Search: RBA
RBA Glossary definition for RBA
RBA – Reserve Bank of Australia. Australia's central bank, the body corporate successor to the Commonwealth Bank established in 1912; created under its new name by the Reserve Bank Act 1959.
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Anticipatory Monetary Policy and the ‘Price Puzzle’
22 May 2017
RDP
2017-02
Research Discussion Paper – RDP 2017-02 Anticipatory Monetary Policy and the ‘Price Puzzle’. James Bishop and Peter Tulip. May 2017. 2.10. MB. inflation, modelling, monetary policy. Vector autoregression (VAR) models often find that inflation
https://www.rba.gov.au/publications/rdp/2017/2017-02.html
Data for RDP 2017-02: Anticipatory Monetary Policy and the ‘Price Puzzle’
22 May 2017
RDP
2017-02
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2017/2017-02-data.html
Introduction
29 May 2017
RDP
2017-02
Several of the RBA papers cited above also show price puzzles, which is unsurprising, given that the specifications are often similar to the one used in Figure 1. ... In Section 2.1, we provide empirical evidence that the RBA responds in this way to the
https://www.rba.gov.au/publications/rdp/2017/2017-02/introduction.html
Anticipatory Monetary Policy and the ‘Price Puzzle’
1 May 2017
RDP
2017-02
Research Discussion Paper – RDP 2017-02 Anticipatory Monetary Policy and the ‘Price Puzzle’. James Bishop and Peter Tulip. May 2017. 2.10. MB. We would like to thank Anthony Brassil, Efrem Castelnuovo, Christian Gillitzer, Jarkko Jääskelä,
https://www.rba.gov.au/publications/rdp/2017/2017-02/sections.html
Appendix A: Details of the VAR
29 May 2017
RDP
2017-02
Commodity prices: Index of commodity prices in US dollars (RBA statistical table I2 Commodity Prices). ... Real trade-weighted index: The real trade-weighted exchange rate index (RBA statistical table F15 Real Exchange Rate Measures).
https://www.rba.gov.au/publications/rdp/2017/2017-02/appendix-a.html
Appendix B: Additional Results
29 May 2017
RDP
2017-02
Sources: ABS; Authors' calculations; RBA.
https://www.rba.gov.au/publications/rdp/2017/2017-02/appendix-b.html
Appendix C: Forecast Data and Alternative Specifications
29 May 2017
RDP
2017-02
Our baseline specification uses RBA forecasts, as documented by Tulip and Wallace (2012). ... The advantage of Consensus forecasts relative to official RBA forecasts is that the former are actively updated every month, while the RBA only undertakes a
https://www.rba.gov.au/publications/rdp/2017/2017-02/appendix-c.html
Anticipatory Monetary Policy and the ‘Price Puzzle’
1 May 2017
RDP
2017-02
Source: RBA. In Section 3 we consider some alternative specifications that make different timing assumptions about the forecasts. ... In practice, however, Tulip and Wallace (2012) showed that Consensus forecasts have very similar properties to RBA
https://www.rba.gov.au/publications/rdp/2017/2017-02/full.html
References
29 May 2017
RDP
2017-02
Berkelmans L (2005), ‘Credit and Monetary Policy: An Australian SVAR’, RBA Research Discussion Paper No 2005-06. ... Gerard H and K Nimark (2008), ‘Combining Multivariate Density Forecasts Using Predictive Criteria’, RBA Research Discussion Paper
https://www.rba.gov.au/publications/rdp/2017/2017-02/references.html
What's Going on?
29 May 2017
RDP
2017-02
It does not seem likely that RBA forecasts systematically failed to detect inflationary pressures on average over the inflation-targeting period. ... Tulip and Wallace (2012, Section 4.3) report that RBA forecasts of inflation have been more accurate
https://www.rba.gov.au/publications/rdp/2017/2017-02/whats-going-on.html