Search: 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
Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
12 May 2023
RDP
2023-04
interest rates, monetary policy, COVID-19. Understanding the effects of monetary policy and its communication is crucial for a central bank. ... of monetary policy, specifically: current policy action; signalling or forward guidance about future rates;
https://www.rba.gov.au/publications/rdp/2023/2023-04.html
References
12 May 2023
RDP
2023-04
Beckers B (2020), ‘Credit Spreads, Monetary Policy and the Price Puzzle’, RBA Research Discussion Paper No 2020-01. ... Berkelmans L (2005), ‘Credit and Monetary Policy: An Australian SVAR’, RBA Research Discussion Paper No 2005-06.
https://www.rba.gov.au/publications/rdp/2023/2023-04/references.html
The Effects of Monetary Policy Shocks
12 May 2023
RDP
2023-04
This remains the case when we use only the non-monetary policy announcement events. ... housing market, a pure monetary policy shock that would weigh on macroeconomic outcomes.
https://www.rba.gov.au/publications/rdp/2023/2023-04/the-effects-of-monetary-policy-shocks.html
Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
1 Apr 2023
RDP
2023-04
However, it can be difficult to quantitatively assess the effects of monetary policy. ... housing market, a pure monetary policy shock that would weigh on macroeconomic outcomes.
https://www.rba.gov.au/publications/rdp/2023/2023-04/full.html
Conclusion
12 May 2023
RDP
2023-04
RDP 2023-04: Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? ... It produces an intuitive lens through which to examine and understand monetary policy and its communication and provides a
https://www.rba.gov.au/publications/rdp/2023/2023-04/conclusion.html
Appendix A: Affine Term Structure Model
12 May 2023
RDP
2023-04
RDP 2023-04: Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication?
https://www.rba.gov.au/publications/rdp/2023/2023-04/appendix-a.html
Appendix B: Additional Results
12 May 2023
RDP
2023-04
RDP 2023-04: Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication?
https://www.rba.gov.au/publications/rdp/2023/2023-04/appendix-b.html
Non-technical summary for ‘Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication?…
12 May 2023
RDP
2023-04
RDP 2023-04: Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? ... For example, it shows that:. Speeches, the Board minutes and the Statement on Monetary Policy affect people's expectations
https://www.rba.gov.au/publications/rdp/2023/2023-04/non-technical-summary.html
Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
1 Apr 2023
RDP
2023-04
https://www.rba.gov.au/publications/rdp/2023/2023-04/sections.html
Related Literature
12 May 2023
RDP
2023-04
More recently, papers have tried to identify monetary policy shocks using other types of data. ... Overall, they find that Action shocks affect the economy like textbook monetary policy shocks.
https://www.rba.gov.au/publications/rdp/2023/2023-04/related-literature.html