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
The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
1 Feb 2020
RDP
2020-02
This information could be important to take into account when setting monetary policy. ... β. i. ). is that monetary policy does not respond to local housing shocks. (.
https://www.rba.gov.au/publications/rdp/2020/2020-02/full.html
The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
17 Feb 2020
RDP
2020-02
Research Discussion Paper – RDP 2020-02 The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets. ... Taken together, this suggests that the state of the economy can affect the sensitivity of housing prices to monetary policy.
https://www.rba.gov.au/publications/rdp/2020/2020-02.html
Heterogeneity in the Sensitivity of Local Housing Prices to Monetary Policy
14 Feb 2020
RDP
2020-02
Specifically, investor-dense regions appear to be more sensitive to changes in monetary policy. ... Third, regions with relatively high average incomes display stronger responses to monetary policy.
https://www.rba.gov.au/publications/rdp/2020/2020-02/heterogeneity-in-the-sensitivity-of-local-housing-prices-to-monetary-policy.html
The Distributional Effects of Monetary Policy on Housing Wealth
14 Feb 2020
RDP
2020-02
This is to prevent endogenous changes in price groups driven by monetary policy. ... The differential effects of monetary policy changes on housing prices appear to be temporary.
https://www.rba.gov.au/publications/rdp/2020/2020-02/the-distributional-effects-of-monetary-policy-on-housing-wealth.html
Data
14 Feb 2020
RDP
2020-02
RDP 2020-02: The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets 3. ... The sample period roughly aligns with the introduction of inflation targeting in Australia, so our analysis should not be affected by changes in
https://www.rba.gov.au/publications/rdp/2020/2020-02/data.html
Introduction
14 Feb 2020
RDP
2020-02
This information could be important to take into account when setting monetary policy. ... 2019). We then directly study the effects of monetary policy on housing wealth inequality.
https://www.rba.gov.au/publications/rdp/2020/2020-02/introduction.html
Appendix A: Data Description
14 Feb 2020
RDP
2020-02
RDP 2020-02: The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets Appendix A: Data Description.
https://www.rba.gov.au/publications/rdp/2020/2020-02/appendix-a.html
Robustness Tests
14 Feb 2020
RDP
2020-02
Following Romer and Romer (2004), we estimate a series of monetary policy ‘shocks’. ... Substituting the monetary policy shocks. (. ε. t. m. ). in place for cash rate changes. (.
https://www.rba.gov.au/publications/rdp/2020/2020-02/robustness-tests.html
The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
1 Feb 2020
RDP
2020-02
Research Discussion Paper – RDP 2020-02 The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets.
https://www.rba.gov.au/publications/rdp/2020/2020-02/sections.html
Appendix B: Kendall and Tulip
14 Feb 2020
RDP
2020-02
RDP 2020-02: The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets Appendix B: Kendall and Tulip.
https://www.rba.gov.au/publications/rdp/2020/2020-02/appendix-b.html