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1–7 of 7 collapsed search results for monetary aggregates

RBA Glossary definition for monetary aggregates

monetary aggregates – A series of measures of the values of currency on issue, current deposits with banks, other deposits with banks, plus borrowings from the private sector by non-bank financial institutions (NBFIs) less currency and bank deposits by NBFIs. Components consist of: 'M1' defined as currency plus bank current deposits from the private non-bank sector; 'M3' defined as M1 plus all other authorised deposit-taking institution (ADI) deposits from the private non-ADI sector, plus certificates of deposit issued by banks, less ADI deposits held with one another; 'Broad money' defined as M3 plus other short-term liquid AFI liabilities held by the private sector, except those held by other AFIs ; 'Money base' defined as holdings of banknotes and coins by the private sector plus deposits of banks with the Reserve Bank of Australia (RBA) and other RBA liabilities to the private non-bank sector

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China's Evolving Monetary Policy Framework in International Context

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
Research Discussion Paper – RDP 2019-11 China's Evolving Monetary Policy Framework in International Context. ... arrangements. Fourth, our empirical analysis of monetary policy transmission points to both similarities and differences: while policy
https://www.rba.gov.au/publications/rdp/2019/2019-11.html

China's Evolving Monetary Policy Framework in International Context

1 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
Fourth, as observed in many advanced economies in the 1970s and 1980s, we find policy rates in China to contain more leading information for asset prices and output than monetary aggregates, ... Historically, the role of inflation in the alternating mix
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html

Introduction

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
RDP 2019-11: China's Evolving Monetary Policy Framework in International Context 1. ... Fourth, as observed in many advanced economies in the 1970s and 1980s, we find policy rates in China to contain more leading information for asset prices and output
https://www.rba.gov.au/publications/rdp/2019/2019-11/introduction.html

Monetary Policy Transmission

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
Money base targeting in China was first employed in 1984, but started to raise concerns in the mid 2000s as the relationship between it and broader monetary aggregates started to become ... aggregates reflects idiosyncratic shocks to money demand rather
https://www.rba.gov.au/publications/rdp/2019/2019-11/monetary-policy-transmission.html

Non-technical summary for ‘China's Evolving Monetary Policy Framework in International Context’

1 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
the benefit of a reader more familiar with monetary policy frameworks in advanced economies. ... For instance, while output and bond yields in China are now more closely related to movements in policy rates than monetary aggregates (reflecting a Chinese
https://www.rba.gov.au/publications/rdp/2019/2019-11/non-technical-summary.html

The PBC's Objectives and Operational Framework

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
For most central banks, the introduction of inflation targeting followed recognition that previous monetary frameworks – where monetary aggregates or the exchange rate served as a nominal anchor – had been unsuccessful in ... Historically, the role
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-pbcs-objectives-and-operational-framework.html

The Institutional Design Framework for Monetary Policy

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
RDP 2019-11: China's Evolving Monetary Policy Framework in International Context 2. ... BoE. Remit for the Monetary Policy Committee (2018). BoJ. Conduct of Monetary Policy (2013).
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-institutional-design-framework-for-monetary-policy.html