Research Discussion Paper – RDP 2026-06 Perceived Monetary Policy Rules: Evidence From Professional Forecasters in Australia
Contents
- Introduction
- Methodology
- The Average Perceived Reaction Function
- Evolution of the RBA's perceived reaction function
- What drives cash-rate disagreement?
- Conclusion
- References
We thank Ippei Fujiwara, Chris Gibbs, Sarah Hunter, Mariano Kulish, Michelle Lewis, Claude Lopez, Renee McKibbin, Warwick McKibbin, James Morley, Matthew Read, and Benjamin Wong for their helpful comments, as well as seminar participants at the Reserve Bank of Australia, the Workshop of the Australasian Macroeconomics Society (WAMS) 2025, and the Melbourne Annual Macro Policy Meeting 2025. Qazi Haque acknowledges funding from the Australian Research Council under Grant DP240100970. The views expressed in this paper are those of the author and should not be attributed to the Reserve Bank of Australia. Any errors are the sole responsibility of the author.