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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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Financial Stability: Ten Questions and about Seven Answers | Conference – 2010
9 Feb 2010
Conferences
One of them, I believe, is the rigour with which rules were enforced. ... Fourth, new mutual assessment processes will ensure that internationally agreed rules are enforced in all jurisdictions.
https://www.rba.gov.au/publications/confs/2010/caruana.html
The Evolution of Monetary Policy: From Money Targets to Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
Who set the rule – the Bank or the Government? Second, how did the Bank view the transmission of monetary policy? ... In terms of rules, money was an intermediate target, but the ultimate target was inflation.
https://www.rba.gov.au/publications/confs/1997/grenville.html
Which Monetary-policy Regime for Australia? | Conference – 1997
21 Jul 1997
Conferences
Both rules should really be called the BHM rule but actually significantly predate that identification. ... or I will refer to this class of rules generically as the BHM rule.
https://www.rba.gov.au/publications/confs/1997/mckibbin.html
Designing Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
Such a feedback rule encapsulates quite neatly the operational practice of most inflation targeters. ... Finally, what if the transmission lag is underestimated by one period, giving a policy rule,.
https://www.rba.gov.au/publications/confs/1997/haldane.html
Panel Discussion on Fifty Years of Monetary Policy: What Have We Learned? | Conference – 2010
9 Feb 2010
Conferences
We have often described our approach as being ‘rule-based, but not rule-bound’. ... But the flexibility accorded by a ‘rule-based, but not rule-bound’ approach can be oriented in other directions.
https://www.rba.gov.au/publications/confs/2010/cagliarini-kent-stevens-disc.html
The Key Obstacles to Success in Economic Catching Up by China | Conference – 2016
18 Mar 2016
Conferences
But if the downward trend of 2011–18 were to continue instead of stabilising at 6 per cent from 2018 onward, could one rule out the scenario that China's growth ... distribution) and good governance (rule of law) are both necessary to ensure the
https://www.rba.gov.au/publications/confs/2016/woo.html
Financial-asset Prices and Monetary Policy: Theory and Evidence | Conference – 1997
21 Jul 1997
Conferences
Recently, a number of authors have criticised the use of asset prices in feedback rules of monetary policy. ... the inflation target and. the current output gap. This target rule is a generalisation of the type of simple interest-rate rules proposed by
https://www.rba.gov.au/publications/confs/1997/smets.html
Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? | Conference – 2003
18 Aug 2003
Conferences
Two general classes of simple rules are employed. Either an augmented Taylor rule:. ... One might then go on to consider whether particular simple rules represent sufficiently close approximations to the optimal rule to be useful guideposts for policy.
https://www.rba.gov.au/publications/confs/2003/bean.html
It Takes More Than a Bubble to Become Japan | Conference – 2003
18 Aug 2003
Conferences
This dispute turns on the definition of a policy rule for the inflation-targeting central bank, and the information content of asset prices for inflation and output beyond factors normally considered. ... on its own terms would have led to rate increases
https://www.rba.gov.au/publications/confs/2003/posen.html
What the FOMC Says and Does When the Stock Market Booms | Conference – 2003
18 Aug 2003
Conferences
Table 1: Augmented Taylor Rule for the US. 1990:Q1 to 2003:Q1. ... Policy rule. Inflation gap β. Π. Output gap β. y. Equity market bubble.
https://www.rba.gov.au/publications/confs/2003/cecchetti.html