Search: Four Pillars Policy
RBA Glossary definition for Four Pillars Policy
Four Pillars Policy – An Australian Government policy that there should be no fewer than four major banks to maintain appropriate levels of competition in the banking sector.
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The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions
6 Oct 2022
RDP
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2224KB
policy shock that results in a 100 basis point increase in the policy rate. ... the point where the impact response of the policy rate is zero.2.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-04.pdf
How Many Jobs Did JobKeeper Keep?
2 Dec 2020
RDP
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1843KB
overall employment losses by at least 700,000 during its first four months (Figure 1). ... Sources: ABS; Australian Government (2020c, p 38); Authors’ calculations. Our findings have implications for policy.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-07.pdf
The Yield and Market Function Effects of the Reserve Bank of Australia’s Bond Purchases
19 May 2022
RDP
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1938KB
are ongoing) and so reinforce expectations for a low policy rate;6 and. ... Reserve Bank announced a package of policy measures, including its intention to purchase.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-02.pdf
Fiscal Policy and the Inflation Target
4 Feb 2015
RDP
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847KB
So countercyclical fiscal policy is not called for when interest rates are unconstrained. ... I interpret this calibration as describing recent policy, and label it as such.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-02.pdf
Do Australian Households Borrow to Keep up with the Joneses?
8 Nov 2022
RDP
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1659KB
References 29. Copyright and Disclaimer Notices 31. 1. Introduction. There has been increasing academic and policy interest in the effect of inequality on both. ... questions relating to household finances, such as household net worth and debt portfolio,
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-06.pdf
Central Bank Communication: One Size Does Not Fit All
24 Oct 2021
RDP
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2180KB
policy announcements (Hawkesby 2019). Reflecting this, countries that are most effective in this. ... practice tend to experience less interest rate volatility and smaller reactions to monetary policy.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-05.pdf
Financial Conditions and Downside Risk to Economic Activity in Australia
17 Mar 2021
RDP
PDF
1966KB
have a broader range of policy tools available to them to mitigate financial stability risks. ... asset prices, credit, money, interest rates and the exchange rate. Subsequently, many policy.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-03.pdf
Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
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1706KB
inflation will evolve. While endogenous policy makes it difficult to extrapolate from regional evidence. ... optimal policy may involve leaning against these shocks rather than ‘looking through’ them.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf
The Real Effects of Debt Covenants: Evidence from Australia
24 Oct 2022
RDP
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1647KB
transmission of monetary policy shocks while other types of covenants appear to mitigate. ... Appendix D: Direct Effects – Robustness Checks 23. Appendix E: Monetary Policy Shocks 25.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-05.pdf
The Role of Collateral in Borrowing
14 Jan 2021
RDP
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1784KB
monetary policy implementation target. The rate has historically displayed very little cross-sectional. ... similar to studies of heterogeneous effects of monetary policy changes (e.g., Kashyap and.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-01.pdf