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RBA Glossary definition for Treasury notes
Treasury notes – Australian Government Securities with a short term to maturity, issued at a discount to their face value with the difference (or discount) representing the return on the note. They are used primarily to meet the Government's need for within-year finance.
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How Many Jobs Did JobKeeper Keep?
23 Nov 2020
RDP
2020-07
Figure 1: Employment. Notes: (a) Shaded area represents 95 per cent confidence intervals. ... JobKeeper's contribution to employment outcomes (nor do Treasury argue that it does).
https://www.rba.gov.au/publications/rdp/2020/2020-07/full.html
Results
23 Nov 2020
RDP
2020-07
Figure 2: Employment Rate. Casual employees in February 2020. Note: (a) Shaded area represents 95 per cent confidence intervals. ... However, it is important to note that JobKeeper was announced during the period referenced by the April survey (29 March
https://www.rba.gov.au/publications/rdp/2020/2020-07/results.html
References
23 Nov 2020
RDP
2020-07
OECD (Organisation for Economic Co-operation and Development) (2020), ‘Issue Note 5: Flattening the Unemployment Curve? ... Treasury (2020b), ‘The JobKeeper Payment: Three-Month Review’, June. Treasury and ATO (2020), ‘JobKeeper Update’, Joint
https://www.rba.gov.au/publications/rdp/2020/2020-07/references.html
Introduction
23 Nov 2020
RDP
2020-07
The Treasury's (2020b) three-month review of the program used descriptive evidence to make the assessment that JobKeeper has had a material effect. ... Figure 1: Employment. Notes: (a) Shaded area represents 95 per cent confidence intervals.
https://www.rba.gov.au/publications/rdp/2020/2020-07/introduction.html
Previous Literature
23 Nov 2020
RDP
2020-07
In addition to case studies, Treasury (2020b) provided some novel empirical analysis using administrative data. ... JobKeeper's contribution to employment outcomes (nor do Treasury argue that it does).
https://www.rba.gov.au/publications/rdp/2020/2020-07/previous-literature.html
Appendix E: Alternative Identification Strategy
23 Nov 2020
RDP
2020-07
607. 41. Note: Characteristics in February for sample remaining in June 2020; employees and self-employed who arrived in the past 1–6 years. ... Notes: Monthly data are smoothed using a 12-month trailing average. (a) Arrived in Australia within the
https://www.rba.gov.au/publications/rdp/2020/2020-07/appendix-e.html
Robustness and Potential Biases
23 Nov 2020
RDP
2020-07
Note: Away from work for more than four weeks and not paid in last four weeks. ... Notes: Hours are set to zero for those who are unemployed or not in the labour force.
https://www.rba.gov.au/publications/rdp/2020/2020-07/robustness-and-potential-biases.html
Appendix B: Additional Details on the Model
23 Nov 2020
RDP
2020-07
To see this, note that the set-up with a binary treatment and binary instrument lends itself to the Wald IV estimator:. ... The number of JobKeeper recipients by industry is from Treasury (2020b, p 43), which we adjust (proportionally) so that industry
https://www.rba.gov.au/publications/rdp/2020/2020-07/appendix-b.html
The JobKeeper Payment
23 Nov 2020
RDP
2020-07
The authors note that ‘[o]f the more than fifty countries that have introduced emergency wage subsidies over the course of the pandemic, none paid a single rate to all eligible ... Cassells and Duncan (2020) note that most international wage subsidy
https://www.rba.gov.au/publications/rdp/2020/2020-07/the-jobkeeper-payment.html