Search: Nominal interest rate
RBA Glossary definition for Nominal interest rate
Nominal interest rate – The nominal interest rate refers to the cost of borrowing money before adjustment for inflation i.e. it includes compensation for the expected erosion of the value of the borrowed funds due to inflation. It is the cost visible to the borrower, and is composed of the real interest rate plus inflation.
RBA Glossary definition for interest rate
interest rate – The term used to describe the cost of borrowing money or the return to the owner of the funds which are invested or lent out. It is usually expressed as a percent per annum of the amount of money borrowed, lent or invested.
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Taming the Real Estate Beast: The Effects of Monetary and Macroprudential Policies on Housing Prices and Credit | Conference – 2012
20 Aug 2012
Conferences
The equality is expressed as:. where R/P is the rent-to-price ratio, i is the relevant nominal interest rate, δ is the rate of physical depreciation, σ is the ... To give a sense of how these policies have been implemented in practice, Figures 2 to 4
https://www.rba.gov.au/publications/confs/2012/kuttner-shim.html
Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? | Conference – 2003
18 Aug 2003
Conferences
Monetary Conditions Indices (MCIs) that weight together nominal interest rates and the exchange rate are often used to indicate whether monetary conditions have changed, on the argument that a fall in ... the exchange rate – seen as a monetary variable
https://www.rba.gov.au/publications/confs/2003/bean.html
Pandemic-Era Inflation Drivers and Global Spillovers
23 Nov 2023
Conferences
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797KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-di-giovanni-kalemli-ozcan-silva-yildirim.pdf
Competition, Markups, and Inflation: Evidence from Australian Firm-level Data
23 Nov 2023
Conferences
PDF
1757KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-champion-edmond-hambur.pdf
The Australian Financial System in the 1990s | Conference – 2000
21 Jun 1990
Conferences
The rise in indebtedness was, in part, made possible by the fall in nominal interest rates in the early 1990s. ... Relatively low nominal interest rates meant that interest-servicing burdens were low for much of the decade.
https://www.rba.gov.au/publications/confs/2000/gizycki-lowe.html
Setting Monetary Policy in East Asia: Goals, Developments and Institutions
26 Nov 2006
Conferences
PDF
297KB
RBA Conference Volume 2001
https://www.rba.gov.au/publications/confs/2001/pdf/mccauley.pdf
Discussion of Gazing at r*: A Hysteresis Perspective
29 Dec 2022
Conferences
PDF
799KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-beaudry-kartashova-meh-discussion.pdf
The Objectives for, and Conduct of, Monetary Policy in the 1990s | Conference – 1992
21 Jun 1990
Conferences
In the long term, nominal interest rates will be determined by real (international) forces and the expected rate of inflation.). ... Hence, in order to raise real interest rates, nominal interest rates must be raised significantly more than the prior
https://www.rba.gov.au/publications/confs/1992/goodhart.html
Inflation: Performance and Policy | Conference – 1990
21 Jun 1990
Conferences
Ignoring cross-product terms, the following identities define the relationships between real and nominal interest rates pre and post tax:. ... To the extent that inflation is anticipated, this compensation for erosion of principal value will be included
https://www.rba.gov.au/publications/confs/1990/carmichael.html
A Factor Model Analysis of the Effects of Inflation Targeting on the Australian Economy | Conference – 2018
12 Apr 2018
Conferences
that includes the ‘real’ and ‘nominal’ factors from our approximate dynamic factor model and the policy interest rate. ... more to ‘nominal’ variables, such as prices, money, credit, and interest rates.
https://www.rba.gov.au/publications/confs/2018/hartigan-morley.html