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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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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
Discussion on The Evolution of Monetary Policy: From Money Targets to Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
As mentioned earlier, the generic Taylor rule is broad enough to encompass almost all. ... A second concern is with the forecasts to be plugged into forward-looking operational versions of the Taylor rule.
https://www.rba.gov.au/publications/confs/1997/hughes-disc.html
Discussion on The Debate on Alternatives for Monetary Policy in Australia | Conference – 1997
21 Jul 1997
Conferences
Consider for example the money-supply-setting system known as the Friedman rule. ... do at least as well as and generally better than the Friedman rule.
https://www.rba.gov.au/publications/confs/1997/mcdonald-disc.html
Three Australian Asset-price Bubbles | Conference – 2003
18 Aug 2003
Conferences
In sum, these technological innovations, not for the first or last time, contributed to a feeling that the old rules no longer applied. ... The rise in tech-stocks was frequently justified by claims that the old rules of business no longer applied to
https://www.rba.gov.au/publications/confs/2003/simon.html
Capital Flows, Hedge Funds and Market Failure: A Hong Kong Perspective | Conference – 1999
9 Aug 1999
Conferences
Although these rules may apply in domestic jurisdictions, there is currently no global consensus or legal framework to deal with market manipulation across markets, particularly for OTC markets. ... Strict rules to prevent research reports of financial
https://www.rba.gov.au/publications/confs/1999/yam.html
Introduction | Conference – 1992
10 Jul 1992
Conferences
EMS). But these rules have their own sets of difficulties. With regard to monetary targets, it is difficult to define some measure of ‘liquidity’ that is closely tied to nominal demand ... His paper outlines recent thinking on the rules versus
https://www.rba.gov.au/publications/confs/1992/intro-92.html
Introduction | Conference – 1990
21 Jun 1990
Conferences
For some, this was a medium-term focus for monetary policy, based on indicators of future inflation but not relying on rigid predetermined rules. ... rules were necessary to halt inflation.
https://www.rba.gov.au/publications/confs/1990/grenville.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
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