Search: monetary policy

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1–10 of 11 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

The Implications of Uncertainty for Monetary Policy

1 Nov 1999 RDP 1999-10
Geoffrey Shuetrim and Christopher Thompson
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1999/1999-10.html

The Implications of Uncertainty for Monetary Policy

1 Nov 1999 RDP 1999-10
Geoffrey Shuetrim and Christopher Thompson
Research Discussion Paper – RDP 1999-10 The Implications of Uncertainty for Monetary Policy. ... Geoffrey Shuetrim and Christopher Thompson. November 1999. 382. KB. An earlier version of this paper was presented at the Reserve Bank of New Zealand
https://www.rba.gov.au/publications/rdp/1999/1999-10/

Conclusion

1 Nov 1999 RDP 1999-10
Geoffrey Shuetrim and Christopher Thompson
In the context of any specific model, it is an empirical issue to determine the exact implications of parameter uncertainty for monetary policy. ... In this paper we have not sought to argue that conservative monetary policy is not optimal.
https://www.rba.gov.au/publications/rdp/1999/1999-10/conclusion.html

Appendix A: Generalising the Optimal Policy Problem

1 Nov 1999 RDP 1999-10
Geoffrey Shuetrim and Christopher Thompson
RDP 1999-10: The Implications of Uncertainty for Monetary Policy Appendix A: Generalising the Optimal Policy Problem. ... Download the Paper 382. KB. In this appendix, we generalise Brainard's (1967) solution to the optimal policy problem for a monetary
https://www.rba.gov.au/publications/rdp/1999/1999-10/appendix-a.html

References

1 Nov 1999 RDP 1999-10
Geoffrey Shuetrim and Christopher Thompson
Lowe (ed.), Monetary Policy and Inflation Targeting, Reserve Bank of Australia, Sydney, pp. ... 1998/50. Sack, B. (1997), ‘Uncertainty and Gradual Monetary Policy’, Massachusetts Institute of Technology, mimeo.
https://www.rba.gov.au/publications/rdp/1999/1999-10/references.html

An Economic Model

1 Nov 1999 RDP 1999-10
Geoffrey Shuetrim and Christopher Thompson
RDP 1999-10: The Implications of Uncertainty for Monetary Policy 3. An Economic Model. ... While optimal policy is certainly sensitive to the choice of weights, they do not affect the qualitative implications of parameter uncertainty for monetary policy.
https://www.rba.gov.au/publications/rdp/1999/1999-10/economic-model.html

Introduction

1 Nov 1999 RDP 1999-10
Geoffrey Shuetrim and Christopher Thompson
RDP 1999-10: The Implications of Uncertainty for Monetary Policy 1. Introduction. ... Section 7 concludes and summarises the practical implications for monetary policy.
https://www.rba.gov.au/publications/rdp/1999/1999-10/introduction.html

Sources of Forecast Uncertainty

1 Nov 1999 RDP 1999-10
Geoffrey Shuetrim and Christopher Thompson
RDP 1999-10: The Implications of Uncertainty for Monetary Policy 2. Sources of Forecast Uncertainty. ... Resolving the implications of parameter uncertainty for monetary policy then becomes an empirical issue.
https://www.rba.gov.au/publications/rdp/1999/1999-10/sources-of-forecast-uncertainty.html

Optimal Policy Ignoring Parameter Uncertainty

1 Nov 1999 RDP 1999-10
Geoffrey Shuetrim and Christopher Thompson
RDP 1999-10: The Implications of Uncertainty for Monetary Policy 4. Optimal Policy Ignoring Parameter Uncertainty. ... This section highlights the consequences for monetary policy when the policy-maker assumes that these point estimates accurately
https://www.rba.gov.au/publications/rdp/1999/1999-10/optimal-policy-ignoring-parameter-uncertainty.html

Optimal Policy Acknowledging Parameter Uncertainty

1 Nov 1999 RDP 1999-10
Geoffrey Shuetrim and Christopher Thompson
RDP 1999-10: The Implications of Uncertainty for Monetary Policy 6. Optimal Policy Acknowledging Parameter Uncertainty. ... When computing the naive optimal policy response, it is necessary to specify the parameter vector that the monetary authority
https://www.rba.gov.au/publications/rdp/1999/1999-10/optimal-policy-acknowledging-parameter-uncertainty.html