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1–6 of 6 collapsed search results for money market

RBA Glossary definition for money market

money market – The market which deals in short-term discount securities such as Treasury notes, bank bills and promissory notes. Major participants in this market include the Reserve Bank of Australia, banks, superannuation funds, insurance companies, investment trusts, investment banks, building societies and large corporates.

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The Underlying Model

1 Aug 1986 RDP 8611
Jeffrey R. Sheen
Alternatively, and equivalently in this model, the price level will maintain continuous equilibrium in the money market. ... When m. d. =m is imposed in Sections 3 and 4, we can generally describe money market equilibrium by (using (4)).
https://www.rba.gov.au/publications/rdp/1986/8611/underlying-model.html

Conclusions

1 Aug 1986 RDP 8611
Jeffrey R. Sheen
A surprising result of this paper is that the supply-side effectiveness can only exist in a model where goods markets always clear. ... Supply-side effectiveness is lost if goods and money markets do not clear instantaneously.
https://www.rba.gov.au/publications/rdp/1986/8611/conclusions.html

A Model of Money Finance and Flexible Prices

1 Aug 1986 RDP 8611
Jeffrey R. Sheen
Real money balances are not predetermined because the price level is free to jump to ensure continuous money market equilibrium. ... through (15). Money demand will be rising with output in the future, and hence.
https://www.rba.gov.au/publications/rdp/1986/8611/model-of-money-finance-and-flexible-prices.html

The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts

1 Aug 1986 RDP 8611
Jeffrey R. Sheen
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1986/8611.html

Stickiness in Goods Prices

1 Aug 1986 RDP 8611
Jeffrey R. Sheen
One generalisation disaggregates the goods market into a flexible price and a sluggish price sector. ... An alternative solution (but more difficult than the model suggests) would be to engineer a fall in real money balances (via open market operations)
https://www.rba.gov.au/publications/rdp/1986/8611/stickiness-in-goods-prices.html

Introduction

1 Aug 1986 RDP 8611
Jeffrey R. Sheen
A debt gap is created which will be matched by an inflation gap provided the goods market clears. ... In Section 3, fiscal deficits are financed only by money while Section 4 introduces debt.
https://www.rba.gov.au/publications/rdp/1986/8611/introduction.html