Search: central bank
RBA Glossary definition for central bank
central bank – A non-commercial bank, which may or may not be independent of government, which has some or all of the following functions: conduct monetary policy; oversee the stability of the financial system; issue currency notes; act as banker to the government; supervise financial institutions and regulate payments systems.
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Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations
1 Dec 2009
RDP
PDF
170KB
Research Discussion Paper. 9608. November 1996. Economic Analysis Department. Reserve Bank of Australia. ... This is a revised version of a paper prepared for the Bank for InternationalSettlements Central Bank Econometrics Meeting, 14th-15th December 1995
https://www.rba.gov.au/publications/rdp/1996/pdf/rdp9608.pdf
Cost-benefit Analysis of Leaning against the Wind
11 Jul 2019
RDP
2019-05
Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land,
https://www.rba.gov.au/publications/rdp/2019/2019-05.html
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Non-technical summary for 'Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions'
30 Dec 2022
RDP
PDF
535KB
RDP 2022-09 non-technical summary
https://www.rba.gov.au/publications/rdp/2022/2022-09/rdp-2022-09-non-technical-summary.pdf
Emergency Liquidity Injections
10 Oct 2019
RDP
2019-10
This reduces banks' losses on illiquid securities without incentivising more liquidity risk-taking. ... Liquidity injections via securities purchases cannot credibly be penalising, because the policy does not require banks to commit future income.
https://www.rba.gov.au/publications/rdp/2019/2019-10.html
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Anticipatory Monetary Policy and the ‘Price Puzzle’
22 May 2017
RDP
2017-02
Romer and Romer (2004) and Cloyne and Hürtgen (2016) successfully remove the price puzzle from US and UK data, respectively, by purging the cash rate of systematic policy responses to central ... Reserve Bank of Australia, 2001–2024. All rights
https://www.rba.gov.au/publications/rdp/2017/2017-02.html
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Disagreement about Inflation Expectations
20 Apr 2016
RDP
2016-02
Disagreement in expectations has important implications for anchoring of inflation expectations and central bank credibility. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and
https://www.rba.gov.au/publications/rdp/2016/2016-02/
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Firms’ Price-setting Behaviour: Insights from Earnings Calls
6 Nov 2023
RDP
PDF
1677KB
differential assessment of publicly available information between the central bank and the private. ... central bank surveys of firms’ pricing behaviour.13 However, compared to central bank surveys, the.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-06.pdf
Tests of Simple Targeting Rules for Monetary Policy
2 Dec 2008
Research Workshop
PDF
353KB
Reserve Bank of Australia Workshop 2008: Monetary Policy in Open Economies
https://www.rba.gov.au/publications/workshops/research/2008/otto.pdf
Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach
28 Feb 2017
RDP
2017-01
Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land,
https://www.rba.gov.au/publications/rdp/2017/2017-01.html
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The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
21 Nov 2023
RDP
PDF
2354KB
3 Governments and central banks in some countries – such as the Netherlands, Norway and the United Kingdom – have. ... across economies. Sources: Bank of Canada; Colmar Brunton; De Nederlandsche Bank; Deutsche Bundesbank; European Central Bank;
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf