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RBA Glossary definition for RBA

RBA – Reserve Bank of Australia. Australia's central bank, the body corporate successor to the Commonwealth Bank established in 1912; created under its new name by the Reserve Bank Act 1959.

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Is the Phillips Curve Still a Curve? Evidence from the Regions

31 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
Research Discussion Paper – RDP 2021-09 Is the Phillips Curve Still a Curve? Evidence from the Regions. James Bishop and Emma Greenland. August 2021. 1,785. KB. 631. KB. Supplementary information. inflation, labour market, monetary policy. The way
https://www.rba.gov.au/publications/rdp/2021/2021-09.html

Is the Phillips Curve Still a Curve? Evidence from the Regions

31 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
https://www.rba.gov.au/publications/rdp/2021/2021-09/sections.html

Appendix A: RBA Aggregate Wage Phillips Curve Specification, Coefficients and Implied Slope

1 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
Download the Paper 1,707. KB. The current RBA wage Phillips curve forecasting model is specified as. :. %. ... Table A1: RBA Wage Phillips Curve Model – Estimated Coefficients. Estimated on March 1998 – December 2019.
https://www.rba.gov.au/publications/rdp/2021/2021-09/appendix-a.html

Supplementary Information for RDP 2021-09: Is the Phillips Curve Still a Curve? Evidence from the Regions

31 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
Research Discussion Paper – RDP 2021-09 Is the Phillips Curve Still a Curve? Evidence from the Regions. James Bishop and Emma Greenland. August 2021. Details of the supplementary information available for this research discussion paper can be
https://www.rba.gov.au/publications/rdp/2021/2021-09/supplementary-information.html

Background on the Phillips Curve and the RBA's Modelling Approach

1 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
Background on the Phillips Curve and the RBA's Modelling Approach. James Bishop and Emma Greenland. ... Figure 3: Inflation-unemployment Trade-off in the RBA Phillips Curve Models. Model estimates.
https://www.rba.gov.au/publications/rdp/2021/2021-09/background-on-the-phillips-curve-and-the-rbas-modelling-approach.html

Robustness

1 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
In contrast, in the RBA's aggregate model, wages growth depends on both the level of the unemployment gap and the change in the unemployment rate (see Appendix A).
https://www.rba.gov.au/publications/rdp/2021/2021-09/robustness.html

Data

1 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
RDP 2021-09: Is the Phillips Curve Still a Curve? Evidence from the Regions 4. Data. James Bishop and Emma Greenland. September 2021. Download the Paper 1,707. KB. We assume that Australia can be carved up into a number of distinct local labour
https://www.rba.gov.au/publications/rdp/2021/2021-09/data.html

Conclusion

1 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
current juncture with a central forecast for the unemployment rate to fall to a four-decade low over the next few years (RBA 2021b). ... Our estimates of the slope and convexity of the Phillips curve are remarkably close to those from the RBA's current
https://www.rba.gov.au/publications/rdp/2021/2021-09/conclusion.html

Is the Phillips Curve Still a Curve? Evidence from the Regions

31 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
Figure 3: Inflation-unemployment Trade-off in the RBA Phillips Curve Models. Model estimates. ... Second, the estimation samples for the RBA models span a stable monetary policy regime.
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html

Appendix B: Local Labour Market Definitions

1 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
RDP 2021-09: Is the Phillips Curve Still a Curve? Evidence from the Regions Appendix B: Local Labour Market Definitions. James Bishop and Emma Greenland. September 2021. Download the Paper 1,707. KB. US studies often use ‘commuting zones’ to
https://www.rba.gov.au/publications/rdp/2021/2021-09/appendix-b.html