Search: 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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The Impact of Unconventional Monetary Policy on the Overnight Interbank Market | Conference – 2013
19 Aug 2013
Conferences
But where will they exit to in terms of monetary policy implementation (Cœuré 2013b)? ... Hence, the aggregate volume is given by. We illustrate the model in the example below.
https://www.rba.gov.au/publications/confs/2013/bech-monnet.html
Introduction | Conference – 1997
21 Jul 1997
Conferences
Most monetary-policy frameworks, or systems, are underpinned by some form of inflation objective. ... But other systems also have (sometimes implicit) inflation objectives. For example, in a system based on monetary aggregates, there is a target for
https://www.rba.gov.au/publications/confs/1997/intro-97.html
The Labour Market | Conference – 1990
21 Jun 1990
Conferences
The above is true also for some of the major aggregates, an example being that of age breakdowns. ... Before exploring the theoretical debate, it is useful to examine the aggregate data over the 1980s.
https://www.rba.gov.au/publications/confs/1990/chapman.html
Fifty Years of Monetary Policy: What Have We Learned? | Conference – 2010
9 Feb 2010
Conferences
But given the positive relationship between the growth rate of monetary aggregates and inflation across countries, as illustrated in Figure 2, and within countries in the lead-up to and during ... Even those countries with the strongest anti-inflationary
https://www.rba.gov.au/publications/confs/2010/cagliarini-kent-stevens.html
Housing in Australia in the 2000s: On the Agenda Too Late? | Conference – 2011
24 Jul 2000
Conferences
Debates over whether policy in general, and monetary policy in particular, should respond to significant changes in asset prices followed. ... Aggregate econometric analyses, however, can only give some insights into the factors that affect house prices.
https://www.rba.gov.au/publications/confs/2011/yates.html
Twenty-five Years of Inflation Targeting in Australia | Conference – 2018
12 Apr 2018
Conferences
Monetary policy was tightened to contain the rise in inflation as the Australian economy was overheating. ... Fraser BW (1993), ‘Some Aspects of Monetary Policy’, RBA Bulletin, April, pp 1–7.
https://www.rba.gov.au/publications/confs/2018/debelle.html
The Key Obstacles to Success in Economic Catching Up by China | Conference – 2016
18 Mar 2016
Conferences
The 2015 growth rate of 6.9 per cent was below the target of 7 per cent and, in April 2016, the International Monetary Fund (IMF) predicted that China's growth ... The strategy of using non-profit-maximising state-controlled production and financial
https://www.rba.gov.au/publications/confs/2016/woo.html
Discussion | Conference – 2018
12 Apr 2018
Conferences
One simple example of when a purely forward-looking decision procedure for monetary policy is not the best policy arises when aggregate supply is affected by cost-push shocks (that is, ... In this case, optimal monetary policy will be history dependent,
https://www.rba.gov.au/publications/confs/2018/archer-levin-disc.html
The Exchange Rate and Macroeconomic Policy in Australia | Conference – 1993
12 Jul 1993
Conferences
G and monetary changes will not affect real variables. As the model stands, aggregate demand shifts, such as those induced by fiscal policy, have no effect on real variables. ... 3. Monetary Independence. Views differ as to the value of monetary policy
https://www.rba.gov.au/publications/confs/1993/pitchford.html
Change and Constancy in the Financial System: Implications for Financial Distress and Policy | Conference – 2007
20 Aug 2007
Conferences
Support from monetary policy can help overcome one of the limitations of prudential instruments. ... By contrast, the monetary policy levers, given their pervasive impact, can be more effective.
https://www.rba.gov.au/publications/confs/2007/borio.html