Search: macro economy
RBA Glossary definition for macro economy
macro economy – The economy looked at as a whole or in terms of major components measured by aggregates such as gross domestic product, the balance of payments and related links, in the context of the national economy. This contrasts with microeconomics which focuses upon specific firms or industries.
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The Consequences of Low Interest Rates for the Australian Banking Sector
21 Dec 2022
RDP
2022-08
The neutral rate in Australia is estimated to have followed a similar profile to other advanced economies. ... From Brassil et al (2022), period t lending rates in the Australian economy (r.
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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Overview
10 Apr 2018
FSR
– April 2018
This is a positive development because of the importance of the Chinese economy to the Australian economy. ... The high level of household indebtedness increases the risk of a rise in household financial stress amplifying a shock to the economy.
https://www.rba.gov.au/publications/fsr/2018/apr/overview.html
Appendix A: Literature Review
18 Jan 2022
RDP
2022-01
relationships between macro and financial variables (Adrian, Boyarchenko and Giannone 2019a, 2019b; Hartigan and Wright 2021). ... Some central bank stress testing frameworks include an amplifying feedback to the real economy.
https://www.rba.gov.au/publications/rdp/2022/2022-01/appendix-a.html
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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
21 Sep 2023
RDP
2023-09
First, we provide results for an advanced small open economy, whereas most of the literature has considered larger economies such as the United States (Jeenas 2023; Cloyne et al forthcoming) and ... Sources: ABS; Authors' calculations. The timing of the
https://www.rba.gov.au/publications/rdp/2023/2023-09/full.html
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References
11 Jun 2008
RDP
2008-03
RDP 2008-03: Monetary Transmission and the Yield Curve in a Small Open Economy References. ... Rudebusch GD and T Wu (2004), ‘A Macro-Finance Model of the Term Structure, Monetary Policy, and the Economy’, Federal Reserve Bank of San Francisco
https://www.rba.gov.au/publications/rdp/2008/2008-03/references.html
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The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
21 Jun 2023
RDP
2023-05
Panel D: Baseline macro controls. Real GDP growth. Year-on-year growth in real GDP. ... These controls remove any correlation interest rates might indirectly have with profitability via their impact on the state of the economy and funding conditions.
https://www.rba.gov.au/publications/rdp/2023/2023-05/full.html
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Macroeconomic Policies and Growth | Conference – 1995
10 Jul 1995
Conferences
We conclude with a final point concerning the relative persistence of growth and macro-policy indicators. ... offset shocks will keep the economy on a higher growth path than it otherwise would have been.
https://www.rba.gov.au/publications/confs/1995/andersen-gruen.html
References
1 Jun 1977
RDP
7702
RDP 7702: Inflation and Economic Stability in a Small Open Economy: A Systems Approach References. ... Melbourne: Sun Books. Perkins, J.O.N. (1975), Macro-economic Policy in Australia. Melbourne: Melbourne University Press.
https://www.rba.gov.au/publications/rdp/1977/7702/references.html
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Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia
22 Mar 2023
RDP
2023-03
However, growth in labour productivity has slowed markedly over recent decades in Australia and other advanced economies. ... firms been larger, by 2017 the economy would have been $13 billion (or per cent of GDP) larger, equating to around $550 per
https://www.rba.gov.au/publications/rdp/2023/2023-03/full.html
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The Australian Labour Market in the 1990s | Conference – 2000
21 Jun 1990
Conferences
First, structural change in the economy (e.g. labour market reform) can reduce the level of unemployment that the economy can sustain. ... Such policies will tend to slow the economy and raise the level of unemployment.
https://www.rba.gov.au/publications/confs/2000/dawkins.html