Search: monetary policy

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1–8 of 8 collapsed search results for monetary policy

RBA Glossary definition for monetary policy

monetary policy – monetary policy involves using interest rates to influence aggregate demand, employment and inflation in the economy.

Search Results

Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market

1 Jun 2006 RDP 2006-05
Kristoffer Nimark
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2006/2006-05.html

The Macroeconomy, the Term Structure and Monetary Policy Under Imperfect Information

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market 2. ... Variables that are not observable but relevant for monetary policy have to be inferred from the variables that are observable.
https://www.rba.gov.au/publications/rdp/2006/2006-05/macroeconomy-term-structure-and-monetary-policy-under-imperfect-information.html

Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market

1 Jun 2006 RDP 2006-05
Kristoffer Nimark
Research Discussion Paper – RDP 2006-05 Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market.
https://www.rba.gov.au/publications/rdp/2006/2006-05/

References

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market References. ... Ellingsen T and U Söderström (2001), ‘Monetary policy and market interest rates’, American Economic Review, 91(5), pp 1594–1607.
https://www.rba.gov.au/publications/rdp/2006/2006-05/references.html

Conclusions

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market 4. ... structure appears to be more noisy and less informative for the monetary policy process.
https://www.rba.gov.au/publications/rdp/2006/2006-05/conclusions.html

Introduction

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market 1. ... The negative correlation between short interest rates and future output is hardly surprising, given the evidence of the real effects of monetary policy.
https://www.rba.gov.au/publications/rdp/2006/2006-05/introduction.html

Appendix A: The Model

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market Appendix A: The Model.
https://www.rba.gov.au/publications/rdp/2006/2006-05/appendix-a.html

The Dynamics of the Estimated Model

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market 3. ... The responses of monetary policy to these non-fundamental shocks in turn explains 10 per cent of the variance of output.
https://www.rba.gov.au/publications/rdp/2006/2006-05/dynamics-of-the-estimated-model.html