Search: fiscal transparency
RBA Glossary definition for fiscal transparency
fiscal transparency – The facility which enables investors and other interested parties to satisfy themselves as to the nature and quality of the decision process pursued by policy-makers in government or the corporate entity concerned. One of the 12 key standards identified by the Financial Stability Forum as the minimum required for good practice in sound financial systems. Fiscal transparency strengthens accountability of the government and decreases the risk of maintaining unsustainable policies.
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Central Bank Communication: One Size Does Not Fit All
24 May 2021
RDP
2021-05
machine learning, modelling, monetary policy. High-quality central bank communication can improve the effectiveness of monetary policy and is an essential element in providing greater central bank transparency. ... We focus on how different audiences
https://www.rba.gov.au/publications/rdp/2021/2021-05.html
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Simulation Properties
1 Apr 1989
RDP
8901
dollar. Table 7 : Sustained 1% GNP U.S. Fiscal Expansion. (Deviation from Baseline). ... fiscal action. If foreign wages and prices are fixed, then the U.S.
https://www.rba.gov.au/publications/rdp/1989/8901/simulation-properties.html
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Macrofinancial Stress Testing on Australian Banks
20 Sep 2022
RDP
2022-03
It is designed with a focus on understanding systemic vulnerabilities and a philosophy of prioritising transparency over complexity.
https://www.rba.gov.au/publications/rdp/2022/2022-03.html
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Smells Like Animal Spirits: The Effect of Corporate Sentiment on Investment
30 Nov 2021
RDP
2021-11
Research Discussion Paper – RDP 2021-11 Smells Like Animal Spirits: The Effect of Corporate Sentiment on Investment. Gianni La Cava. November 2021. 1.65. MB. 1. Corporate Sentiment, Animal Spirits and Investment. ‘We should not conclude from
https://www.rba.gov.au/publications/rdp/2021/2021-11/full.html
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Financial Conditions and Downside Risk to Economic Activity in Australia
23 Mar 2021
RDP
2021-03
2020). While this is likely due in part to the significant policy responses by central banks, fiscal authorities and financial system supervisors, it also reflects the improved resilience of the financial
https://www.rba.gov.au/publications/rdp/2021/2021-03/full.html
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Non-technical summary for ‘Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data’
15 Feb 2024
RDP
2024-01
Because macroeconomic policy, such as monetary or fiscal policy, can influence economic conditions, it may play a very important role in limiting such scarring and, more generally, could have long-lasting
https://www.rba.gov.au/publications/rdp/2024/2024-01/non-technical-summary.html
References
10 Nov 2022
RDP
2022-06
Kreiner CT, DD Lassen, and S Leth-Petersen (2019), ‘Liquidity Constraint Tightness and Consumer Responses to Fiscal Stimulus Policy’, American Economic Journal: Economic Policy, 11(1), pp 351–379.
https://www.rba.gov.au/publications/rdp/2022/2022-06/references.html
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How Many Jobs Did JobKeeper Keep?
2 Dec 2020
RDP
PDF
1843KB
b) Based on Treasury estimates of effect of fiscal measures on employment.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-07.pdf
How Risky is Australian Household Debt?
25 Aug 2020
RDP
2020-05
Our framework is partial equilibrium and thus does not directly capture potential effects of monetary and fiscal stimulus (except for higher unemployment benefits when an individual loses their job).
https://www.rba.gov.au/publications/rdp/2020/2020-05/full.html
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Smells Like Animal Spirits: The Effect of Corporate Sentiment on Investment
25 Nov 2021
RDP
PDF
1696KB
Smells Like Animal Spirits: The Effect of Corporate Sentiment on Investment. Gianni La Cava. Research Discussion Paper. R DP 2021-11. Figures in this publication were generated using Mathematica. ISSN 1448-5109 (Online). The Discussion Paper series
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-11.pdf