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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: Estimates of the Model

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
Interest rates are expressed in per cent per annum divided by 100, and all other variables are expressed in logs. ... output. The six lags of the real interest rate are jointly significant (χ.
https://www.rba.gov.au/publications/rdp/2000/2000-06/appendix-a.html

Appendix B: Equations for the Exogenous Variables in the Model

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
wr. = 0.0012 and α. wp. = 0.0019). These calibrated coefficients also ensure that the exogenous variables, except the world real interest rate, are equal to 100 in the initial period. ... The equilibrium world real interest rate is set equal to its
https://www.rba.gov.au/publications/rdp/2000/2000-06/appendix-b.html

The Model

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
real interest rates, real foreign output – proxied by US GDP – the real trade-weighted exchange rate and the terms of trade. ... An increase in interest rates takes two periods to reduce aggregate inflation through the exchange-rate channel – one
https://www.rba.gov.au/publications/rdp/2000/2000-06/model.html

Appendix D: Data Definitions and Sources

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
Source:. Reserve Bank of Australia Bulletin, Table F.11. wr. Foreign real short-term interest rate. ... Source:. Nominal policy interest rates for the US, Japan and the UK – Reserve Bank of Australia Bulletin, Table F.11 Datastream, BDSU0110 for the
https://www.rba.gov.au/publications/rdp/2000/2000-06/appendix-d.html

Empirical Results of Stochastic Simulations

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
While the serial correlation of quarterly changes in the interest rate is higher for the rules in Table 2 (compared with Table 1), the variability of interest rates is still too ... A second issue concerns our empirical finding that interest rates affect
https://www.rba.gov.au/publications/rdp/2000/2000-06/empirical-results-of-stochastic-simulations.html

Open Economy Inflation Targeting

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
This exchange rate effect works in conjunction with the aggregate demand channel of monetary policy whereby a decrease in interest rates stimulates aggregate demand and increases inflation. ... where the parameter λ (0 λ 1) represents the degree of
https://www.rba.gov.au/publications/rdp/2000/2000-06/open-economy-inflation-targeting.html

References

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
Lowe PW and L Ellis (1997), ‘The Smoothing of Official Interest Rates’, in PW Lowe (ed), Monetary Policy and Inflation Targeting, Proceedings of a Conference, Reserve Bank of Australia, Sydney, pp ... Taylor JB (1999), ‘The Robustness and
https://www.rba.gov.au/publications/rdp/2000/2000-06/references.html

Inflation Targeting and Exchange Rate Fluctuations in Australia

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2000/2000-06.html

Conclusion

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
The approach which we ultimately took was to ignore those policy rules which generated excessive interest rate variability. ... shocks. We also noted whether these alternative rules helped alleviate the problem of excessive interest rate variability.
https://www.rba.gov.au/publications/rdp/2000/2000-06/conclusion.html