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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MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model
12 Jan 2022
RDP
PDF
1774KB
scenario from the May 2020 Statement on Monetary Policy (RBA 2020c) into BA-MARTIN and then. ... policy (if monetary policy is unconstrained). With this expansionary policy also leading to reduced.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf
DSGE Reno: Adding a Housing Block to a Small Open Economy Model
1 Apr 2018
RDP
2018-04
Monetary policy is assumed to be active and follows a Taylor-type rule. ... 3.74. 4.03. 2.71. 5.42. Monetary policy and UIP. ρ. r. Beta.
https://www.rba.gov.au/publications/rdp/2018/2018-04/full.html
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Is the Phillips Curve Still a Curve? Evidence from the Regions
31 Aug 2021
RDP
2021-09
the systematic response of monetary policy to economic conditions. imperfect controls for inflation expectations. ... Second, the estimation samples for the RBA models span a stable monetary policy regime.
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html
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Data Description
21 Jun 2023
RDP
2023-05
This is a flow item from the income statement. Panel B: Variables of interest. ... By contrast, the median NIM has been declining over the past decade, consistent with the decline in policy rates.
https://www.rba.gov.au/publications/rdp/2023/2023-05/data-description.html
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Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia
22 Mar 2023
RDP
2023-03
It will also make it harder to conduct monetary policy, as it will mean lower potential growth and real neutral interest rates, increasing the likelihood that nominal interest rates hit the ... Despite accommodative monetary policy, investment remained
https://www.rba.gov.au/publications/rdp/2023/2023-03/full.html
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Explaining Monetary Spillovers: The Matrix Reloaded
1 Apr 2019
RDP
2019-03
We perform this analysis for monetary policy shocks originating from 7 advanced economies. ... To broaden the channels through which monetary policy can have an impact, and in order to accommodate episodes of unconventional policies, we expand the
https://www.rba.gov.au/publications/rdp/2019/2019-03/full.html
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Uncertainty and Monetary Policy
1 Oct 2017
RDP
2017-06
However, we cannot rule out the possibility that the nonlinear effects of systematic monetary policy uncovered in our analysis are also capturing nonlinearities related to other macroeconomic policies, most notably fiscal ... While being consistent with
https://www.rba.gov.au/publications/rdp/2017/2017-06/uncertainty-and-monetary-policy.html
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Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
PDF
1706KB
Because monetary policy only responds to aggregate shocks, region-specific variation can be used. ... McLeay and Tenreyro 2020). Since monetary policy does not offset region-specific demand shocks,.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf
Firms' Price-setting Behaviour: Insights from Earnings Calls
11 Sep 2023
RDP
2023-06
This is done using two techniques. The first is a simple dictionary-based approach with each word coming from new dictionaries developed in consultation with policy experts from the Reserve Bank ... called ‘communication channel’ of monetary policy.
https://www.rba.gov.au/publications/rdp/2023/2023-06/full.html
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The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
In this section we consider each policy announcement in turn. At midday on 16 March 2020, amid a serious deterioration in financial market function, the Reserve Bank released a statement stating ... as a new signal about the Board's future monetary
https://www.rba.gov.au/publications/rdp/2022/2022-02/full.html
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