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RBA Glossary definition for interest rate
interest rate – The term used to describe the cost of borrowing money or the return to the owner of the funds which are invested or lent out. It is usually expressed as a percent per annum of the amount of money borrowed, lent or invested.
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Appendix A: General Equilibrium Effects for Interest Rates
31 Jan 2023
RDP
2023-01
interest rates an individual faces is an underestimate of the effect of an interest rate cut that applies to all households. ... Fuster and Zafar note that their estimate of the effect of interest rate response is at the lower end of estimates in other
https://www.rba.gov.au/publications/rdp/2023/2023-01/appendix-a.html
The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment
31 Jan 2023
RDP
2023-01
For the mortgage rate cut experiment, analysing the demand curves does not show systematic differences between the average effect of interest rates and the effect on the marginal buyer. ... The response of WTP to a change in interest rate is little
https://www.rba.gov.au/publications/rdp/2023/2023-01/full.html
The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment
31 Jan 2023
RDP
2023-01
credit, financial stability, households, housing, interest rates. The response of housing prices to financing conditions is determined by the effect on the marginal buyer, not the average household. ... Changing the mortgage rate has the same average
https://www.rba.gov.au/publications/rdp/2023/2023-01.html
The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment
31 Jan 2023
RDP
2023-01
Research Discussion Paper – RDP 2023-01 The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment. Tom Cusbert. January 2023. 1.55. MB. An earlier draft of this paper formed part of my PhD dissertation at the
https://www.rba.gov.au/publications/rdp/2023/2023-01/sections.html
Aggregate Results
31 Jan 2023
RDP
2023-01
I compare the demand curves before and after the interest rate change using the same method. ... In this case, there is not much of a pattern across the demand curves with a higher interest rate compared to the demand curve with a lower interest rate
https://www.rba.gov.au/publications/rdp/2023/2023-01/aggregate-results.html
Appendix D: Estimation Results for Full Set of Explanatory Variables
31 Jan 2023
RDP
2023-01
ω. Interest rate low. 0.01. 0.03. 0.04. 0.29. Owner. 0.14. 0.10. ... 0.13. Marginal income tax rate. 0.00. 0.00. 0.00. 0.01. Property tax rate.
https://www.rba.gov.au/publications/rdp/2023/2023-01/appendix-d.html
Introduction
31 Jan 2023
RDP
2023-01
Fuster and Zafar (2021) find a large average effect of easing collateral constraints on the stated WTP of survey respondents and a relatively small effect of changes in interest rates. ... For the mortgage rate cut experiment, analysing the demand curves
https://www.rba.gov.au/publications/rdp/2023/2023-01/introduction.html
Appendix B: Robustness
31 Jan 2023
RDP
2023-01
Effect of mortgage rates. Note: Dashed lines represent 95 per cent confidence intervals. ... In contrast, the results of the mortgage rate do vary significantly depending on the exclusion method.
https://www.rba.gov.au/publications/rdp/2023/2023-01/appendix-b.html
Robustness Checks
31 Jan 2023
RDP
2023-01
the interest rate and inheritance experiments.
https://www.rba.gov.au/publications/rdp/2023/2023-01/robustness-checks.html
Interpreting the Experimental Results with a User Cost Model
31 Jan 2023
RDP
2023-01
The response of WTP to a change in interest rate is little changed across the spectrum of subjective discount rates. ... a) I transform the interest-rate-equivalent subjective discount rate to a subjective discount factor.
https://www.rba.gov.au/publications/rdp/2023/2023-01/interpreting-the-experimental-results-with-a-user-cost-model.html