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RBA Glossary definition for weighted average issue yield

weighted average issue yield – The weighted average of successful yields at auction of Australian Government Securities. Yields are weighted by the share of the total amount sold that is allocated to each successful bidder.

RBA Glossary definition for yield

yield – The expected rate of return expressed as a percentage of the net outlay or net proceeds of an investment, not of its face value.

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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE

21 Sep 2023 RDP 2023-09
Jonathan Hambur
Other measures, including those constructed from high-frequency changes in bond yields, are also explored below. ... This measure is constructed using information on the average of the funding requirements of US firms.
https://www.rba.gov.au/publications/rdp/2023/2023-09/full.html

Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
To avoid this issue, our main regressions focus on firms with at least five observations. ... 1). But this average result hides very different outcomes for small and large firms.
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
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The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment

25 Jan 2023 RDP PDF 1588KB
This work builds on their research, which focused on average changes in WTP. ... Average effectsare large and the change in the marginal buyer is significantly lower.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-01.pdf

The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment

31 Jan 2023 RDP 2023-01
Tom Cusbert
the price) assuming inelastic supply, and compares them to the average change in WTPs. ... Figure 6: Effect of Collateral Constraints by Market Segment. Average effect versus marginal WTP.
https://www.rba.gov.au/publications/rdp/2023/2023-01/full.html

The Term Funding Facility: Has It Encouraged Business Lending?

13 Dec 2022 RDP 2022-07
Sharon Lai, Kevin Lane and Laura Nunn
BBSW). (b) Face-value weighted monthly average. Sources: Bloomberg; Intercontinental Exchange, Inc.; KangaNews; RBA. ... Notes: (a) Adjusted for cross-currency hedging. (b) Covered bonds trade at yields on average about 5 basis points below senior
https://www.rba.gov.au/publications/rdp/2022/2022-07/full.html
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A History of Australian Equities

31 Jul 2019 RDP PDF 1467KB
However,. even if every company missing dividend data was assumed to pay a zero dividend, the average yield over the. ... yield issue and therefore on the lower end of Australian ERP estimates.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-04.pdf

Do Australian Households Borrow to Keep up with the Joneses?

10 Nov 2022 RDP 2022-06
Kim Nguyen
The mean age of household heads is roughly 52 years old and on average households have two children. ... Their weighted average constitutes the estimated effect in Table 2. I find that households in the middle-to-upper end of the local income
https://www.rba.gov.au/publications/rdp/2022/2022-06/full.html

Do Australian Households Borrow to Keep up with the Joneses?

8 Nov 2022 RDP PDF 1659KB
growth in Australia has brought significant improvement in income for the average Australian. ... Their weighted. average constitutes the estimated effect in Table 2. I find that households in the middle-to-upper.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-06.pdf

Is the Phillips Curve Still a Curve? Evidence from the Regions

29 Aug 2021 RDP PDF 1706KB
In particular, Phillips curve identification can be complicated due to three main endogeneity issues:. ... exacerbates this identification issue. Cost-push shocks move inflation independently of demand, and.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf

The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets

1 Feb 2020 RDP 2020-02
Calvin He and Gianni La Cava
t. )) is approximately equal to a constant (k), the weighted average of the log level of the future housing price. (. (. ... Housing servicing ratio. More. Housing supply conditions. Average sales price. Average sales price.
https://www.rba.gov.au/publications/rdp/2020/2020-02/full.html
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