Search: monetary aggregates
RBA Glossary definition for monetary aggregates
monetary aggregates – A series of measures of the values of currency on issue, current deposits with banks, other deposits with banks, plus borrowings from the private sector by non-bank financial institutions (NBFIs) less currency and bank deposits by NBFIs. Components consist of: 'M1' defined as currency plus bank current deposits from the private non-bank sector; 'M3' defined as M1 plus all other authorised deposit-taking institution (ADI) deposits from the private non-ADI sector, plus certificates of deposit issued by banks, less ADI deposits held with one another; 'Broad money' defined as M3 plus other short-term liquid AFI liabilities held by the private sector, except those held by other AFIs ; 'Money base' defined as holdings of banknotes and coins by the private sector plus deposits of banks with the Reserve Bank of Australia (RBA) and other RBA liabilities to the private non-bank sector
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5 September 2023 | Minutes of the Monetary Policy Meeting of the Board
19 Sep 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 September 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-09-05.html
Aggregate Responses
31 Dec 2014
RDP
2014-08
Aggregate Responses. Peter Downes, Kevin Hanslow and Peter Tulip. August 2014 – ISSN 1320-7229 (Print), ISSN 1448-5109 (Online). ... Higher mining investment also increases the national capital stock and hence aggregate supply.
https://www.rba.gov.au/publications/rdp/2014/2014-08/agg-res.html
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Do Financial Aggregates Lead Activity?: A Preliminary Analysis
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
Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
22 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? ... References. Beckers B (2020), ‘Credit Spreads, Monetary Policy and the Price Puzzle’, RBA Research Discussion Paper No 2020-01.
https://www.rba.gov.au/publications/rdp/2023/2023-09/read-me.html
Introduction
19 Dec 2023
RDP
2023-09
This can make it hard to identify the effect of monetary policy on investment using aggregate data. ... If so, then expansionary monetary policy could entrench existing industry leaders and weaken competitive pressures, causing aggregate investment to be
https://www.rba.gov.au/publications/rdp/2023/2023-09/introduction.html
Firms’ Price-setting Behaviour: Insights from Earnings Calls
6 Nov 2023
RDP
PDF
1677KB
narrative tool for explaining aggregate fluctuations in economic conditions. Figure 5 shows that the. ... aggregate indices from both methodologies can identify significant turning points in the economy.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-06.pdf
Other Mortgage Market Outcomes
1 Jul 2021
RDP
2021-07
APRA (2019b) also concludes that, for the investor policy, the aggregate trend in housing credit growth remained broadly unchanged. ... and Norman (2020) that, in aggregate, housing prices do not have a positive effect on household debt.
https://www.rba.gov.au/publications/rdp/2021/2021-07/other-mortgage-market-outcomes.html
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Changes in the Behaviour of Banks and Their Implications for Financial Aggregates
19 Nov 2012
RDP
PDF
932KB
This removed the disincentive to raising domestic deposits. There have been significant changes to the monetary aggregates as a result. ... The relationship between monetary aggregates and economic activity could therefore become unstable, as found by
https://www.rba.gov.au/publications/rdp/1989/pdf/rdp8904.pdf
4 July 2023 | Minutes of the Monetary Policy Meeting of the Board
18 Jul 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 July 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-07-04.html
The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
1 Feb 2020
RDP
2020-02
If monetary policy systematically responds to aggregate output growth then the key identification assumption is invalid because. ... In particular, the Reserve Bank focuses on aggregate measures of economic activity and inflation in setting monetary
https://www.rba.gov.au/publications/rdp/2020/2020-02/full.html
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