Research Discussion Papers 2011–2020


RDP 2020-07 How Many Jobs Did JobKeeper Keep?

James Bishop and Iris Day

RDP 2020-05 How Risky is Australian Household Debt?

Jonathan Kearns, Mike Major and David Norman

RDP 2020-04 The Apartment Shortage

Keaton Jenner and Peter Tulip


RDP 2019-12 Confidence in Australian Banknotes

Kim Nguyen and Anny Francis

RDP 2019-10 Emergency Liquidity Injections

Nicholas Garvin

RDP 2019-09 Australian Money Market Divergence: Arbitrage Opportunity or Illusion?

Belinda Cheung and Sebastien Printant

RDP 2019-08 The Well-meaning Economist

Adam Gorajek

RDP 2019-07 MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy

Alexander Ballantyne, Tom Cusbert, Richard Evans, Rochelle Guttmann, Jonathan Hambur, Adam Hamilton, Elizabeth Kendall, Rachael McCririck, Gabriela Nodari and Daniel Rees

RDP 2019-06 The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data

Fiona Price, Benjamin Beckers and Gianni La Cava

RDP 2019-05 Cost-benefit Analysis of Leaning against the Wind

Trent Saunders and Peter Tulip

RDP 2019-04 A History of Australian Equities

Thomas Mathews

RDP 2019-03 Explaining Monetary Spillovers: The Matrix Reloaded

Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia

RDP 2019-01 A Model of the Australian Housing Market

Trent Saunders and Peter Tulip


RDP 2018-12 Where's the Money‽ An Investigation into the Whereabouts and Uses of Australian Banknotes

Richard Finlay, Andrew Staib and Max Wakefield

RDP 2018-10 Wage Growth Puzzles and Technology

Geoff Weir

RDP 2018-07 The GFC Investment Tax Break

David Rodgers and Jonathan Hambur

RDP 2018-04 DSGE Reno: Adding a Housing Block to a Small Open Economy Model

Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari

RDP 2018-03 The Effect of Zoning on Housing Prices

Ross Kendall and Peter Tulip


RDP 2017-06 Uncertainty and Monetary Policy in Good and Bad Times

Giovanni Caggiano, Efrem Castelnuovo and Gabriela Nodari

RDP 2017-04 How Australians Pay: Evidence from the 2016 Consumer Payments Survey

Mary-Alice Doyle, Chay Fisher, Ed Tellez and Anirudh Yadav

RDP 2017-03 Financialisation and the Term Structure of Commodity Risk Premiums

Jonathan Hambur and Nick Stenner

RDP 2017-02 Anticipatory Monetary Policy and the ‘Price Puzzle’

James Bishop and Peter Tulip


RDP 2016-12 The Household Cash Flow Channel of Monetary Policy

Gianni La Cava, Helen Hughson and Greg Kaplan

RDP 2016-11 Identifying Interbank Loans from Payments Data

Anthony Brassil, Helen Hughson and Mark McManus

RDP 2016-10 The Effect of Consumer Sentiment on Consumption

Christian Gillitzer and Nalini Prasad

RDP 2016-09 Why Do Companies Fail?

Rose Kenney, Gianni La Cava and David Rodgers

RDP 2016-08 The Slowdown in US Productivity Growth: Breaks and Beliefs

Rachael McCririck and Daniel Rees

RDP 2016-07 The Efficiency of Central Clearing: A Segmented Markets Approach

James Hansen and Angus Moore

RDP 2016-06 Jobs or Hours? Cyclical Labour Market Adjustment in Australia

James Bishop, Linus Gustafsson and Michael Plumb

RDP 2016-05 Trade Invoicing Currency and First-stage Exchange Rate Pass-through

Christian Gillitzer and Angus Moore

RDP 2016-03 Why Do Companies Hold Cash?

Gianni La Cava and Callan Windsor

RDP 2016-02 Disagreement about Inflation Expectations

Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin


RDP 2015-15 Household Economic Inequality in Australia

Rosetta Dollman, Greg Kaplan, Gianni La Cava and Tahlee Stone

RDP 2015-14 Okun's Law and Potential Output

David Lancaster and Peter Tulip

RDP 2015-13 Seasonal Adjustment of Chinese Economic Statistics

Ivan Roberts and Graham White

RDP 2015-12 Modelling the Australian Dollar

Jonathan Hambur, Lynne Cockerell, Christopher Potter, Penelope Smith and Michelle Wright

RDP 2015-11 Unprecedented Changes in the Terms of Trade

Mariano Kulish and Daniel Rees

RDP 2015-10 The Life of Australian Banknotes

Alexandra Rush

RDP 2015-09 Inflation Targeting: A Victim of Its Own Success?

Christian Gillitzer and John Simon

RDP 2015-07 A Multi-sector Model of the Australian Economy

Daniel Rees, Penelope Smith and Jamie Hall

RDP 2015-05 The Social Costs of Currency Counterfeiting

Nathan Viles, Alexandra Rush and Thomas Rohling

RDP 2015-02 Central Counterparty Loss Allocation and Transmission of Financial Stress

Alexandra Heath, Gerard Kelly and Mark Manning

RDP 2015-01 Stress Testing the Australian Household Sector Using the HILDA Survey

Tom Bilston, Robert Johnson and Matthew Read


RDP 2014-14 The Evolution of Payment Costs in Australia

Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan

RDP 2014-13 Mortgage-related Financial Difficulties: Evidence from Australian Micro-level Data

Matthew Read, Chris Stewart and Gianni La Cava

RDP 2014-12 A State-space Approach to Australian GDP Measurement

Daniel Rees, David Lancaster and Richard Finlay

RDP 2014-11 Exchange Rate Movements and the Australian Economy

Josef Manalo, Dilhan Perera and Daniel Rees

RDP 2014-10 Financial Reform in Australia and China

Alexander Ballantyne, Jonathan Hambur, Ivan Roberts and Michelle Wright

RDP 2014-09 Predicting Dwelling Prices with Consideration of the Sales Mechanism

David Genesove and James Hansen

RDP 2014-08 The Effect of the Mining Boom on the Australian Economy

Peter Downes, Kevin Hanslow and Peter Tulip

RDP 2014-06 Is Housing Overvalued?

Ryan Fox and Peter Tulip

RDP 2014-05 The Changing Way We Pay: Trends in Consumer Payments

Crystal Ossolinski, Tai Lam and David Emery

RDP 2014-04 Home Price Beliefs in Australia

Callan Windsor, Gianni La Cava and James Hansen

RDP 2014-03 Household Saving in Australia

Richard Finlay and Fiona Price

RDP 2014-02 Fiscal Policy and the Inflation Target

Peter Tulip

RDP 2014-01 Macroeconomic Consequences of Terms of Trade Episodes, Past and Present

Tim Atkin, Mark Caputo, Tim Robinson and Hao Wang


RDP 2013-15 Trends in the Funding and Lending Behaviour of Australian Banks

Chris Stewart, Benn Robertson and Alexandra Heath

RDP 2013-14 Reserves of Natural Resources in a Small Open Economy

Isaac Gross and James Hansen

RDP 2013-12 Central Counterparty Links and Clearing System Exposures

Nathanael Cox, Nicholas Garvin and Gerard Kelly

RDP 2013-10 Stochastic Terms of Trade Volatility in Small Open Economies

Patricia Gómez-González and Daniel Rees

RDP 2013-08 International Business Cycles with Complete Markets

Alexandre Dmitriev and Ivan Roberts

RDP 2013-07 An Empirical BVAR-DSGE Model of the Australian Economy

Sean Langcake and Tim Robinson

RDP 2013-04 Home Prices and Household Spending

Callan Windsor, Jarkko Jääskelä and Richard Finlay

RDP 2013-03 Implications for the Australian Economy of Strong Growth in Asia

Michael Plumb, Christopher Kent and James Bishop

RDP 2013-02 Industry Dimensions of the Resource Boom: An Input-Output Analysis

Vanessa Rayner and James Bishop


RDP 2012-09 A History of Australian Corporate Bonds

Susan Black, Joshua Kirkwood, Alan Rai and Thomas Williams

RDP 2012-07 Estimates of Uncertainty around the RBA's Forecasts

Peter Tulip and Stephanie Wallace

RDP 2012-06 The Impact of Payment System Design on Tiering Incentives

Robert Arculus, Jennifer Hancock and Greg Moran

RDP 2012-05 Payment System Design and Participant Operational Disruptions

Ashwin Clarke and Jennifer Hancock

RDP 2012-04 Chinese Urban Residential Construction to 2040

Leon Berkelmans and Hao Wang

RDP 2012-02 The Role of Credit Supply in the Australian Economy

David Jacobs and Vanessa Rayner

RDP 2012-01 Co-movement in Inflation

Hugo Gerard


RDP 2011-08 The Mining Industry: From Bust to Boom

Ellis Connolly and David Orsmond

RDP 2011-07 Australia's Prosperous 2000s: Housing and the Mining Boom

Jonathan Kearns and Philip Lowe

RDP 2011-05 Terms of Trade Shocks: What are They and What Do They Do?

Jarkko Jääskelä and Penelope Smith

RDP 2011-03 Urban Structure and Housing Prices: Some Evidence from Australian Cities

Mariano Kulish, Anthony Richards and Christian Gillitzer