Search: Nominal interest rate
RBA Glossary definition for Nominal interest rate
Nominal interest rate – The nominal interest rate refers to the cost of borrowing money before adjustment for inflation i.e. it includes compensation for the expected erosion of the value of the borrowed funds due to inflation. It is the cost visible to the borrower, and is composed of the real interest rate plus inflation.
RBA Glossary definition for interest rate
interest rate – The term used to describe the cost of borrowing money or the return to the owner of the funds which are invested or lent out. It is usually expressed as a percent per annum of the amount of money borrowed, lent or invested.
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After the Boom
13 Sep 2016
Speech
Speech delivered by Christopher Kent, Assistant Governor (Economic), at the Bloomberg Breakfast Address, Sydney
https://www.rba.gov.au/speeches/2016/sp-ag-2016-09-13.html
The Relationship Between Financial Indicators and Economic Activity: 1968–1987 | Conference – 1989
31 Dec 1968
Conferences
For interest rates, all significant coefficients are negative, as expected. In other words, a rise in the short-term interest rate is generally associated with a fall in nominal demand, a ... Data for real interest rates are calculated by deducting the
https://www.rba.gov.au/publications/confs/1989/bullock-morris-stevens.html
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
1 Aug 2019
RDP
2019-07
Examples include interest rates, the exchange rate, the expenditure components of real GDP, labour market variables and inflation. ... price growth, growth in the dwelling stock, changes in mortgage interest rates and the rate of inflation.
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
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Discussion on The Smoothing of Official Interest Rates | Conference – 1997
21 Jul 1997
Conferences
However, worth noting at the outset is that the theoretical justification for penalising the change in the official short-term nominal interest rate in the loss function is not so clear. ... Does smoothing of official interest rates mean that the
https://www.rba.gov.au/publications/confs/1997/lindsey-disc.html
Appendix D: Glossary and Data
1 Jun 2000
RDP
2000-05
Definition:. Nominal GDP weighted-average of short-term policy interest rates of the US, Germany and Japan (G3) less four-quarter-ended core inflation in each country. ... Source:. Interest rates: Reserve Bank of Australia Bulletin, Table F.11. For the
https://www.rba.gov.au/publications/rdp/2000/2000-05/appendix-d.html
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Discussion on Recent Thinking About Exchange Rate Determination and Policy | Conference – 1993
12 Jul 1993
Conferences
This being said, it is relevant to emphasise two important caveats to the proposition that nominal exchange rate changes tend to induce roughly equivalent changes in real exchange rates. ... In this context, it was noted that the countries with a high
https://www.rba.gov.au/publications/confs/1993/mussa-disc.html
The Exchange Rate and Macroeconomic Policy in Australia | Conference – 1993
12 Jul 1993
Conferences
where variables not previously defined are:. M nominal money supply. i nominal interest rate. ... It is worth mentioning these qualifications briefly. Relaxing the Mundell-Fleming model assumption that exchange rate expectations are static introduces the
https://www.rba.gov.au/publications/confs/1993/pitchford.html
Appendix C: The Effect of Different Interest Rate Assumptions
1 Feb 1998
RDP
9803
The right-hand panel shows how nominal interest rates respond to this shock when policy-makers use a Taylor-type rule, responding to inflation and output forecasts four periods ahead, with ... If policy-makers are assumed to keep real, rather than nominal
https://www.rba.gov.au/publications/rdp/1998/1998-03/appendix-c.html
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The Transmission of Monetary Policy through Banks' Balance Sheets | Conference – 2018
12 Apr 2018
Conferences
risk that future short-term interest rates will not turn out as expected (interest rate risk). ... The effect of the cash rate on provisioning rates may diminish at low interest rates.
https://www.rba.gov.au/publications/confs/2018/brassil-cheshire-muscatello.html
Appendix A: Affine Term Structure Model
12 May 2023
RDP
2023-04
In the model the one-period nominal interest rate r. t. is given by. ... Consistent with ACM, our factors are the first K principal components from a panel of nominal interest rates.
https://www.rba.gov.au/publications/rdp/2023/2023-04/appendix-a.html
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