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RBA Glossary definition for macro economy

macro economy – The economy looked at as a whole or in terms of major components measured by aggregates such as gross domestic product, the balance of payments and related links, in the context of the national economy. This contrasts with microeconomics which focuses upon specific firms or industries.

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Robust Design Principles for Monetary Policy Committees | Conference – 2018

12 Apr 2018 Conferences
David Archer and Andrew T Levin
The collapse of the Bretton Woods system was associated with burgeoning inflation in many advanced and emerging market economies. ... In nearly all of the emerging market economies, the central bank is a fully public institution.
https://www.rba.gov.au/publications/confs/2018/archer-levin.html

Financial Stability in a Low Interest Rate Environment: An Australian Case Study | Conference – 2017

16 Mar 2017 Conferences
Luci Ellis and Charles Littrell
Instead, they were more focused on how these macro-level developments translated into risk profiles at a more granular level. ... Secondly, periods of slow growth and excess real-economy capacity are periods when some additional economic risks should be
https://www.rba.gov.au/publications/confs/2017/ellis-littrell.html

Panel Discussion on Fifty Years of Monetary Policy: What Have We Learned? | Conference – 2010

9 Feb 2010 Conferences
That brings us to the nature of the impact of monetary policy on the economy. ... macro-prudential supervision, and other approaches that until recently seemed to be part of history.
https://www.rba.gov.au/publications/confs/2010/cagliarini-kent-stevens-disc.html

The Determinants of Corporate Leverage: A Panel Data Analysis

1 Dec 1993 RDP 9313
Geoffrey Shuetrim, Philip Lowe and Steve Morling
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1993/9313.html
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The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data

1 Jul 2019 RDP 2019-06
Fiona Price, Benjamin Beckers and Gianni La Cava
This suggests that a high level of household debt may weigh on spending even when the economy is in a more ‘normal’ phase of the business cycle. ... If debt has no direct effect on spending but affects spending only when there are shocks to income or
https://www.rba.gov.au/publications/rdp/2019/2019-06/full.html
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Prudential Supervision | Conference – 1991

21 Jun 1991 Conferences
Graeme Thompson
freedoms and opportunities; where new entrants have had to struggle against established players; and where the macro-economy has moved from strong growth to recession. ... As to (i), the economy was growing strongly and had been for some time.
https://www.rba.gov.au/publications/confs/1991/thompson.html

OECD Country Experiences with Disinflation | Conference – 1992

10 Jul 1992 Conferences
Palle Schelde-Andersen
so that the ambiguous price signals typical of a high-inflation economy were significantly reduced. ... all macro-models are based on the assumption that in the long run all real variables are neutral with respect to changes in monetary policy and in the
https://www.rba.gov.au/publications/confs/1992/schelde-andersen.html

References

31 Dec 2007 RDP 2007-01
Kristoffer Nimark
RDP 2007-01: A Structural Model of Australia as a Small Open Economy References. ... Hansen L and T Sargent (2005), ‘Recursive Methods for Linear Economies’, University of Chicago and New York University.
https://www.rba.gov.au/publications/rdp/2007/2007-01/references.html
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Prospects for the Australian Economy in the First Decade of the New Century | Conference – 2000

24 Jul 2000 Conferences
RBA Annual Conference – 2000 Prospects for the Australian Economy in the First Decade of the New Century. ... Has there been some structural improvement in the way the economy works and in the way the macro managers manage that will allow the economy's
https://www.rba.gov.au/publications/confs/2000/panel-disc.html

A Framework

1 Mar 1995 RDP 9503
Guy Debelle and Glenn Stevens
Download the Paper 86. KB. In this section, we develop a simple macro model of the Australian economy in order to examine the trade-off one might expect between output and ... economy. The output equation is based on the work by Gruen and Shuetrim (1994).
https://www.rba.gov.au/publications/rdp/1995/9503/framework.html
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