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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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Financial Stability Review - March 2024

26 Mar 2024 FSR - March 2024 PDF 2619KB
https://www.rba.gov.au/publications/fsr/2024/mar/pdf/financial-stability-review-2024-03.pdf

Climate Change and Financial Risk

13 Jun 2023 Bulletin - June 2023 PDF 445KB
https://www.rba.gov.au/publications/bulletin/2023/jun/pdf/climate-change-and-financial-risk.pdf

MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model

12 Jan 2022 RDP PDF 1774KB
We have received feedback that the effect on the economy from our financial accelerator mechanism. ... economy. We assume that, when banks’ capital adequacy ratios fall below target (i.e.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf

Six Years of Inflation Targeting

23 Feb 2001 Bulletin PDF 103KB
Additional criteria canand should be applied. Specifically, three questions can be posed.First, has this outcome co-existed with goodoutcomes in the macro economy generally? ... Butgrowth in the economy slowed, partly inresponse to tighter policy in
https://www.rba.gov.au/publications/bulletin/1999/may/pdf/bu-0599-2.pdf

Did Labour Market Concentration Lower Wages Growth Pre-COVID?

28 Feb 2023 RDP PDF 1812KB
3. labour shares in some advanced economies.2 Of particular interest to academics and policymakers is the role of concentration in labour markets (OECD 2020). ... Moreover, the latter aspect is also of relevance, particularly in thinking about the macro
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-02.pdf

Smells Like Animal Spirits: The Effect of Corporate Sentiment on Investment

25 Nov 2021 RDP PDF 1696KB
economy (e.g. Roberts and Simon 2001; Barsky and Sims 2012; Blanchard, L'Huillier and. ... returns in the corporate finance literature. Based on this, macro policymakers should consider.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-11.pdf

The Consequences of Low Interest Rates for the Australian Banking Sector

19 Dec 2022 RDP PDF 1588KB
temporary (i.e. business cycle) shocks have worked their way through the economy. ... a stylised macro model designed to determine the effectiveness of monetary policy at low interest.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-08.pdf

5.1 Focus Topic: Vulnerabilities in China's Financial System

9 Oct 2023 FSR - October 2023 PDF 289KB
https://www.rba.gov.au/publications/fsr/2023/oct/pdf/05-focus-topic-vulnerabilities-in-chinas-financial-system.pdf

2. Resilience of Australian Households and Businesses

9 Oct 2023 FSR - October 2023 PDF 1571KB
https://www.rba.gov.au/publications/fsr/2023/oct/pdf/02-household-business-finances-in-australia.pdf

Bulletin March Quarter 2023

8 Jun 2023 Bulletin - March 2023 PDF 7038KB
https://www.rba.gov.au/publications/bulletin/2023/mar/pdf/bulletin-2023-03.pdf