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RBA Glossary definition for central bank
central bank – A non-commercial bank, which may or may not be independent of government, which has some or all of the following functions: conduct monetary policy; oversee the stability of the financial system; issue currency notes; act as banker to the government; supervise financial institutions and regulate payments systems.
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The Model – Main Features
9 Dec 2008
RDP
2008-07
The central bank sets the nominal interest rate. and we approximate its decision-making process with a flexible Taylor-type rule. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal
https://www.rba.gov.au/publications/rdp/2008/2008-07/mod-main-features.html
References
9 Dec 2008
RDP
2008-07
Medina JP and C Soto (2007), ‘The Chilean Business Cycles through the Lens of a Stochastic General Equilibrium Model’, Central Bank of Chile Working Paper No 457. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of
https://www.rba.gov.au/publications/rdp/2008/2008-07/references.html
Introduction
9 Dec 2008
RDP
2008-07
For instance, at the central banks of Canada, Finland, Norway, Sweden and the United Kingdom, DSGE models play an important role in support of their forecasts and policy analysis. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The
https://www.rba.gov.au/publications/rdp/2008/2008-07/introduction.html