Search: 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
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
3 Jan 2023
RDP
2022-09
the monetary policy reaction function, and the relationship between the monetary policy shock and a proxy for this shock. ... Some sets of identifying restrictions are not particularly informative about the effects of monetary policy.
https://www.rba.gov.au/publications/rdp/2022/2022-09.html
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
3 Jan 2023
RDP
2022-09
These restrictions are consistent with monetary policy rules that are typically embedded in macroeconomic models. ... This suggests that the proxy and monetary policy shock are fairly weakly correlated.
https://www.rba.gov.au/publications/rdp/2022/2022-09/full.html
Conclusion
3 Jan 2023
RDP
2022-09
RDP 2022-09: Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions 6. ... reaction function, and the relationship between a proxy for the monetary policy shock and the shock itself.
https://www.rba.gov.au/publications/rdp/2022/2022-09/conclusion.html
Appendix B: Data
3 Jan 2023
RDP
2022-09
RDP 2022-09: Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions Appendix B: Data. ... Federal Reserve Bank of St. Louis, FRED database (identifier FEDFUNDS). Proxy for monetary policy shock.
https://www.rba.gov.au/publications/rdp/2022/2022-09/appendix-b.html
Framework
3 Jan 2023
RDP
2022-09
RDP 2022-09: Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions 2. ... ϕ. ). The impulse responses to a monetary policy shock are obtained from the coefficients of the vector moving average
https://www.rba.gov.au/publications/rdp/2022/2022-09/framework.html
Robustness Exercises
3 Jan 2023
RDP
2022-09
it is more difficult to identify monetary policy shocks and their effects (e.g. ... Additionally, given this mandate, the response of unemployment to a monetary policy shock is of interest.
https://www.rba.gov.au/publications/rdp/2022/2022-09/robustness-exercises.html
Introduction
3 Jan 2023
RDP
2022-09
Second, I consider imposing additional sign restrictions based on an existing ‘proxy’ for the monetary policy shock. ... More broadly, this paper complements previous attempts to estimate the effects of monetary policy in Australia.
https://www.rba.gov.au/publications/rdp/2022/2022-09/introduction.html
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
3 Jan 2023
RDP
2022-09
Research Discussion Paper – RDP 2022-09 Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions.
https://www.rba.gov.au/publications/rdp/2022/2022-09/sections.html
Read me file
3 Jan 2023
RDP
2022-09
RDP 2022-09: Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions Read me file.
https://www.rba.gov.au/publications/rdp/2022/2022-09/read-me.html
The Effects of a 100 Basis Point Monetary Policy Shock
3 Jan 2023
RDP
2022-09
RDP 2022-09: Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions 4. ... The horizon-h impulse response of variable i to a 100 basis point monetary policy shock is.
https://www.rba.gov.au/publications/rdp/2022/2022-09/the-effects-of-a-100-basis-point-monetary-policy-shock.html