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RBA Glossary definition for SOEs

SOEs – state owned enterprises

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Forward-looking Behaviour and Credibility: Some Evidence and Implications for Policy

1 Aug 1998 RDP 9803
Gordon de Brouwer and Luci Ellis
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1998/9803.html

Policy Implications

1 Feb 1998 RDP 9803
Gordon de Brouwer and Luci Ellis
Accordingly, we modify Equation (3a) so that inflation adjusts gradually to its long-run mark-up:. ... They know, for example, that policy will respond to an inflation shock, and so they change their forecasts.
https://www.rba.gov.au/publications/rdp/1998/1998-03/policy-implications.html

Evidence on the Formation of Inflation Expectations

1 Feb 1998 RDP 9803
Gordon de Brouwer and Luci Ellis
A broad measure is preferred, and so the median response from the Melbourne Institute survey of households' inflation expectations is used. ... where er is the US dollar per Australian dollar exchange rate (so a rise is an appreciation of the Australian
https://www.rba.gov.au/publications/rdp/1998/1998-03/evidence-on-the-formation-of-inflation-expectations.html

Conclusions

1 Feb 1998 RDP 9803
Gordon de Brouwer and Luci Ellis
The tests in this paper are not exhaustive, and so this assessment is only tentative. ... For example, if people think that the central bank will accommodate inflation shocks, but the central bank in fact does not do so (which is the case of an inflation
https://www.rba.gov.au/publications/rdp/1998/1998-03/conclusions.html

Appendix B: A Framework for Analysis

1 Feb 1998 RDP 9803
Gordon de Brouwer and Luci Ellis
output. The coefficients on the lagged levels of the terms of trade and real exchange rate are calibrated so that a 10 per cent rise in the terms of trade boosts ... where an asterisk denotes a foreign variable, tot is the terms of trade, rtwi is the
https://www.rba.gov.au/publications/rdp/1998/1998-03/appendix-b.html

Appendix A: A Test for the Rationality of Inflation Expectations

1 Feb 1998 RDP 9803
Gordon de Brouwer and Luci Ellis
Footnote. The Melbourne Institute survey measures inflation expected over the coming year, and so in this case annual inflation is regressed on the survey measure one year earlier.
https://www.rba.gov.au/publications/rdp/1998/1998-03/appendix-a.html

Appendix C: The Effect of Different Interest Rate Assumptions

1 Feb 1998 RDP 9803
Gordon de Brouwer and Luci Ellis
If the forecasts assume constant nominal interest rates, they do not take into account the policy response of policy to the shock, and so the initial policy response implied by the
https://www.rba.gov.au/publications/rdp/1998/1998-03/appendix-c.html