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RBA Glossary definition for aggregate supply
aggregate supply – Gross domestic product as measured by the value of goods and services produced.
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Monetary Policy Transmission
9 Dec 2019
RDP
2019-11
Figure 14: Impact of Money Supply Shock. One standard deviation shock, cumulative impulse responses. ... Conducted largely through the State Council, the formulation of aggregate supply and demand management policies is more tightly coordinated compared
https://www.rba.gov.au/publications/rdp/2019/2019-11/monetary-policy-transmission.html
China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
Conducted largely through the State Council, the formulation of aggregate supply and demand management policies is more tightly coordinated compared with other economies. ... Reserve sterilisation and capital controls were employed to reduce the impact
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
China's Evolving Monetary Policy Framework in International Context
9 Dec 2019
RDP
2019-11
arrangements. Fourth, our empirical analysis of monetary policy transmission points to both similarities and differences: while policy rates now have a larger effect than monetary aggregates on output and bond yields,
https://www.rba.gov.au/publications/rdp/2019/2019-11.html
Introduction
9 Dec 2019
RDP
2019-11
Fourth, as observed in many advanced economies in the 1970s and 1980s, we find policy rates in China to contain more leading information for asset prices and output than monetary aggregates,
https://www.rba.gov.au/publications/rdp/2019/2019-11/introduction.html
The Institutional Design Framework for Monetary Policy
9 Dec 2019
RDP
2019-11
Conducted largely through the State Council, the formulation of aggregate supply and demand management policies is more tightly coordinated compared with other economies. ... Article 5 of The PBC Law makes this clear: ‘The People's Bank of China shall
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-institutional-design-framework-for-monetary-policy.html
The PBC's Objectives and Operational Framework
9 Dec 2019
RDP
2019-11
Reserve sterilisation and capital controls were employed to reduce the impact of balance of payment flows on domestic monetary supply. ... By varying RRRs, the PBC is able to affect interbank liquidity and the supply of funds available for lending by
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-pbcs-objectives-and-operational-framework.html
Non-technical summary for ‘China's Evolving Monetary Policy Framework in International Context’
1 Dec 2019
RDP
2019-11
For instance, while output and bond yields in China are now more closely related to movements in policy rates than monetary aggregates (reflecting a Chinese financial system that is becoming more
https://www.rba.gov.au/publications/rdp/2019/2019-11/non-technical-summary.html