 |
The Effect of Macroeconomic Conditions
on Banks’ Risk and Profitability
Marianne Gizycki |
| RDP2001-05 |
Understanding OECD Output Correlations
Glenn Otto, Graham Voss, Luke Willard |
| RDP2001-04 |
Measuring the Real Exchange Rate: Pitfalls
and Practicalities
Luci Ellis |
| RDP2001-03 |
The Response of Financial Markets in Australia
and New Zealand to News about the Asian Crisis
Luci Ellis, Eleanor Lewis |
| RDP2001-02 |
Changes in the Determinants of Inflation
in Australia
Jacqueline Dwyer, Kenneth Leong |
| RDP2001-01 |
The Decline in Australian Output Volatility
John Simon |
.................................................................................................................................. |
|
2000 |
| RDP2000-10 |
Monetary
Policy-making in the Presence of Knightian Uncertainty
Adam Cagliarini, Alexandra Heath |
| RDP2000-09 |
Consumption
and Wealth
Alvin Tan, Graham Voss |
| RDP2000-08 |
Nominal
Wage Rigidity in Australia
Jacqueline Dwyer, Kenneth Leong |
| RDP2000-07 |
The Effect
of Uncertainty on Monetary Policy: How Good are the Brakes?
Guy Debelle, Adam Cagliarini |
| RDP2000-06 |
Inflation
Targeting and Exchange Rate Fluctuations in Australia
Chris Ryan, Christopher Thompson |
| RDP2000-05 |
A Small
Model of the Australian Macroeconomy
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen, Christopher
Thompson |
| RDP2000-04 |
Keynes and
Australia
Donald J Markwell |
| RDP2000-03 |
Some Structural
Causes of Japan's Banking Problems
Luke Gower |
| RDP2000-02 |
Forecasting
Australian Economic Activity Using Leading Indicators
Andrea Brischetto, Graham Voss |
| RDP2000-01 |
The Efficient
Market Hypothesis: A Survey
Meredith Beechey, David Gruen, James Vickery |
.................................................................................................................................. |
|
1999 |
| RDP1999-12 |
Unemployment
and Skills in Australia
James Vickery |
| RDP1999-11 |
A Structural
Vector Autoregression Model of Monetary Policy in Australia
Andrea Brischetto, Graham Voss |
| RDP1999-10 |
The Implications
of Uncertainty for Monetary Policy
Geoffrey Shuetrim, Christopher Thompson |
| RDP1999-09 |
Australian
Banking Risk: The Stock Market's Assessment and the Relationship Between
Capital and Asset Volatility
Marianne Gizycki, Brenton Goldsworthy |
| RDP1999-08 |
Inflation
Targeting and Output Stabilisation
Guy Debelle |
| RDP1999-07 |
Job-search
Methods, Neighbourhood Effects and the Youth Labour Market
Alexandra Heath |
| RDP1999-06 |
Two Depressions,
One Banking Collapse
Chay Fisher, Christopher Kent |
| RDP1999-05 |
Trends in
the Australian Banking System: Implications for Financial System Stability
and Monetary Policy
Guy Debelle, Christopher Kent |
| RDP1999-04 |
Value at
Risk: On the Stability and Forecasting of the Variance-covariance
Matrix
James Engel, Marianne Gizycki |
| RDP1999-03 |
Householders'
Inflation Expectations
Andrea Brischetto, Gordon de Brouwer |
| RDP1999-02 |
Reservation
Wages and the Duration of Unemployment
Alexandra Heath, Troy Swann |
| RDP1999-01 |
The Phillips
Curve in Australia
David Gruen, Adrian Pagan, Christopher Thompson |
.................................................................................................................................. |
|
1998 |
| RDP9812 |
An Optimising
Model for Monetary Policy Analysis: Can Habit Formation Help?
Jeffrey C. Fuhrer |
| RDP9811 |
Effective Real
Exchange Rates and Irrelevant Nominal Exchange-rate Regimes
Christopher Kent, Rafic Naja |
| RDP9810 |
The Distribution
and Measurement of Inflation
Jonathan Kearns |
| RDP9809 |
Estimating
Output Gaps
Gordon de Brouwer |
| RDP9808 |
What Moves
Yields in Australia?
Frank Campbell, Eleanor Lewis |
| RDP9807 |
Inflation Targeting
in a Small Open Economy
Nargis Bharucha, Christopher Kent |
| RDP9806 |
Policy Rules
for Open Economies
Laurence Ball |
| RDP9805 |
The Origin
of the Asian Financial Turmoil
Morris Goldstein, John Hawkins |
| RDP9804 |
Stylised Facts
of the Australian Labour Market
Guy Debelle, Troy Swann |
| RDP9803 |
Forward-Looking
Behaviour and Credibility: Some Evidence and Implications for Policy
Gordon de Brouwer, Luci Ellis |
| RDP9802 |
Systematic
Risk Characteristics of Corporate Equity
Geoffrey Shuetrim |
| RDP9801 |
Labour Market
Adjustment: Evidence on Interstate Labour Mobility
Guy Debelle, James Vickery |
.................................................................................................................................. |
|
1997 |
| RDP9709 |
Asset-price
Bubbles and Monetary Policy
Christopher Kent, Philip Lowe |
| RDP9708 |
Measuring Traded
Market Risk: Value-at-risk and Backtesting Techniques
Colleen Cassidy, Marianne Gizycki |
| RDP9707 |
Internationalisation
and Pricing Behaviour: Some Evidence for Australia
James O'Regan, Jenny Wilkinson |
| RDP9706 |
Is the Phillips
Curve a Curve? Some Evidence and Implications for Australia
Guy Debelle, James Vickery |
| RDP9705 |
The Response
of the Current Account to Terms of Trade Shocks: A Panel-data Study
Christopher Kent |
| RDP9704 |
Financial Aggregates
as Conditioning Information for Australian Output and Inflation
Ellis W. Tallman, Naveen Chandra |
| RDP9703 |
The Implementation
of Monetary Policy in Australia
Ric Battellino, John Broadbent, Philip Lowe |
| RDP9702 |
The Lags of
Monetary Policy
David Gruen, John Romalis, Naveen Chandra |
| RDP9701 |
Inflation Regimes
and Inflation Expectations
Joseph E. Gagnon |
.................................................................................................................................. |
|
1996 |
| RDP9612 |
External Influences
on Output: An Industry Analysis
Gordon de Brouwer, John Romalis |
| RDP9611 |
A Markov-Switching
Model of Inflation in Australia
John Simon |
| RDP9610 |
Share Prices
and Investment
Michael Andersen, Robert Subbaraman |
| RDP9609 |
Australian
Financial Market Volatility: An Exploration of Cross-country and Cross-market
Linkages
Tro Kortian, James O'Regan |
| RDP9608 |
Modelling the
Australian Exchange Rate, Long Bond Yield and Inflationary Expectations
Alison Tarditi |
| RDP9607 |
Towards an
Understanding of Australia's Co-movement with Foreign Business Cycles
Nicolas de Roos, Bill Russell |
| RDP9606 |
The Information
Content of Financial Aggregates in Australia
Ellis W. Tallman, Naveen Chandra |
| RDP9605 |
The Evolving
Structure of the Australian Financial System
Malcolm Edey, Brian Gray |
| RDP9604 |
Issues in Modelling
Monetary Policy
Malcolm Edey, John Romalis |
| RDP9603 |
Australia's
Retirement Income System: Implications for Saving and Capital Markets
Malcolm Edey, John Simon |
| RDP9602 |
Consumption
and Liquidity Constraints in Australia and East Asia: Does Financial
Integration Matter?
Gordon de Brouwer |
| RDP9601 |
Why Does the
Australian Dollar Move so Closely With the Terms of Trade?
David Gruen, Tro Kortian |
.................................................................................................................................. |
|
1995 |
| RDP9513 |
Financial Market
Volatility and the World-wide fall in Inflation
David Gruen |
| RDP9512 |
Consumption,
Investment and International Linkages
Guy Debelle, Bruce Preston |
| RDP9511 |
Superannuation
and Saving
Steven Morling, Robert Subbaraman |
| RDP9510 |
Modelling Inflation
in Australia
Gordon de Brouwer, Neil R. Ericsson |
| RDP9509 |
Australian
Wage and Price Inflation: 1971-1994
Lynne Cockerell, Bill Russell |
| RDP9508 |
Are Terms of
Trade Rises Inflationary?
David Gruen, Jacqueline Dwyer |
| RDP9507 |
Macroeconomic
Policies and Growth
Palle Andersen, David Gruen |
| RDP9506 |
The Liberalisation
and Integration of Domestic Financial Markets in Western Pacific Economies
Gordon de Brouwer |
| RDP9505 |
Labour-productivity
Growth and Relative Wages: 1978-1994
Philip Lowe |
| RDP9504 |
The Link Between
the Cash Rate and Market Interest Rates
Philip Lowe |
| RDP9503 |
Monetary Policy
Goals for Inflation in Australia
Guy Debelle, Glenn Stevens |
| RDP9502 |
Price Stickiness
and Inflation
Richard De Abreu Lourenco, David Gruen |
| RDP9501 |
Modern Approaches
to Asset Price Formation: A Survey of Recent Theoretical Literature
Tro Kortian |
.................................................................................................................................. |
|
1994 |
| RDP9411 |
Demand Shocks,
Inflation and the Business Cycle
Richard de Abreu Lourenco, Philip Lowe |
| RDP9410 |
An Empirical
Examination of the Fisher Effect in Australia
Frederic S. Mishkin, John Simon |
| RDP9409 |
Default Risk
and Derivatives: An Empirical Analysis of Bilateral Netting
Marianne Gizycki, Brian Gray |
| RDP9408 |
The Supervisory
Treatment of Banks' Market Risk
Stephanie Weston, Brian Gray |
| RDP9407 |
Explaining
Import Price Inflation: A Recent History of Second Stage Pass-through
Jacqueline Dwyer, Ricky Lam |
| RDP9406 |
Reserve Bank
Operations in the Foreign Exchange Market: Effectiveness and Profitability
Robert Andrew, John Broadbent |
| RDP9405 |
External Debt
and Liabilities of Industrial Countries
Mark Rider |
| RDP9404 |
Wage Dispersion
and Labour Market Institutions: A Cross Country Study
Michael Coelli, Jerome Fahrer, Holly Lindsay |
| RDP9403 |
Capital Constraints
and Employment
Jerome Fahrer, John Simon |
| RDP9402 |
The Influence
of Financial Factors on Corporate Investment
Karen Mills, Steven Morling, Warren Tease |
| RDP9401 |
Resource Flows
to the Traded Goods Sector
Jacqueline Dwyer, Christine Groeger |
.................................................................................................................................. |
|
1993 |
| RDP9315 |
The Provision
of Financial Services - Trends, Prospects and Implications
Warren Tease, Jenny Wilkinson |
| RDP9314 |
The Demand
for Money in Australia: New Tests on an Old Topic
Gordon de Brouwer, Irene Ng, Robert Subbaraman |
| RDP9313 |
The Determinants
of Corporate Leverage: A Panel Data Analysis
Geoffrey Shuetrim, Philip Lowe, Steve Morling |
| RDP9312 |
A Re-examination
of the Determinants of Australia's Imports
Jacqueline Dwyer, Christopher Kent |
| RDP9311 |
Agency Costs,
Balance Sheets and the Business Cycle
Philip Lowe, Thomas Rohling |
| RDP9310 |
Explaining
the Recent Performance of Australia's Manufactured Exports
Gordon Menzies, Geoffrey Heenan |
| RDP9309 |
Alternative
Concepts of the Real Exchange Rate: A Reconciliation
Jacqueline Dwyer, Philip Lowe |
| RDP9308 |
Balance Sheet
Restructuring and Investment
Karen Mills, Steve Morling, Warren Tease |
| RDP9307 |
Explaining
Forward Discount Bias: Is it Anchoring ?
David W. R. Gruen, Marianne Gizycki |
| RDP9306 |
Inventories
and the Business Cycle
Darren Flood, Philip Lowe |
| RDP9305 |
The Unemployment/Vacancy
Relationship in Australia
Jerome Fahrer, Andrew Pease |
| RDP9304 |
Exchange Rate
Pass-through: The Different Responses of Importers and Exporters
Jacqueline Dwyer, Christopher Kent, Andrew Pease |
| RDP9303 |
The 1893 Bank
Crashes and Monetary Aggregates
David T. Merrett |
| RDP9302 |
A Decade of
Australian Banking Risk: Evidence from Share Prices
Marianne Gizycki, Mark Levonian |
| RDP9301 |
The Response
of Australian Stock, Foreign Exchange and Bond Markets to Foreign
Asset Returns and Volatilities
Paul D. McNelis |
.................................................................................................................................. |
|
1992 |
| RDP9216 |
The Evolution
of Corporate Financial Structure: 1973-1990
Philip Lowe, Geoffrey Shuetrim |
| RDP9215 |
The Evolution
of Employment and Unemployment in Australia
Jerome Fahrer, Alexandra Heath |
| RDP9214 |
The Cash Market
in Australia
Bob Rankin |
| RDP9213 |
The Impact
of Financial Intermediaries on Resource Allocation and Economic Growth
Philip Lowe |
| RDP9212 |
Changes in
the Characteristics of the Australian Business Cycle: Some Lessons
for Monetary Policy from the 1980s and Early 1990s
Adrian Blundell-Wignall, Michele Bullock |
| RDP9211 |
Dividends and
Taxation: A Preliminary Investigation
Tim Callen, Steven Morling, Jill Pleban |
| RDP9210 |
A Contingent
Claim Analysis of Risk-based Capital Standards for Banks
Mark Levonian, Sarah Kendall |
| RDP9209 |
Financial Liberalisation
and Consumption Behaviour
Adrian Blundell-Wignall, Frank Browne, Stefano Cavaglia, Alison Tarditi |
| RDP9208 |
Credit Supply
and Demand and the Australian Economy
Adrian Blundell-Wignall, Marianne Gizycki |
| RDP9207 |
Indicators
of Inflationary Pressure
Michael Coelli, Jerome Fahrer |
| RDP9206 |
Loan Rate Stickiness:
Theory and Evidence
Philip Lowe, Thomas Rohling |
| RDP9205 |
Measuring the
Cost of Capital in Australia
Nigel Dews, John Hawkins, Tracey Horton |
| RDP9204 |
The Term Structure
of Interest Rates, Real Activity and Inflation
Philip Lowe |
| RDP9203 |
Real Exchange
Rates and the Globalisation of Financial Markets
Adrian Blundell-Wignall, Frank Browne |
| RDP9202 |
Some Tests
of Competition in the Australian Housing Loan Market
Jerome Fahrer, Thomas Rohling |
| RDP9201 |
The Impact
of Real and Nominal Shocks on Australian Real Exchange Rates
Philip Lowe |
.................................................................................................................................. |
|
1991 |
| RDP9112 |
The Role of
Superannuation in the Financial Sector and in Aggregate Saving: A
Review of Recent Trends
Malcolm Edey, Robin Foster, Ian Macfarlane |
| RDP9111 |
Monthly Movements
in the Australian Dollar and Real Short-term Interest Differentials:
An Application of the Kalman Filter
Alison Tarditi, Gordon Menzies |
| RDP9110 |
Resource Convergence
and Intra-industry Trade
Philip Lowe |
| RDP9109 |
Estimates of
Private Sector Wealth
Tim Callen |
| RDP9108 |
Australia's
Real Exchange Rate - Is it Explained by the Terms of Trade or by Real
Interest Differentials?
David WR Gruen, Jenny Wilkinson |
| RDP9107 |
The Cost of
Equity Capital in Australia: What Can We Learn from International
Equity Returns?
Anthony J Richards |
| RDP9106 |
The Direction
of Australian Investment from 1985/86 to 1988/89
Christopher Kent, Patricia Scott |
| RDP9105 |
Inflation in
Australia: Causes, Inertia and Policy
Jerome Fahrer, Justin Myatt |
| RDP9104 |
The Cross-country
Relationship between Interest Rates and Inflation over Three Decades
Michele Bullock, Mark Rider |
| RDP9103 |
The Failure
of Uncovered Interest Parity: Is it Near-rationality in the Foreign
Exchange Market?
David WR Gruen, Gordon Menzies |
| RDP9102 |
Indicators
of Economic Activity: A Review
Malcolm Edey, Jill Pleban |
| RDP9101 |
The Effect
of Steady Inflation on Interest Rates and the Real Exchange Rate in
a World with Free Capital Flows
David WR Gruen |
.................................................................................................................................. |
|
1990 |
| RDP9013 |
A Select Bibliography
of Published Research by the Reserve Bank of Australia: 1969 - 1990
Suzanna Chiang, Michael Power |
| RDP9012 |
Some Calculations
on Inflation and Corporate Taxation in Australia
Heidi Willmann |
| RDP9011 |
Inflation and
Corporate Taxation in Australia
Chris Ryan |
| RDP9010 |
Volatility
of the Australian Dollar Exchange Rate
Lindsay Boulton, Mardi Dungey, Melissa Parkin |
| RDP9009 |
An Empirical
Model of Australian Interest Rates, Exchange Rates and Monetary Policy
Jerome Fahrer, Lynne-Ellen Shori |
| RDP9008 |
Financial Deregulation
and the Monetary Transmission Mechanism
Jerome Fahrer, Tom Rohling |
| RDP9007 |
Operating Objectives
for Monetary Policy
Malcolm Edey |
| RDP9006 |
Wage Contracts,
Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial
Countries
Jerome Fahrer |
| RDP9005 |
Real Exchange
Rates and the Australian Export Competitiveness
Mathew Jones, Jenny Wilkinson |
| RDP9004 |
Saving and
Investment in the 1980's
Malcolm Edey, Mark Britten - Jones |
| RDP9003 |
Balance of
Payments in the 1980's
Warren Tease |
| RDP9002 |
Public Sector
Growth and the Current Account in Australia: A Long Run Perspective
Warwick McKibbin, Steve Morling |
| RDP9001 |
Is Pitchford
Right? Current Account Adjustment, Exchange Rate Dynamics and Macroeconomic
Policy
Jerome Fahrer |
.................................................................................................................................. |
|
1989 |
| RDP8910 |
An Analysis
of the Determinants of Imports
Tracey Horton, Jenny Wilkinson |
| RDP8909 |
Optimal Wage
Indexation, Monetary Policy and the Exchange Rate Regime
Jerome Fahrer |
| RDP8908 |
Capital Flows
and Exchange Rate Determination
Ian Macfarlane, Warren Tease |
| RDP8907 |
Tax Policy
and Housing Investment in Australia
Mark Britten-Jones, Warwick McKibbin |
| RDP8906 |
A Random Walk
around the $A: Expectations, Risk, Interest Rates and Consequences
for External Imbalance
Jeremy Smith, David Gruen |
| RDP8905 |
Monetary Policy
Instruments: A Theoretical Analysis
Malcom Edey |
| RDP8904 |
Changes in
the Behaviour of Banks and their Implications for Financial Aggregates
Ric Battellino, Nola McMillan |
| RDP8903 |
The Relationship
between Financial Indicators and Economic Activity: Some Further Evidence
Glenn Stevens, Susan Thorp |
| RDP8902 |
Option Prices
and Implied Volatilities: An Empirical Analysis
Malcolm Edey, Graham Elliott |
| RDP8901 |
The World Economy
from 1979 to 1988: Results from the MSG2 Model
Warwick McKibbin |
.................................................................................................................................. |
|
1988 |
| RDP8813 |
The Fiscal
Deficit and the Current Account: Twins or Distant Relatives?
Hans Genberg |
| RDP8812 |
International
Interest Rate Linkages and Monetary Policy: The Case of Australia
Ian Macfarlane |
| RDP8811 |
Monetary Transmission
in a Deregulated Financial System
Dirk Morris |
| RDP8810 |
The Relationship
between Actual Investment and Survey-based Expectations
Paul Brennan, Tania Milavec |
| RDP8809 |
The Intertemporal
Government Budget Constraint and Tests for Bubbles
Graham Elliott, Colm Kearney |
| RDP8808 |
Consumption
and Permanent Income: The Australian Case
Warwick McKibbin, Anthony Richards |
| RDP8807 |
The Cost of
Capital: Some Issues
Nigel Dews |
| RDP8806 |
Employment,
Output and Real Wages
Bill Russell, Warren Tease |
| RDP8805 |
The Relationship
Between Financial Indicators and Activity: 1968-1987
Michele Bullock, Dirk Morris, Glenn Stevens |
| RDP8804 |
Pricing Behaviour
in Australian Financial Future Markets
Malcolm Edey, Graham Elliott |
| RDP8803 |
Do Financial
Aggregates Lead Activity?A Preliminary Analysis
Michele Bullock, Glenn Stevens, Susan Thorp |
| RDP8802 |
VAR Forecasting
Models of the Australian Economy:A Preliminary Analysis
Robert Trevor, Susan Thorp |
| RDP8801 |
Time-Consistent
Policies: A Survey of the Issues
Warwick McKibbin |
.................................................................................................................................. |
|
1987 |
| RDP8713 |
Estimating
the Inflationary Effects of Depreciation
Tony Richards, Glenn Stevens |
| RDP8712 |
Policy Analysis
with the MSG2 Model
Warwick McKibbin |
| RDP8711 |
Deviations
from Purchasing Power Parity:The Australian Case
Adrian Blundell-Wignall, Marilyn Thomas |
| RDP8710 |
Transmission
of External Shocks in the RBII Model
Malcolm Edey, Elaine Kerrison, Gordon Menzies |
| RDP8709 |
A Note on Aggregate
Investment in Australia
Warwick McKibbin, Eric Siegloff |
| RDP8708 |
Risk Effects
Versus Monetary Effects in the Determination of Short-term Interest
Rates
Malcolm Edey |
| RDP8707 |
Asymmetric
Information and Bid-Ask Spreads in the Eurocurrency Markets
Malcolm Edey |
| RDP8706 |
Numerical Solution
of Rational Expectations Models With and Without Strategic Behaviour
Warwick McKibbin |
| RDP8705 |
The Economics
of International Policy Coordination
Warwick McKibbin |
| RDP8704 |
The Role and
Consequences of Investment in Recent Australian Economic Growth
Jeffrey Carmichael, Nigel Dews |
| RDP8703 |
Money Demand,
Own Interest Rates and Deregulation
Adrian Blundell-Wignall, Susan Thorp |
| RDP8702 |
Open Market
Operations in Australia: A US Perspective
Michael Dotsey |
| RDP8701 |
The Australian
Demand Function for Money: Another Look at Stability
Glenn Stevens, Susan Thorp, John Anderson |
.................................................................................................................................. |
|
1986 |
| RDP8612 |
A Weekly Model
of the Floating Australian Dollar
Jeffrey Sheen |
| RDP8611 |
The Effectiveness
of Fiscal Policy in an Economy with Anticipatory Wage Contracts
Jeffrey Sheen |
| RDP8610 |
Equilibrium
Exchange Rates and a Popular Model of International Asset Demands:
An Inconsistency
Robert Trevor |
| RDP8609 |
The Performance
of Exchange Rate Forecasts
Philip Lowe, Robert Trevor |
| RDP8608 |
Exchange Rate
Regimes and the Volatility of Financial Prices: The Australian Case
Robert Trevor, Stephen Donald |
| RDP8607 |
The Expectations
Theory of the Term Structure and Short-Term Interest Rates in Australia
Warren Tease |
| RDP8606 |
The Nation's
Wealth: Some New Calculations for Australia
John Piggott |
| RDP8605 |
On Some Recent
Developments in Monetary Economics
Peter Jonson, Robert Rankin |
| RDP8604 |
Leading Indexes:
Do They?
Robert Trevor, Stephen Donald |
| RDP8603 |
Risk Premia,
Market Efficiency and the Exchange Rate: Some Evidence since the Float
Warren Tease |
| RDP8602 |
Short-term
Interest Rates, Weekly Money Announcements and Rational Forecasts
Robert Trevor |
| RDP8601 |
New Classical
Models and Unobserved Aggregates
Robert Trevor |
.................................................................................................................................. |
|
| 1985 |
| RDP8502 |
Meeting on
Monetary Issues: Summary of discussion at an informal meeting of Monetary
Economists held at the Reserve Bank of Australia, Sydney, 8 August
1985
|
| RDP8501 |
Neoclassical
Theory and Australian Business Investment: A Reappraisal
Ulrich Kohli, Chris Ryan |
.................................................................................................................................. |
|
| 1984 |
| RDP8403 |
Modelling Recent
Developments in Australian Asset Markets: Some Preliminary Results
Jerome Fahrer, Robert Rankin |
| RDP8402 |
Financial Innovation
Bibliography
Lindsay Boulton, Warren Tease |
| RDP8401 |
The Equations
of the RBA82 Model of the Australian Economy
Jerome Fahrer, Robert Rankin, John Taylor |
.................................................................................................................................. |
|
| 1983 |
| RDP8303 |
The 1930's
and the 1980's: Some Facts
Peter Jonson, Glenn Stevens |
| RDP8302 |
Economic Forecasts
and Their Assessment
Ian Macfarlane, John Hawkins |
| RDP8301 |
Financial Innovations
and Monetary Policy: A Preliminary Survey
Carolyn Moses |
.................................................................................................................................. |
|
| 1982 |
| RDP8205 |
Methods of
Investigating Causal Relationships between Time Series
John Anderson |
| RDP8204 |
An Econometric
Model of the Australian Trading Banks: 1974-1980
Matthew Butlin, Kim Hawtrey, Chris Ryan |
| RDP8203 |
The Causal
Relationship between Money Base and Money Supply in Australia: 1960-1979
Matthew Butlin, Chris Ryan |
| RDP8202 |
The Market
for Negotiable Certificates of Deposit in Australia: 1973-1980
Matthew Butlin, Kim Hawtrey |
| RDP8201 |
Money, Wealth
and Prices: An Empirical Analysis
Ulrich Kohli, Warwick McKibbin |
.................................................................................................................................. |
|
| 1981 |
| RDP8105 |
Economy-wide
Modelling: The Way Ahead: Proceedings of a Symposium conducted at
the 10th Conference of Economists, Australian National University,
August 1981
|
| RDP8104 |
External and
Domestic Interactions: A Sensitivity Analysis (Further Results)
Peter Jonson, Warwick McKibbin, |
| RDP8103 |
The Labour
Market in Australia: A Review
Francis Campbell |
| RDP8102 |
Overdraft Lending
and Aggregating Demands Subject to Constraint
Matthew Butlin |
| RDP8101T |
Overdrafts
and Credit Rationing
Matthew Butlin |
| RDP8101 |
The Effects
of Seasonal Adjustment in Econometric Models
Margaret Beck |
.................................................................................................................................. |
|
| 1980 |
| RDP8010 |
Inflation-Unemployment
Trade Offs in an Open Economy: Theory and Evidence for Australia
Jeffrey Carmichael, John Broadbent |
| RDP8009 |
Monetarism:
An Interpretation and Assessment
David Laidler |
| RDP8008 |
The Market
for Commonwealth Government Securities
William Evans, Harry Rozenstein |
| RDP8007 |
Inflation and
Relative Prices: the Australian Experience
Kenneth Clements, Phuong Nguyen |
| RDP8006 |
Models and
Multipliers
Peter Jonson, Warwick McKibbin, Robert Trevor |
| RDP8005 |
Social Security,
Debt Finance, and Savings
Jeffrey Carmichael, Kim Hawtrey |
| RDP8004 |
Money, Inflation
and Economic Growth: Conditions for Superneutrality
Jeffrey Carmichael |
| RDP8003 |
Debt versus
Tax Financing of Government Spending: On Barro's Neutrality Theorem
Jeffrey Carmichael |
| RDP8002 |
Sub-optimality
in a Dynamic Economy with Overlapping Generations
Jeffrey Carmichael |
| RDP8001 |
Macroeconometric
Models of the Australian Economy: A Comparative Analysis
Warwick McKibbin |
.................................................................................................................................. |
|
| 1979 |
| RDP7904 |
Some Aspects
of RBA76 and RBF1
John Taylor |
| RDP7903 |
Monetary Rules:
A Preliminary Analysis
Peter Jonson, Robert Trevor |
| RDP7902 |
Financial Modelling
in Australia
William Evans |
| RDP7901 |
Estimation
and Statistical Evaluation of an Economic Model
L.A. Moore |
.................................................................................................................................. |
|
| 1978 |
| RDP7802 |
Unemployment:
An Econometric Dissection
Peter Jonson, Ric Battellino, Francis Campbell |
| RDP7801 |
Two Essays
in Monetary Economics
Peter Jonson |
.................................................................................................................................. |
|
| 1977 |
| RDP7707 |
Money and the
Balance of Payments
Peter Jonson, Robert Rankin, John Taylor |
| RDP7706 |
Interest Rates
and Exchange Rate Expectations in the RBA76 Model
Peter Jonson, Jan Eberhardt |
| RDP7705 |
Modelling Monetary
Disequilibrium
Peter Jonson, John Taylor |
| RDP7704 |
Money and Money-income:
An Essay on the 'Transmission Mechanism'
David Laidler |
| RDP7703 |
Price and Quantity
Responses to Monetary Impulses in a Model of a Small Open Economy
Peter Jonson, Matthew Butlin |
| RDP7702 |
Inflation and
Economic Stability in a Small Open Economy: A Systems Approach
Peter Jonson, John Taylor |
| RDP7701 |
A Preliminary
Annual Database 1900/01 to 1973/74
Matthew Butlin |
.................................................................................................................................. |
|
| 1976 |
| RDP7601 |
A Minimal Model
of the Australian Economy
P.D. Jonson, E.R. Moses, C.R. Wymer |
| RDP18-revised |
Private
Sector Wealth: Quarterly Estimates for use in an Aggregate Model
J. Helliwell, P. Boxall |
.................................................................................................................................. |
|
| 1975 |
| RDP7504 |
The Equations
of the RBA1/74 Model of the Australian Economy
J.F. Henderson, P.M. Norman |
| RDP7503 |
Inflation in
Industrial Countries: Two Theoretical Views
A. Blundell-Wignall, J. Carmichael |
| RDP7502 |
The Role of
Capacity Utilisation in the RBA1/74 Model
P.M. Norman, E.R. Moses |
| RDP7501 |
The Supply
Price of Capital: An Empirical Reformulation and Some Points of Clarification
J. Carmichael, P.M. Norman |
.................................................................................................................................. |
|
| 1974 |
| RDP36 |
Techniques of
Short Term Forecasting
N.C. Mackrell |
| RDP35 |
A Theoretical
Intertemporal Choice Model of the Household
R.J. Cooper |
| RDP34 |
An Analysis of
Econometric Ex-post Forecasting Error
J.P. Cox, N.C. Mackrell |
| RDP33 |
Inflation: Prices
and Earnings in Australia
P.J. Boxall, J. Carmichael |
.................................................................................................................................. |
|
| 1973 |
| RDP32 |
A Theoretical
Intertemporal Choice Model of the Firm
R.J. Cooper |
| RDP31 |
The Short-run
and Long-run Trade-offs between Inflation and Unemployment in Australia
M. Parkin |
| RDP30 |
The Measurement
and Explanation of Inflationary Expectations in Australia
M. Danes |
| RDP29 |
The Portfolio
Behaviour of Life Assurance Companies in Australia
P.J. Shaw |
| RDP28 |
Reaction Functions
and Stabilization Policy in Australia: An Objective Analysis
P.D. Jonson |
| RDP27-revised |
Earnings
and Award Wages in Australia
P.D. Jonson, K.L. Mahar, G.J. Thompson |
.................................................................................................................................. |
|
| 1972 |
| RDP27 |
Earnings and
Award Wages in Australia
P.D. Jonson, K.L. Mahar |
| RDP26 |
Investment Time
Lags
R.G. Hawkins, I. Lapham |
| RDP25A |
Introducing
Wealth and the Supply Price of Capital into Consumption Equations
P.J. Boxall |
| RDP25 |
Expectations
and the Demand for Government Bonds in Australia
P.D. Jonson |
.................................................................................................................................. |
|
| 1971 |
| RDP24 |
Price Movements:
Causes and Lags
M.R. Kelly |
| RDP23 |
The Share Market
Value of Business Assets, the Supply Price of Capital, and Price Expectations
P.J. Boxall, J.F. Helliwell |
| RDP22 |
Inter-related
Factor Demands: A Preliminary Report
R.G. Hawkins |
| RDP21 |
Stocks, Expected
Sales and Production Flexibility
R.E. Lightfoot |
| RDP20 |
Some Causes and
Consequences of Direct Investment Inflows to Australia
J.F. Helliwell, K.E. Schott |
| RDP19 |
Prospectus for
RBA2
J.F. Helliwell, W.E. Norton |
| RDP18 |
Quarterly Estimates
of Private Sector Wealth
J.F. Helliwell |
| RDP17 |
Equations of
Exports of Goods
I.J. Macfarlane |
| RDP16 |
Private Dwelling
Commencements: An Econometric Study
M.O. Stoneman |
.................................................................................................................................. |
|
| 1970 |
| RDP15 |
An Equation for
Imports of Goods
I.J. Macfarlane |
| RDP14 |
A Model of the
Market for Australian Government Securities
R.S. Deane |
| RDP13 |
A Quarterly Model
of the Australian Economy
P.R. Grandfield |
| RDP12 |
Testing Two Theories
of Business Fixed Investment
N.C. Mackrell, J. Frisch, P. Roope |
| RDP11 |
Model of the
Monetary Sector
W.E. Norton, A.M. Cohen, K.M. Sweeny |
| RDP10 |
Investment in
Dwellings: An Econometric Approach
G.P. Kelly, W.E. Norton |
| RDP09 |
Equations for
Australian Exports
J.R. Broadbent |
.................................................................................................................................. |
|
| 1969 |
| RDP08 |
Price Equations
for Australia
K.E. Schott, K.M. Sweeny |
| RDP07 |
An Equation of
Average Weekly Earnings
K.E. Schott |
| RDP06 |
Equations for
Gross Business Fixed Investment
K.R. McLaren |
| RDP05 |
Equations for
Tax Payments in Australia
N.C. Mackrell |
| RDP04 |
A Demand Equation
for Imports
W.E. Norton, G.H. Jackson |
| RDP03 |
Demand Equations
for Money
A.M. Cohen, W.E. Norton |
| RDP02 |
A Short Term
Employment Function for Australia
W.E. Norton, K.M. Sweeny |
| RDP01 |
Equations for
Personal Consumption Expenditure
W.E. Norton, J.R. Broadbent |
