Search: monetary aggregates
RBA Glossary definition for monetary aggregates
monetary aggregates – A series of measures of the values of currency on issue, current deposits with banks, other deposits with banks, plus borrowings from the private sector by non-bank financial institutions (NBFIs) less currency and bank deposits by NBFIs. Components consist of: 'M1' defined as currency plus bank current deposits from the private non-bank sector; 'M3' defined as M1 plus all other authorised deposit-taking institution (ADI) deposits from the private non-ADI sector, plus certificates of deposit issued by banks, less ADI deposits held with one another; 'Broad money' defined as M3 plus other short-term liquid AFI liabilities held by the private sector, except those held by other AFIs ; 'Money base' defined as holdings of banknotes and coins by the private sector plus deposits of banks with the Reserve Bank of Australia (RBA) and other RBA liabilities to the private non-bank sector
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Direct Effects of Money on Aggregate Demand: Another Look at the Evidence
30 Aug 2010
RDP
2010-05
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2010/2010-05.html
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China's Evolving Monetary Policy Framework in International Context
9 Dec 2019
RDP
2019-11
Research Discussion Paper – RDP 2019-11 China's Evolving Monetary Policy Framework in International Context. ... arrangements. Fourth, our empirical analysis of monetary policy transmission points to both similarities and differences: while policy
https://www.rba.gov.au/publications/rdp/2019/2019-11.html
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Introduction for RDP 18 revised: Private Sector Wealth: Quarterly Estimates for Use in an Aggregate Model
1 Aug 1976
RDP
18
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1976/18rev.html
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Appendix A: RBA Aggregate Wage Phillips Curve Specification, Coefficients and Implied Slope
1 Aug 2021
RDP
2021-09
RDP 2021-09: Is the Phillips Curve Still a Curve? Evidence from the Regions Appendix A: RBA Aggregate Wage Phillips Curve Specification, Coefficients and Implied Slope.
https://www.rba.gov.au/publications/rdp/2021/2021-09/appendix-a.html
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Aggregate Implications
22 Mar 2023
RDP
2023-03
allow us to understand how aggregate productivity would have evolved had reallocation not slowed. ... larger, aggregate MFP and output growth would have been moderately stronger in each year since 2008.
https://www.rba.gov.au/publications/rdp/2023/2023-03/aggregate-implications.html
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Monetary Policy
1 Nov 1984
RDP
8402
CAGAN, P. “The Choice Among Monetary Aggregates as Targets and Guides for Monetary Policy”. ... 44, 1976, pp.979–999. OFFENBACHER, E.K. “Economic Monetary Aggregates, Comment”. Journal Econometrics. ,
https://www.rba.gov.au/publications/rdp/1984/8402/monetary-policy.html
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Aggregate Responses
31 Dec 2014
RDP
2014-08
Aggregate Responses. Peter Downes, Kevin Hanslow and Peter Tulip. August 2014 – ISSN 1320-7229 (Print), ISSN 1448-5109 (Online). ... Higher mining investment also increases the national capital stock and hence aggregate supply.
https://www.rba.gov.au/publications/rdp/2014/2014-08/agg-res.html
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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
22 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? ... References. Beckers B (2020), ‘Credit Spreads, Monetary Policy and the Price Puzzle’, RBA Research Discussion Paper No 2020-01.
https://www.rba.gov.au/publications/rdp/2023/2023-09/read-me.html
Introduction
19 Dec 2023
RDP
2023-09
This can make it hard to identify the effect of monetary policy on investment using aggregate data. ... If so, then expansionary monetary policy could entrench existing industry leaders and weaken competitive pressures, causing aggregate investment to be
https://www.rba.gov.au/publications/rdp/2023/2023-09/introduction.html
The Household Cash Flow Channel of Monetary Policy
16 Dec 2016
RDP
2016-12
Research Discussion Paper – RDP 2016-12 The Household Cash Flow Channel of Monetary Policy. ... Overall, the household cash flow channel appears to be an important channel of monetary transmission in Australia.
https://www.rba.gov.au/publications/rdp/2016/2016-12.html
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