Search: aggregate demand

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1–7 of 7 collapsed search results for aggregate demand

RBA Glossary definition for aggregate demand

aggregate demand – Gross domestic product as measured by the sum of final expenditure on goods and services produced.

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Money Demand, Own Interest Rates and Deregulation

1 May 1987 RDP 8703
Adrian Blundell-Wignall and Susan Thorp
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1987/8703.html

Introduction

1 May 1987 RDP 8703
Adrian Blundell-Wignall and Susan Thorp
The most basic issue is whether the demand for the aggregate is stable. ... A second issue is whether control of monetary aggregates is sufficient to stabilise nominal demand in the economy.
https://www.rba.gov.au/publications/rdp/1987/8703/introduction.html

Concluding Remarks

1 May 1987 RDP 8703
Adrian Blundell-Wignall and Susan Thorp
Estimates of the demand for M1, M3 and BM also shed light on the issue of real interest rate dynamics and the effectiveness of aggregates as intermediate targets. ... As competing nominal interest rates rise, tending to reduce money demand, the own rate
https://www.rba.gov.au/publications/rdp/1987/8703/concluding-remarks.html

The Stability of Money Demand

1 May 1987 RDP 8703
Adrian Blundell-Wignall and Susan Thorp
It is likely that this instability is related to the other three channels through which deregulation influences monetary aggregates: measurement of the aggregate; measurement of the pecuniary costs and non-pecuniary ... If the appropriate measurement of
https://www.rba.gov.au/publications/rdp/1987/8703/the-stability-of-money-demand.html

References

1 May 1987 RDP 8703
Adrian Blundell-Wignall and Susan Thorp
RDP 8703: Money Demand, Own Interest Rates and Deregulation References. Adrian Blundell-Wignall and Susan Thorp. ... and P.A. Volker, (1981) “The Short-Run Demand for Transactions Balances in Australia”.
https://www.rba.gov.au/publications/rdp/1987/8703/references.html

Appendix D: Calculation of the own rate on M3 and BM

1 May 1987 RDP 8703
Adrian Blundell-Wignall and Susan Thorp
RDP 8703: Money Demand, Own Interest Rates and Deregulation Appendix D: Calculation of the own rate on M3 and BM. ... Download the Paper 1.1. MB. An assumption frequently made in studies of the demand for money is that the pecuniary (and/or non-pecuniary)
https://www.rba.gov.au/publications/rdp/1987/8703/appendix-d.html

Parameters of Money Demand, Own Rates and the Effectiveness of Intermediate Targets

1 May 1987 RDP 8703
Adrian Blundell-Wignall and Susan Thorp
Three other general findings were:. the parameters of the three demand functions differ, with the two narrower aggregates having lower income elasticities and higher interest rate elasticities;. ... Even if monetary aggregates have a predictable
https://www.rba.gov.au/publications/rdp/1987/8703/parameters-of-money-demand-own-rates-and-the-effectiveness-of-intermediate-targets.html