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15 Feb 2024
RDP
2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
An inherent difficulty in examining the effect of monetary policy on innovation is that the official cash rate will be endogenous. ... We consider four measures:. The change in the policy rate (cash rate) itself.
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
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13 Feb 2024
RDP
PDF
1260KB
cash rate will be endogenous. That is, innovation activity and monetary policy are co-determined by. ... shock measures. We consider four measures:. • The change in the policy rate (cash rate) itself. •
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf
3 Jan 2023
RDP
2022-09
Matthew Read
cash rate, exchange rate, inflation, modelling, monetary policy. Existing estimates of the macroeconomic effects of Australian monetary policy tend to be based on strong, potentially contentious, assumptions. ... There is robust evidence that an increase
https://www.rba.gov.au/publications/rdp/2022/2022-09.html
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18 Jan 2022
RDP
2022-01
Anthony Brassil, Mike Major and Peter Rickards
In the RBA's macroeconometric model, known as MARTIN (Ballantyne et al 2019), the difference between banks' mortgage rates and the RBA's cash rate is treated as exogenous (i.e. ... With deposit rates unable to move below zero, cash rate reductions cause
https://www.rba.gov.au/publications/rdp/2022/2022-01/full.html
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8 Jun 2023
RDP
PDF
1310KB
between interest rates and NIMs, with the marginal impact of a cut to the cash rate larger in low. ... pricing power. As a result, following a cut to cash rates, these banks can ensure the fall in their.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-05.pdf
31 Jan 2006
RDP
PDF
245KB
The weighted average of these two rates is called the official cash rate. ... In practice, it is the unofficial cash rate which is targeted by the Bank (though, as explained later, the unofficial and official cash rates are about equal).
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9214.pdf
10 Nov 2021
RDP
2021-10
Gianni La Cava and Lydia Wang
The relevant interest rate is derived from RBA statistical table ‘F5 Indicator Lending Rates’. ... Households may respond to this increased risk by increasing their rate of precautionary saving.
https://www.rba.gov.au/publications/rdp/2021/2021-10/full.html
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21 Jun 2023
RDP
2023-05
Callan Windsor, Terhi Jokipii and Matthieu Bussiere
Starting with the impact on banks' interest margins, several studies identify a nonlinear relationship between interest rates and NIMs, with the marginal impact of a cut to the cash rate larger ... In fact, for France, Norway and Poland a further
https://www.rba.gov.au/publications/rdp/2023/2023-05/full.html
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29 Dec 2022
RDP
PDF
1886KB
draw some useful inferences about the effects of changes in the cash rate. ... zero-coupon forward rates) to further purge the cash rate of variation that is anticipated by financial.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf
8 May 2024
Submissions
The current low level of interest rates also makes holding cash relatively more attractive, due to the lower opportunity cost of holding physical cash (which earns no interest). ... Unpublished surveys commissioned by [text redacted] the Reserve Bank
https://www.rba.gov.au/publications/submissions/payments-system/proposed-merger-armaguard-and-prosegur-submission-october-2022/index.html