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RBA Glossary definition for Nominal interest rate

Nominal interest rate – The nominal interest rate refers to the cost of borrowing money before adjustment for inflation i.e. it includes compensation for the expected erosion of the value of the borrowed funds due to inflation. It is the cost visible to the borrower, and is composed of the real interest rate plus inflation.

RBA Glossary definition for interest rate

interest rate – The term used to describe the cost of borrowing money or the return to the owner of the funds which are invested or lent out. It is usually expressed as a percent per annum of the amount of money borrowed, lent or invested.

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Appendix D: Glossary and Data

1 Jun 2000 RDP 2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
Definition:. Nominal GDP weighted-average of short-term policy interest rates of the US, Germany and Japan (G3) less four-quarter-ended core inflation in each country. ... Source:. Interest rates: Reserve Bank of Australia Bulletin, Table F.11. For the
https://www.rba.gov.au/publications/rdp/2000/2000-05/appendix-d.html

Overview

1 Jun 2000 RDP 2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
Real interest rates, which appear in the equations for output and the real exchange rate, are calculated using past inflation to deflate nominal interest rates. ... The real exchange rate is determined by the terms of trade and the differential between
https://www.rba.gov.au/publications/rdp/2000/2000-05/overview.html

Simulations

1 Jun 2000 RDP 2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
The real exchange rate appreciates to a new long-run level in response to higher domestic real interest rates (not shown), while the nominal exchange rate continues to appreciate as domestic ... Since real interest rates are kept constant by assumption,
https://www.rba.gov.au/publications/rdp/2000/2000-05/simulations.html

Appendix B: Testing for a Structural Break

1 Jun 2000 RDP 2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
0.430). Real interest rate differential (lag 1). 0.590. (0.252). 0.734. (0.340). ... 74.013). Change in the nominal exchange rate (lag 0). 0.657. (0.030).
https://www.rba.gov.au/publications/rdp/2000/2000-05/appendix-b.html

The Steady State and Potential Output

1 Jun 2000 RDP 2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
per cent per annum. The world (G3) real short-term interest rate is assumed to equal its average over the period 1985:Q1–1999:Q3. ... a). Δθ. t. The real exchange rate is constant in the steady state because the terms of trade and real interest rate
https://www.rba.gov.au/publications/rdp/2000/2000-05/steady-state-and-potential-output.html

Introduction

1 Jun 2000 RDP 2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
It is primarily of interest for examining macroeconomic developments – including the effects of monetary policy on the economy – over the short to medium run; that is, for perhaps one to three ... The model consists of five estimated equations. Two
https://www.rba.gov.au/publications/rdp/2000/2000-05/introduction.html