Search: Real interest rate
RBA Glossary definition for Real interest rate
Real interest rate – The real interest rate refers to the cost of borrowing money (i.e. the nominal interest rate) net of inflation. It takes account of the fact that part of the nominal interest that borrowers pay to lenders represents compensation for anticipated inflation. The remaining �real� component better reflects the economic cost of borrowing and the return to lending.
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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Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
1 May 2023
RDP
PDF
1465KB
the future path of interest rates and premia based on data on yields. ... Many papers incorporate specific interest rates, such as the cash rate, or other short-term interest.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-04.pdf
MONEY DEM.RD, OWN INTEREST RATES MW DEREGULATION Adrian Blundell_Wignall* ...
17 Oct 2014
RDP
PDF
1096KB
associated with instability. (c) own rates and the oroblem of real interest rate overkill. ... interest rate overkill associated with monetary aggregates as intermediate. objectives. As rising real interest rates are eventually successful in.
https://www.rba.gov.au/publications/rdp/1987/pdf/rdp8703.pdf
How Risky is Australian Household Debt?
19 Aug 2020
RDP
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1880KB
Most obviously this includes measures of housing prices, but could also include real interest rates,. ... change is that the real interest rate and inflation become insignificant when including time trends,.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-05.pdf
Read me file for Do Interest Rates Affect Business Investment? Evidence from Australian Company-level Data
27 Apr 2018
RDP
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307KB
RDP 2018-05 supplementary information
https://www.rba.gov.au/publications/rdp/2018/2018-05/rdp-2018-05-read-me.pdf
The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
21 Nov 2023
RDP
PDF
2354KB
use deposit services, and a smaller share of people rate these as convenient relative to withdrawal. ... payments.9 The high rate of card acceptance by merchants partly reflects the ubiquity of card.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
29 Dec 2022
RDP
PDF
1886KB
the predicted short rate from a model of the term structure of interest rates that does not feature a lower bound. ... combination of expansionary demand and supply shocks can result in the nominal interest rate.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf
Identification and Inference under Narrative Restrictions
20 Oct 2023
RDP
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1128KB
This highlights that evena uniform prior may be informative for parameters of interest, which also occurs under traditional signrestrictions (Baumeister and Hamilton 2015). ... This is undesirable when conducting likelihood-based inference, because
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-07.pdf
Read me file for Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
3 May 2023
RDP
PDF
247KB
RDP 2023-04 supplementary information
https://www.rba.gov.au/publications/rdp/2023/2023-04/rdp-2023-04-read-me.pdf
Do Australian Households Borrow to Keep up with the Joneses?
8 Nov 2022
RDP
PDF
1659KB
increases at a similar rate as Australia but the distribution is much more uneven. ... measures of housing prices, unemployment rates, income and debt, while ict represents regional.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-06.pdf
Anticipatory Monetary Policy and the ‘Price Puzzle’
18 May 2017
RDP
PDF
2157KB
The small size of this response – which appears to imply that real interest rates decline in response to positive inflation surprises – is qualitatively similar (and in between) the estimates of Romer ... The left panel of Figure 6 shows the effect
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-02.pdf