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1 Aug 2021
RDP
2021-09
James Bishop and Emma Greenland
RDP 2021-09: Is the Phillips Curve Still a Curve? Evidence from the Regions Appendix A: RBA Aggregate Wage Phillips Curve Specification, Coefficients and Implied Slope.
https://www.rba.gov.au/publications/rdp/2021/2021-09/appendix-a.html
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9 Dec 2019
RDP
2019-11
Bradley Jones and Joel Bowman
Research Discussion Paper – RDP 2019-11 China's Evolving Monetary Policy Framework in International Context. ... arrangements. Fourth, our empirical analysis of monetary policy transmission points to both similarities and differences: while policy
https://www.rba.gov.au/publications/rdp/2019/2019-11.html
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13 Feb 2024
RDP
PDF
1260KB
US innovative activity. We find that contractionary (expansionary) monetary policy shocks reduce (increase) aggregate R&D. ... One is the. demand channel: contractionary monetary policy may weaken aggregate demand and therefore.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf
18 Aug 2003
Conferences
Charles Bean
RBA Annual Conference – 2003 Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? ... imbalances. And that may be aggravated when monetary policy has a high degree of counter-inflationary credibility as excessive
https://www.rba.gov.au/publications/confs/2003/bean.html
22 Mar 2023
RDP
2023-03
Jonathan Hambur and Dan Andrews
allow us to understand how aggregate productivity would have evolved had reallocation not slowed. ... larger, aggregate MFP and output growth would have been moderately stronger in each year since 2008.
https://www.rba.gov.au/publications/rdp/2023/2023-03/aggregate-implications.html
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21 Jul 1997
Conferences
Stephen Grenville
The check-list was described in Johnston (1985a, p. 812): ‘The relevant indicators include all the monetary aggregates; interest rates; the exchange rate; the external accounts; the current performance and outlook ... The guidance of monetary
https://www.rba.gov.au/publications/confs/1997/grenville.html
1 Nov 1984
RDP
8402
Lindsay F. Boulton and Warren J. Tease
CAGAN, P. “The Choice Among Monetary Aggregates as Targets and Guides for Monetary Policy”. ... 44, 1976, pp.979–999. OFFENBACHER, E.K. “Economic Monetary Aggregates, Comment”. Journal Econometrics. ,
https://www.rba.gov.au/publications/rdp/1984/8402/monetary-policy.html
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20 Jun 1989
Conferences
The discussants agreed with the paper's conclusions that central banks began targeting monetary aggregates as a tactical response to a specific set of economic conditions, not as a revolutionary change ... The important point is that simple interest rate
https://www.rba.gov.au/publications/confs/1989/summary-of-discussion.html
19 Nov 2012
RDP
PDF
912KB
monetary aggregates. Both the measured monetary aggregate and the monetary. base are assumed to be observable (published) variables. ... This would suggest that one should describe the monetary "state" of the economy as being determined by some
https://www.rba.gov.au/publications/rdp/1986/pdf/rdp8601.pdf
19 Nov 2012
RDP
PDF
694KB
Davis qualifies this conclusion,. however, by noting that where innovation distorts the monetary aggregates,. ... support for targeting a credit aggregate, these aggregates may contribute. useful additional information until the innovations which distort
https://www.rba.gov.au/publications/rdp/1988/pdf/rdp8803.pdf