Search: Statement on Monetary Policy
RBA Glossary definition for Statement on Monetary Policy
Statement on Monetary Policy – The Reserve Bank of Australia (RBA) issues a Statement on Monetary Policy four times a year. These statements assess current economic conditions and the prospects for inflation and output growth. These statements have replaced the Semi-Annual Statements on Monetary Policy and the Quarterly Reports on the Economy and Financial Markets, which were previously issued by the RBA.
RBA Glossary definition for monetary policy
monetary policy – monetary policy involves using interest rates to influence aggregate demand, employment and inflation in the economy.
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The Model
9 Oct 2019
RDP
2019-10
The modelling goal is to compare policies by how well the authority can achieve its objectives given banks' reactions to the policy and their interactions with securities buyers. ... The paper focuses on the following three policies (P, p):. Unsecured
https://www.rba.gov.au/publications/rdp/2019/2019-10/the-model.html
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The Real Effects of Debt Covenants: Evidence from Australia
24 Oct 2022
RDP
PDF
1647KB
transmission of monetary policy shocks while other types of covenants appear to mitigate. ... Appendix D: Direct Effects – Robustness Checks 23. Appendix E: Monetary Policy Shocks 25.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-05.pdf
Risk versus Uncertainty
31 Dec 2000
RDP
2000-10
RDP 2000-10: Monetary Policy-Making in the Presence of Knightian Uncertainty 3. ... Two ways of relaxing the assumptions underlying expected utility theory to allow for Knightian uncertainty are discussed in the next section and the implications for the
https://www.rba.gov.au/publications/rdp/2000/2000-10/risk-versus-uncertainty.html
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Appendix A: Timeline of Key Public Statements/Publications
31 Dec 2010
RDP
2010-06
RDP 2010-06: Asset Prices, Credit Growth, Monetary and Other Policies: An Australian Case Study Appendix A: Timeline of Key Public Statements/Publications. ... Monetary policy should, as far as possible, avoid adding to them.’ p 3.
https://www.rba.gov.au/publications/rdp/2010/2010-06/appendix-a.html
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The Real Effects of Debt Covenants: Evidence from Australia
25 Oct 2022
RDP
2022-05
composition of covenants to capture the average partial response to a monetary policy shock. ... The shift may have also made employment slightly less responsive to monetary policy.
https://www.rba.gov.au/publications/rdp/2022/2022-05/full.html
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Do Australian Households Borrow to Keep up with the Joneses?
8 Nov 2022
RDP
PDF
1659KB
indebtedness? Figure 3 plots total household debt in real monetary terms against the Gini coefficient. ... 7 Results for debt accumulation in monetary terms are robust and can be found in Table B5.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-06.pdf
How Many Jobs Did JobKeeper Keep?
23 Nov 2020
RDP
2020-07
Sources: ABS; Australian Government (2020c, p 38); Authors' calculations. Our findings have implications for policy. ... An important policy question is whether JobKeeper was effective in alleviating the longer-run effects of labour market scarring.
https://www.rba.gov.au/publications/rdp/2020/2020-07/full.html
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How Many Jobs Did JobKeeper Keep?
2 Dec 2020
RDP
PDF
1843KB
Sources: ABS; Australian Government (2020c, p 38); Authors’ calculations. Our findings have implications for policy. ... An important policy question is whether JobKeeper was effective in alleviating the longer-run effects.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-07.pdf
Credit Losses at Australian Banks: 1980–2013
8 May 2015
RDP
PDF
1495KB
The creation of the individual provision is funded through an expense item on the bank’s statement of profit and loss. ... Credit risk evaluation was shoddy. Corporate lending policies and procedures were not even compended into a credit policy manual
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-06.pdf
Job Loss, Subjective Expectations and Household Spending
18 Aug 2021
RDP
2021-08
For policymakers, our results highlight the costliness of unemployment to households and reaffirm the importance of policies that keep the level and duration of unemployment low. ... it1. ) is observed as a binary outcome, as shown by the indicator
https://www.rba.gov.au/publications/rdp/2021/2021-08/full.html
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