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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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Data Appendix

1 Sep 1991 RDP 9108
David W.R. Gruen and Jenny Wilkinson
Real interest rates are calculated by adjusting annualised nominal interest rates for annualised inflationary expectations. ... Short Nominal Interest Rates. US, UK, Japan and Germany – 3 month Eurocurrency rates taken at last trading day of month from
https://www.rba.gov.au/publications/rdp/1991/9108/data-appendix.html

Methodology

1 Sep 1991 RDP 9108
David W.R. Gruen and Jenny Wilkinson
where. k. R. t. is the domestic real interest rate of maturity k at period t, and. ... Mishkin (1987) agrees with their conclusions and states even more strongly that “research on the linkage between real interest rates and the exchange rate based on
https://www.rba.gov.au/publications/rdp/1991/9108/methodology.html

Introduction

1 Sep 1991 RDP 9108
David W.R. Gruen and Jenny Wilkinson
RDP 9108: Australia's Real Exchange Rate – Is it Explained by the Terms of Trade or by Real Interest Differentials? ... In this paper we assess empirically whether, over the time periods we consider, Australia's real exchange rate is explained by the
https://www.rba.gov.au/publications/rdp/1991/9108/introduction.html

References

1 Sep 1991 RDP 9108
David W.R. Gruen and Jenny Wilkinson
Campbell, J.Y. and R.H. Clarida (1987), “The Dollar and Real Interest Rates”, Carnegie-Rochester Conference Series on Public Policy, 27: 103–140. ... Mishkin, F.S. (1987), “The Dollar and Real Interest Rates: A Comment”, Carnegie-Rochester
https://www.rba.gov.au/publications/rdp/1991/9108/references.html

Discussion and Conclusions

1 Sep 1991 RDP 9108
David W.R. Gruen and Jenny Wilkinson
increase of 1 percentage point in the differential between Australian and world long real interest rates is associated with an appreciation of the Australian real exchange rate of about 2 to ... These different roles for short interest rates presumably
https://www.rba.gov.au/publications/rdp/1991/9108/discussion-and-conclusions.html