Search: yield
RBA Glossary definition for yield
yield – The expected rate of return expressed as a percentage of the net outlay or net proceeds of an investment, not of its face value.
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Financial-asset Prices and Monetary Policy: Theory and Evidence | Conference – 1997
21 Jul 1997
Conferences
expected dividend yield and the expected capital gain, to equal the real riskless rate plus a time-varying risk premium. ... output gap and the contemporaneous US interest rate, the US/DM exchange rate, the 10-year bond yield and the S&P500 index.
https://www.rba.gov.au/publications/confs/1997/smets.html
Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997
21 Jul 1997
Conferences
For any given rule, different reaction coefficients can yield different combinations of variability in inflation or output, so there is a frontier of efficient rules. ... As shown in panel 1, even using forecasts for the current period, rather than just
https://www.rba.gov.au/publications/confs/1997/de-brouwer-oregan.html
Discussion on Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997
21 Jul 1997
Conferences
rates. The basic inflation-only reaction function is of the form. where rsl is the yield spread (the 90-day interest rate less the 10-year rate), rsl. ... is the equilibrium yield spread, π. j. is inflation in period j, and π.
https://www.rba.gov.au/publications/confs/1997/macklem.html
Discussion On the Economics of Committed Liquidity Facilities | Conference – 2013
19 Aug 2013
Conferences
The paper suggests that the fee set on the CLF always equalises the yield spread between HQLA and non-HQLA assets. ... the demand for HQLA will consequently fall, reducing the yield spread until it equals the cost of the CLF.
https://www.rba.gov.au/publications/confs/2013/bech-keister-disc.html
The Impact of Unconventional Monetary Policy on the Overnight Interbank Market | Conference – 2013
19 Aug 2013
Conferences
Similarly the surplus of the lender is:. Equating. and. yields. , which implies that:. ... Equating. and. yields. which implies that. the same as in the first case.
https://www.rba.gov.au/publications/confs/2013/bech-monnet.html
Measuring Core Inflation in Australia with Disaggregate Ensembles | Conference – 2009
17 Aug 2009
Conferences
Combining the evidence from two sources of disaggregation, by city and by sector, yields considerable improvement in density performance.
https://www.rba.gov.au/publications/confs/2009/ravazzolo-vahey.html
Designing Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
Perhaps that is not altogether surprising, since theoretical models can yield conflicting conclusions regarding the effects of low and steady inflation on growth (Orphanides and Solow 1990). ... These yield aggregate welfare benefits, when compared on a
https://www.rba.gov.au/publications/confs/1997/haldane.html
Three Perspectives on an Australasian Monetary Union | Conference – 2001
24 Jul 2001
Conferences
Two essential criteria are that their yield curves remain distinct, and that the market remains liquid. ... Monetary independence enables a region to choose its own inflation rate and yield curve.
https://www.rba.gov.au/publications/confs/2001/coleman.html
Internationalisation and the Macroeconomy | Conference – 1994
11 Jul 1994
Conferences
Shocks to world asset markets (like the stockmarket crash in October, 1987 and the rise in long bond yields in 1994) now translate rapidly to Australian asset markets and may, as ... Despite these limitations, the estimated models yield interesting
https://www.rba.gov.au/publications/confs/1994/gruen-shuetrim.html
The Exchange Rate and Macroeconomic Policy in Australia | Conference – 1993
12 Jul 1993
Conferences
To verify the closeness of the two approaches, note that their basic relationship (20) can be rearranged to yield (19). ... In fact, substituting (15) into (12) yields (21), so that (21) can be seen to be a special case of (12) where the effects of terms
https://www.rba.gov.au/publications/confs/1993/pitchford.html