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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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Financial-asset Prices and Monetary Policy: Theory and Evidence | Conference – 1997

21 Jul 1997 Conferences
Frank Smets
As monetary policy affects prices through the effect of interest rates and asset prices on aggregate demand, it is optimal to change interest rates in such a way that the combined ... the output gap and that monetary policy affected the output gap mainly
https://www.rba.gov.au/publications/confs/1997/smets.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

4 Apr 2023 Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 3.60 per cent and the interest rate on Exchange Settlement balances unchanged at 3.50 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-08.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

5 Apr 2022 Media Releases
At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent.
https://www.rba.gov.au/media-releases/2022/mr-22-11.html

Monetary Policy

1 Nov 1984 RDP 8402
Lindsay F. Boulton and Warren J. Tease
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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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

Aggregate Responses

31 Dec 2014 RDP 2014-08
Peter Downes, Kevin Hanslow and Peter Tulip
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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Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? | Conference – 2003

18 Aug 2003 Conferences
Charles Bean
RBA Annual Conference – 2003 Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? ... imbalances. And that may be aggravated when monetary policy has a high degree of counter-inflationary credibility as excessive
https://www.rba.gov.au/publications/confs/2003/bean.html

Conference on Money and Credit: Summary of Discussion | Conference – 1989

20 Jun 1989 Conferences
The discussants agreed with the paper's conclusions that central banks began targeting monetary aggregates as a tactical response to a specific set of economic conditions, not as a revolutionary change ... The important point is that simple interest rate
https://www.rba.gov.au/publications/confs/1989/summary-of-discussion.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

6 Jun 2023 Media Releases
Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision. Number 2023-13. ... At the aggregate level, wages growth is still consistent with the inflation target, provided that productivity growth picks up.
https://www.rba.gov.au/media-releases/2023/mr-23-13.html

The Evolution of Monetary Policy: From Money Targets to Inflation Targets | Conference – 1997

21 Jul 1997 Conferences
Stephen Grenville
The check-list was described in Johnston (1985a, p. 812): ‘The relevant indicators include all the monetary aggregates; interest rates; the exchange rate; the external accounts; the current performance and outlook ... The guidance of monetary
https://www.rba.gov.au/publications/confs/1997/grenville.html