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RBA Glossary definition for macro economy

macro economy – The economy looked at as a whole or in terms of major components measured by aggregates such as gross domestic product, the balance of payments and related links, in the context of the national economy. This contrasts with microeconomics which focuses upon specific firms or industries.

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Appendix A: Literature Review

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
relationships between macro and financial variables (Adrian, Boyarchenko and Giannone 2019a, 2019b; Hartigan and Wright 2021). ... Some central bank stress testing frameworks include an amplifying feedback to the real economy.
https://www.rba.gov.au/publications/rdp/2022/2022-01/appendix-a.html
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Statement on Monetary Policy - August 2015

7 Aug 2015 SMP - August 2015 PDF 1966KB
https://www.rba.gov.au/publications/smp/2015/aug/pdf/0815.pdf

Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia

22 Mar 2023 RDP 2023-03
Jonathan Hambur and Dan Andrews
However, growth in labour productivity has slowed markedly over recent decades in Australia and other advanced economies. ... firms been larger, by 2017 the economy would have been $13 billion (or per cent of GDP) larger, equating to around $550 per
https://www.rba.gov.au/publications/rdp/2023/2023-03/full.html
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Statement on Monetary Policy - February 2015

5 Feb 2015 SMP - February 2015 PDF 2273KB
https://www.rba.gov.au/publications/smp/2015/feb/pdf/0215.pdf

International and Foreign Exchange Markets

10 May 2015 SMP – May 2015
Share prices in most emerging markets have outperformed those in advanced economies in 2015 to date (Graph 2.15). ... Net capital inflows to the Australian economy were 3 per cent of GDP in the December quarter.
https://www.rba.gov.au/publications/smp/2015/may/intl-fx-mkts.html

The Rise in Household Liquidity

24 Nov 2021 RDP PDF 1793KB
made the economy more financially fragile (Bartscher et al 2020). Figure 1: Australian Household Balance Sheets. ... in Australia, as well as across other advanced economies. 3. Figure 2: Household Liquid Assets.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-10.pdf

Did Labour Market Concentration Lower Wages Growth Pre-COVID?

1 Mar 2023 RDP 2023-02
Jonathan Hambur
The topic has received a lot of focus in recent years in response to slow wages growth, and evidence of increasing inequality and declining labour shares in some advanced economies. ... Errors clustered at the local market level. To provide a sense of
https://www.rba.gov.au/publications/rdp/2023/2023-02/full.html
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Macroprudential Limits on Mortgage Products: The Australian Experience

4 Aug 2021 RDP PDF 2345KB
Bank fixed effects are. therefore not included. The macro controls are GDP growth, housing price growth and the set of. ... where b is a set of bank-level fixed effects. The bank and macro controls are the same as in.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-07.pdf

References

11 Jun 2008 RDP 2008-03
Mariano Kulish and Daniel Rees
RDP 2008-03: Monetary Transmission and the Yield Curve in a Small Open Economy References. ... Rudebusch GD and T Wu (2004), ‘A Macro-Finance Model of the Term Structure, Monetary Policy, and the Economy’, Federal Reserve Bank of San Francisco
https://www.rba.gov.au/publications/rdp/2008/2008-03/references.html
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2. Resilience of Australian Households and Businesses

9 Oct 2023 FSR - October 2023 PDF 1571KB
https://www.rba.gov.au/publications/fsr/2023/oct/pdf/02-household-business-finances-in-australia.pdf