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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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Appendix
1 Feb 1991
RDP
9101
RDP 9101: The Effect of Steady Inflation on Interest Rates and the Real Exchange Rate in a World with Free Capital Flows Appendix. David W. R. Gruen. February 1991. Download the Paper 384. KB. There are two relevant justifications – the first
https://www.rba.gov.au/publications/rdp/1991/9101/appendix.html
Methodology
19 Dec 2023
RDP
2023-09
In particular, Beckers (2020) estimates an augmented Taylor rule that includes forecasts for economic conditions, as well as a number of indicators of financial conditions (e.g. ... bond spreads, option-implied volatility). The shocks are then
https://www.rba.gov.au/publications/rdp/2023/2023-09/methodology.html
Adoption of Emerging Digital General-purpose Technologies: Determinants and Effects
19 Dec 2023
RDP
PDF
1692KB
Doing so does not. change the results. While we are confident that we have removed all false positives, we cannot rule out the possibility. ... does not change the results (Figure I1). 12 We can’t rule out the possibility that the nature of the early
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-10.pdf
Existing Measures of Tradeable Capacity
1 May 1994
RDP
9401
From this review, two main approaches to the allocation of resources emerge: the “rule of thumb” approach and the propensities approach. ... The rule of thumb approach is, however, impressionistic. Without actual knowledge about the extent to which
https://www.rba.gov.au/publications/rdp/1994/9401/existing-measures-tradeable.html
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Data
21 Dec 2023
RDP
2023-10
Doing so does not change the results. While we are confident that we have removed all false positives, we cannot rule out the possibility of false negatives where firms are using
https://www.rba.gov.au/publications/rdp/2023/2023-10/data.html
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Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia
16 Mar 2023
RDP
PDF
1288KB
reflect increasing use of intangible capital, which is often poorly measured, though we can’t rule out. ... by increased use of mis-measured intangible and digital capital, though we cannot rule out that this.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-03.pdf
Policy Issues
31 Dec 2006
RDP
2006-12
Old rules of thumb about individual mortgages have likewise been rendered obsolete.
https://www.rba.gov.au/publications/rdp/2006/2006-12/policy-issues.html
Macrofinancial Stress Testing on Australian Banks
20 Sep 2022
RDP
2022-03
The model projects how economic shocks may influence a bank's profitability, dividends, loan growth and capital position, primarily using decision rules and accounting identities that are uniformly applied to profit
https://www.rba.gov.au/publications/rdp/2022/2022-03.html
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Macrofinancial Stress Testing on Australian Banks
13 Sep 2023
RDP
PDF
1940KB
primarily using decision rules and accounting identities that are uniformly applied to profit and. ... capital ratios. These decision rules are founded on a principal that banks will choose to maintain.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-03.pdf
Measuring Tense
11 Sep 2023
RDP
2023-06
Because of this, we trial two approaches: a rule-based tense tagging method and a zero-shot text classifier approach. ... The tagger can recognise a wide range of temporal representations through dictionary look-up and date–time detection rules.
https://www.rba.gov.au/publications/rdp/2023/2023-06/measuring-tense.html
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