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RBA Glossary definition for Statement on Monetary Policy

Statement on Monetary Policy – The Reserve Bank of Australia (RBA) issues a Statement on Monetary Policy four times a year. These statements assess current economic conditions and the prospects for inflation and output growth. These statements have replaced the Semi-Annual Statements on Monetary Policy and the Quarterly Reports on the Economy and Financial Markets, which were previously issued by the RBA.

RBA Glossary definition for monetary policy

monetary policy – monetary policy involves using interest rates to influence aggregate demand, employment and inflation in the economy.

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DSGE Reno: Adding a Housing Block to a Small Open Economy Model

11 Jun 2018 RDP PDF 1710KB
rates and the persistence of aggregate output’s response to monetary policy shocks. ... structural vector autoregression (SVAR) models for monetary policy shocks. Relative to RSH, the.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-04.pdf

News and Interest Rate Expectations: A Study of Six Central Banks

30 Nov 2004 RDP PDF 885KB
Many asset prices incorporate, among other factors, expectations about the future path of monetary policy. ... 12 In principle, macroeconomic and monetary policy surprises could affect both mean and.
https://www.rba.gov.au/publications/rdp/2004/pdf/rdp2004-10.pdf

Jobs or Hours? Cyclical Labour Market Adjustment in Australia

7 Sep 2017 RDP PDF 1259KB
Research Discussion Paper. Jobs or Hours? Cyclical Labour Market Adjustment in Australia. James Bishop, Linus Gustafsson and Michael Plumb. RDP 2016-06. Figures in this publication were generated using Mathematica. The contents of this publication
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-06.pdf

Do Interest Rates Affect Business Investment? Evidence from Australian Company-level Data

27 Apr 2018 RDP PDF 1257KB
the link between monetary policy and business investment in Australia. JEL Classification Number: E22. ... description, this inverse relationship is essential to understanding how changes in monetary policy.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-05.pdf

Capital Flows and Exchange Rate Determination

19 Nov 2012 RDP PDF 1148KB
between the beginning of 1985 and late 1987, monetary policy has been used in this way. ... in the first half of 1985, when the Australian dollar fell sharply, monetary policy was tightened.
https://www.rba.gov.au/publications/rdp/1989/pdf/rdp8908.pdf

Saving and Investment in the 1980s

19 Nov 2012 RDP PDF 2829KB
insufficient saving and the accumulation of external debt. Policies to boost. ... current account. In the final Section the main policy issues raised in the.
https://www.rba.gov.au/publications/rdp/1990/pdf/rdp9004.pdf

MEETING ON MONETARY ISSUES Reserve Bank of Australia Research ...

15 Oct 2014 RDP PDF 980KB
This information should not be seen as defining the aims of monetary policy. ... Reserve Bank of Australia, Bulletin, May 1985. Valentine. T.J. • 'Recent Australian Monetary Policy".
https://www.rba.gov.au/publications/rdp/1985/pdf/rdp8502.pdf

Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases

2 Oct 2018 RDP PDF 1746KB
monetary benefit. But in reality, consumers’ decisions may be systematically biased, leading them. ... most recent credit card statement in answering the questionnaire. Second, reliance on self-.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-11.pdf

Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve’s Approach

27 Feb 2017 RDP PDF 1444KB
appropriate monetary policy, with the distribution of risks about the published projections viewed. ... appropriate monetary policy’ was less explicit in the past, Committee participants presumably had.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-01.pdf

Wage Growth Puzzles and Technology

21 Sep 2018 RDP PDF 1423KB
Wage price index forecasts, year-ended. Note: February Statement on Monetary Policy forecasts. ... accommodative monetary policy settings for longer than would normally be the case, encouraging.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-10.pdf