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.
Search Results
Monetary Policy, Equity Markets and the Information Effect
24 Oct 2021
RDP
PDF
1573KB
The information effect of monetary policy would occur if changes to the nominal interest rate were. ... ambiguous regardless of the reason for the change in the nominal interest rate.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-04.pdf
Monetary Policy Frameworks Away from the ELB
20 Dec 2023
Conferences
PDF
4375KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-de-fiore-mojon-rees-sandri.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
Australia’s Real Exchange Rate – Is it Explained by the Terms of Trade or by Real Interest Differentials?
30 Nov 2009
RDP
PDF
530KB
These graphs provide some evidence that in the most recent period, relatively high Australian real interest rates have tended to keep the real exchange rate high. ... Mishkin (1987) agrees with their conclusions and states even more strongly that
https://www.rba.gov.au/publications/rdp/1991/pdf/rdp9108.pdf
Rates Normalization Amid Elevated Global Financial Vulnerabilities
29 Dec 2022
Conferences
PDF
1623KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-natalucci.pdf
How Risky is Australian Household Debt?
19 Aug 2020
RDP
PDF
1880KB
real incomes, a fall in nominal interest rates, financial liberalisation and household ownership of the. ... vulnerabilities. For example, rising incomes or structurally lower nominal interest rates both allow.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-05.pdf
Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough?
27 Nov 2006
Conferences
PDF
221KB
RBA Conference Volume 2003
https://www.rba.gov.au/publications/confs/2003/pdf/bean.pdf
Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States
25 May 2016
RDP
PDF
1165KB
The subsequent. decline in nominal interest rates lowered the cost of owning and so effectively increased the. ... hypotheses:. H1: Lower nominal interest rates are associated with higher net housing capital income (as a.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-04.pdf
The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions
6 Oct 2022
RDP
PDF
2224KB
100 basis point federal funds rate shock under different sets of identifying restrictions. ... e.g. Galí 2008), there exists a value for the persistence of the monetary policy shock such that the nominal interest.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-04.pdf
Evaluating Simple Monetary-policy Rules for Australia
7 Dec 2006
Conferences
PDF
156KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/de-brouwer-oregan.pdf