Search: HAC Rule
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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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A Snapshot of Inflation Targeting in its Adolescence | Conference – 2004
9 Aug 2004
Conferences
One source of confusion that arises in relating the practice of IT to the rules literature is, as noted by Kuttner (2004), that the word ‘rule’ is itself used in so ... Another distinction is between targeting and instrument rules – that is,
https://www.rba.gov.au/publications/confs/2004/kuttner.html
Discussion on A Perspective | Conference – 1992
10 Jul 1992
Conferences
The rules versus discretion debate was not clear cut, and could never be.
https://www.rba.gov.au/publications/confs/1992/corden-disc.html
Can Central Bank Transparency Go Too Far? | Conference – 2004
9 Aug 2004
Conferences
If λ > 0, so that monetary policy-makers are also concerned about output fluctuations, then the interest rate instrument is set according to a target rule in which the approach to ... But how can central banks do this? One answer is that a central bank
https://www.rba.gov.au/publications/confs/2004/mishkin.html
The Australian Government's Current Approach to Monetary Policy: An Evaluation | Conference – 1997
21 Jul 1997
Conferences
This dismissal rule works as follows: the government must establish a critical inflation rate and dismiss the central banker whenever actual inflation exceeds this value. ... It is important to make the distinction between objective criteria (or loss
https://www.rba.gov.au/publications/confs/1997/stemp.html
Robust Design Principles for Monetary Policy Committees | Conference – 2018
12 Apr 2018
Conferences
Effective monetary policymaking cannot be achieved through the mechanical application of fixed rules; rather, careful judgement is an intrinsic necessity. ... Principle #4: The MPC's size and voting rules should foster genuine engagement among members
https://www.rba.gov.au/publications/confs/2018/archer-levin.html
How Should Monetary Policy Respond to Asset-price Bubbles? | Conference – 2003
18 Aug 2003
Conferences
which is a more aggressive Taylor rule than the ‘standard’ Taylor rule introduced by Taylor (1993), r. ... References. Ball L (1999), ‘Efficient rules for monetary policy’, International Finance, 2(1), pp 63–83.
https://www.rba.gov.au/publications/confs/2003/gruen-plumb-stone.html
Discussion on Unemployment and Income Distribution | Conference – 1998
9 Jun 1998
Conferences
Is the relationship between unemployment and income influenced by the rules of the Unemployment Benefits system (UB)? ... In contrast to the Australian UB system, consider the rules of the US Unemployment Insurance system.
https://www.rba.gov.au/publications/confs/1998/goldin-disc.html
The Evolution of Financial Deregulation | Conference – 1991
21 Jun 1991
Conferences
RBA Annual Conference – 1991 The Evolution of Financial Deregulation Stephen Grenville. In the five years following the appointment of the Campbell Committee in 1979, the Australian financial landscape was transformed: the banks – the
https://www.rba.gov.au/publications/confs/1991/grenville.html
Regulatory Competition and the “Generic” Financial-Services Firm | Conference – 1991
21 Jun 1991
Conferences
Regulatory services develop and enforce rules of competition to attain industry and societal goals. ... One is that the law temporarily confers special monopoly powers to make and enforce rules on elected politicians and appointed bureau heads.
https://www.rba.gov.au/publications/confs/1991/kane.html
Inflation, Disinflation and the Natural Rate of Unemployment: A Dynamic Framework for Policy Analysis | Conference – 2000
24 Jul 2000
Conferences
Thus with a real ‘x%’ fiscal rule ‘money expenditures would vary directly with prices’ while the supply of money would vary inversely (Friedman 1953, pp 204–234). ... It is consequently improper to manipulate that reduced form as if its
https://www.rba.gov.au/publications/confs/2000/leeson.html