Research Discussion Paper – RDP 2024-01 Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

Contents

• Introduction
• Literature Review
• Data and Methodology
• Results
• Through Which Channels Does Monetary Policy Affect Innovation?
• Macroeconomic Effects on Productivity
• Conclusion
• Appendix A: Data Description
• Appendix B: Additional Regression Results
• References
• Copyright and Disclaimer Notice

We are grateful to Matt Read, Beth Webster, Petr Sedláček, John Simon and Tim Taylor, and seminar participants at the Tax and Transfer Policy Institute (ANU) and RBA for their comments on the paper. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia. The authors are responsible for any errors.

Endnotes

Economic Research Department, Reserve Bank of Australia [*]

Crawford School of Public Policy, Australian National University [**]