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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Restructuring and Reform: China 2016 | Conference – 2016
18 Mar 2016
Conferences
In short, the pace of change suggested by aggregate employment data is simply not supported by other, superior, survey data. ... In principle, there should be no aggregate effect on the size of the bank's assets, only a reduction in the rate of return.
https://www.rba.gov.au/publications/confs/2016/naughton.html
The Welfare Effects of Alternative Choices of Instruments and Targets for Macroeconomic Stabilisation Policy | Conference – 1997
21 Jul 1997
Conferences
By destabilising intertemporal consumption prices in this fashion, monetary policy tends to stabilise aggregate demand and therefore W. ... By contrast, any aggregate stabilising effects of countercyclical monetary policy are achieved at the cost of
https://www.rba.gov.au/publications/confs/1997/quiggin.html
Introduction | Conference – 2018
12 Apr 2018
Conferences
While monetary objectives are clear and verifiable, macroprudential objectives are multiple, opaque and hard to verify. ... Reference. Fraser BW (1993), ‘Some Aspects of Monetary Policy’, RBA Bulletin, April, pp 1–7.
https://www.rba.gov.au/publications/confs/2018/introduction.html
Recent Developments in Federal Reserve System Liquidity and Reserve Operations | Conference – 2008
14 Jul 2008
Conferences
Alongside these monetary policy actions, the Federal Reserve undertook a series of initiatives aimed at improving market liquidity and overall market function. ... Only a narrow set of transaction deposits within the M1 monetary aggregate currently has a
https://www.rba.gov.au/publications/confs/2008/hilton.html
It Takes More Than a Bubble to Become Japan | Conference – 2003
18 Aug 2003
Conferences
Fourth, it looks at whether monetary policy in Japan could have encouraged restructuring. ... Of course, a package combining fiscal and monetary stimulus would have been best.
https://www.rba.gov.au/publications/confs/2003/posen.html
Summaries of the Papers | Conference – 1997
21 Jul 1997
Conferences
Four broad possibilities are considered: quantity-setting systems based on the control of a monetary aggregate; final-targeting systems with an interest-rate instrument; exchange-rate or commodity standards, and a ... The prevalence of money-demand
https://www.rba.gov.au/publications/confs/1997/summaries-97.html
Discussion | Conference – 2018
12 Apr 2018
Conferences
Monetary policy in Australia affects not only the cash rate (or the policy rate) but numerous other interest rates in the economy, and these interest rates in turn affect the aggregate ... economy. While some researchers directly examine the effect of
https://www.rba.gov.au/publications/confs/2018/brassil-cheshire-muscatello-disc.html
Increased Understanding of Supply-side Economics | Conference – 2010
9 Feb 2010
Conferences
For present purposes, however, these definitions are too narrow. Broader definitions focus on the determinants of aggregate supply. ... damage incentives; and monetary and fiscal policies were altered so that inflation rates dropped sharply.
https://www.rba.gov.au/publications/confs/2010/krueger.html
Relative Price Shocks, Inflation Expectations, and the Role of Monetary Policy | Conference – 2009
17 Aug 2009
Conferences
The role that monetary policy plays in achieving this outcome continues to be debated. ... As Trichet (2009) remarked concerning the conduct of monetary policy in turbulent times:. …
https://www.rba.gov.au/publications/confs/2009/siklos.html
Property Prices and Bank Risk-taking | Conference – 2012
20 Aug 2012
Conferences
After all, M2, a common measure of the money supply, is highly correlated with aggregate credit. ... Countries with a fixed exchange rate regime simply do not have the option to use monetary policy.
https://www.rba.gov.au/publications/confs/2012/dellariccia.html