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Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market
2 Dec 2009
RDP
PDF
222KB
The filtering problem of the centralbank is then solved, taking the term structure model as given. ... andin the euro area business cycles: a Bayesian DSGE approach’, European CentralBank Working Paper No 391.
https://www.rba.gov.au/publications/rdp/2006/pdf/rdp2006-05.pdf
Identifying the Efficacy of Central Bank Interventions: Evidence from Australia
8 May 2012
RDP
PDF
128KB
The paper proceeds as follows. There is a brief review, in Section 2, of centralbank intervention practices and the associated literature. ... Centralbanks can choose the method of intervention, ranging from direct trades withcommercial banks, to
https://www.rba.gov.au/publications/rdp/2003/pdf/rdp2003-04.pdf
Inflation Targeting in a Small Open Economy
1 Dec 2009
RDP
PDF
421KB
1. Introduction. The practice of inflation targeting is becoming increasingly popular amongst centralbanks. ... Flexible inflation targeting allows the centralbank to maintain low, and relatively stable inflation, while promoting stability inproduct and
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9807.pdf
Setting Monetary Policy in East Asia: Goals, Developments and Institutions
26 Nov 2006
Conferences
PDF
297KB
RBA Conference Volume 2001
https://www.rba.gov.au/publications/confs/2001/pdf/mccauley.pdf
Introduction to Monetary Policy and Inflation Targeting
7 Dec 2006
Conferences
PDF
20KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/intro-97.pdf
The Case for Inflation Targeting in East Asian Countries
26 Nov 2006
Conferences
PDF
156KB
RBA Conference Volume 2001
https://www.rba.gov.au/publications/confs/2001/pdf/debelle.pdf
Long-term Interest Rates, Risk Premia and Unconventional Monetary Policy
4 Apr 2011
RDP
PDF
518KB
In one case, we assume that the centralbank follows a policy rule in which it sets the short rate. ... Alternatively, we assume instead that the centralbank sets the long-term interest rate according to a policy rule of the form:.
https://www.rba.gov.au/publications/rdp/2011/pdf/rdp2011-02.pdf
Asset-price Bubbles and Monetary Policy
1 Dec 2009
RDP
PDF
63KB
Thisasymmetric effect of asset price changes, by reducing the extent of intermediatedfinance, can reduce output below potential and keep inflation below the centralbank’s target for extended periods. ... Centralbanks with inflation targets do not
https://www.rba.gov.au/publications/rdp/1997/pdf/rdp9709.pdf
Monetary and Fiscal Institutional Arrangements: Have We Got Them Backwards?
29 Dec 2022
Conferences
PDF
202KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-leeper-presentation.pdf
Estimation and Solution of Models with Expectations and Structural Changes
28 Jan 2015
RDP
PDF
1110KB
rt = rt1 ρπ (πtπcb)ρg (gtgcb) εr,t. (28). This specification makes a distinction between the inflation target of the centralbank and its estimate of trend growth, πcb and gcb, and ... However, the centralbank’s view of trend growth does not. At
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-08.pdf