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Fiscal Policy

31 Dec 2011 RDP 2011-07
Jonathan Kearns and Philip Lowe
Yet the public commitment to sound fiscal policy that emerged during those years has been highly persistent. ... The financial crisis in 2008 changed this, with many countries implementing large fiscal stimuli, under the imprimatur of the IMF and the G-20
https://www.rba.gov.au/publications/rdp/2011/2011-07/fiscal-policy.html
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Introduction

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
Most loans are variable rate, and even the fixed-rate loans tend to have rates fixed for less than three years (far less than the 30-year mortgages common in the ... Forecasted amplifications would be smaller, as some combination of fiscal, monetary and
https://www.rba.gov.au/publications/rdp/2022/2022-01/introduction.html
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The Origin of the Asian Financial Turmoil

1 Dec 2009 RDP PDF 451KB
2.4 Equity Prices 12. 2.5 Real Impact of the Financial Problems 14. ... Legislation will] consolidate the supervisory functions [and]allow prompt close of insolvent financial institutions.
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9805.pdf

Macrofinancial Stress Testing on Australian Banks

20 Sep 2022 RDP 2022-03
Nicholas Garvin, Samuel Kurian, Mike Major and David Norman
According to the Bank for International Settlements (BCBS 2010), financial crises have on average resulted in a cumulative loss of economic output (over several years) equivalent to over 60 per cent ... The Reserve Bank of Australia's Financial Stability
https://www.rba.gov.au/publications/rdp/2022/2022-03/full.html
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The Intertemporal Government Budget Constraint and Tests for Bubbles

19 Nov 2012 RDP PDF 650KB
matures at the end of the year. Equation (1) can be rewritten as. ... is said to be engaging in bubble financing of it's fiscal deficit.
https://www.rba.gov.au/publications/rdp/1988/pdf/rdp8809.pdf

The World Economy from 1979 to 1988: Results from the MSG2 Model

19 Nov 2012 RDP PDF 1398KB
This suggests that either German fiscal policy was surprisingly tight or the economy grew surprisingly fast in these years. ... Year Country Monetary Policy Fiscal Policy. 1979 u.s. tight Germany tight spending cuts Japan stable spending cuts.
https://www.rba.gov.au/publications/rdp/1989/pdf/rdp8901.pdf

How Many Jobs Did JobKeeper Keep?

2 Dec 2020 RDP PDF 1843KB
effective in reducing employment losses during the global financial crisis (GFC), albeit with some. ... Hubbard and Strain (2020) find that the PPP substantially increased the employment, financial health.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-07.pdf

The Balance of Payments in the 1980s

19 Nov 2012 RDP PDF 2310KB
However, McKibbin and Morling(1989), suggest that part of the fiscal. consolidation of the last few years has been offset by Ricardian-type. ... in the past few years has been a major factor mitigating the effects of fiscal.
https://www.rba.gov.au/publications/rdp/1990/pdf/rdp9003.pdf

MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model

12 Jan 2022 RDP PDF 1774KB
one of the key financial accelerator mechanisms – a banking sector that endogenously and. ... than three years (far less than the 30-year mortgages common in the United States).
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf

Cost-benefit Analysis of Leaning against the Wind

5 Jul 2019 RDP PDF 1512KB
6.3 ‘Policy Should Lean against the Financial Cycle’ 19. 7. Conclusion 20. ... the best tool for addressing financial imbalances. Stronger prudential regulation, such as capital.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-05.pdf