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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
David W.R. Gruen
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
Jacqueline Dwyer and Christine Groeger
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
Kim Nguyen and Jonathan Hambur
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
Luci Ellis
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
Nicholas Garvin, Samuel Kurian, Mike Major and David Norman
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
Callan Windsor and Max Zang
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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