Search: money market
RBA Glossary definition for money market
money market – The market which deals in short-term discount securities such as Treasury notes, bank bills and promissory notes. Major participants in this market include the Reserve Bank of Australia, banks, superannuation funds, insurance companies, investment trusts, investment banks, building societies and large corporates.
Search Results
Monetary Policy, Equity Markets and the Information Effect
22 Apr 2021
RDP
2021-04
Research Discussion Paper – RDP 2021-04 Monetary Policy, Equity Markets and the Information Effect. ... financial markets, forecasting, interest rates, monetary policy, money. Central banks analyse copious amounts of information to assess the economic
https://www.rba.gov.au/publications/rdp/2021/2021-04.html
Monetary Policy, Equity Markets and the Information Effect
23 Mar 2021
RDP
2021-04
Research Discussion Paper – RDP 2021-04 Monetary Policy, Equity Markets and the Information Effect.
https://www.rba.gov.au/publications/rdp/2021/2021-04/read-me.html
Monetary Policy, Equity Markets and the Information Effect
22 Apr 2021
RDP
2021-04
Research Discussion Paper – RDP 2021-04 Monetary Policy, Equity Markets and the Information Effect.
https://www.rba.gov.au/publications/rdp/2021/2021-04/sections.html
Results
1 Apr 2021
RDP
2021-04
RDP 2021-04: Monetary Policy, Equity Markets and the Information Effect 5. ... Overall, the results support the conventional view that equity markets interpret a monetary policy tightening as contractionary for economic activity.
https://www.rba.gov.au/publications/rdp/2021/2021-04/results.html
Monetary Policy, Equity Markets and the Information Effect
23 Mar 2021
RDP
2021-04
If market participants concluded that the primary driver behind an increase in i. ... causes market participants to update their perception of the policy reaction function, f.
https://www.rba.gov.au/publications/rdp/2021/2021-04/full.html
Appendix C: Semi-elasticity versus Elasticity
1 Apr 2021
RDP
2021-04
RDP 2021-04: Monetary Policy, Equity Markets and the Information Effect Appendix C: Semi-elasticity versus Elasticity.
https://www.rba.gov.au/publications/rdp/2021/2021-04/appendix-c.html
Non-technical summary for ‘Monetary Policy, Equity Markets and the Information Effect’
23 Mar 2021
RDP
2021-04
In this paper, I use the lens of equity markets to shed light on this question. ... I find little evidence that the information effect is an important channel in equity markets.
https://www.rba.gov.au/publications/rdp/2021/2021-04/non-technical-summary.html
Literature Review
1 Apr 2021
RDP
2021-04
An alternative lens to view the information effect is through the equity market. ... This paper uses the approach taken in Bauer and Swanson (2019) by looking at the response of the Australian equity market to monetary policy surprises.
https://www.rba.gov.au/publications/rdp/2021/2021-04/literature-review.html
References
1 Apr 2021
RDP
2021-04
351. Ellingsen T and U Söderström (2001), ‘Monetary Policy and Market Interest Rates’, The American Economic Review, 91(5), pp 1594–1607. ... Kuttner KN (2001), ‘Monetary Policy Surprises and Interest Rates: Evidence from the Fed Funds Futures
https://www.rba.gov.au/publications/rdp/2021/2021-04/references.html
Conclusion
1 Apr 2021
RDP
2021-04
Using high-frequency financial market and weekly forecasts for identification, I document the effect of monetary policy on Australian equity prices and equity earnings forecasts. ... announcements. Rather, monetary policy announcements in Australia have
https://www.rba.gov.au/publications/rdp/2021/2021-04/conclusion.html