Search: original

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1–3 of 3 collapsed search results for original

RBA Glossary definition for original

original – An original time series shows the actual movements in the data over time, not seasonally adjusted.

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Time-Consistent Policy: A Survey of the Issues

1 Jan 1988 RDP 8801
Warwick J. McKibbin
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1988/8801.html

Can the Optimal Policy be Credible?

1 Jan 1988 RDP 8801
Warwick J. McKibbin
Each period the policymaker must respond to a realization of the shock as part of the policy rule formulated in the original period. ... It is therefore in the interest of the policymaker to include in the original policy objective an assessment of the
https://www.rba.gov.au/publications/rdp/1988/8801/can-the-optimal-policy-be-credible.html

The Problem of Time-Inconsistent Policies

1 Jan 1988 RDP 8801
Warwick J. McKibbin
The optimal policy response therefore changes after the wage is committed and the original policy announcement is seen to be time inconsistent. ... This illustration of the desire to renege from the announced optimal policy assumes that the wage setters
https://www.rba.gov.au/publications/rdp/1988/8801/problem-of-time-inconsistent-policies.html