Research Discussion Papers 1991–2000
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
