Search: monetary aggregates
RBA Glossary definition for monetary aggregates
monetary aggregates – A series of measures of the values of currency on issue, current deposits with banks, other deposits with banks, plus borrowings from the private sector by non-bank financial institutions (NBFIs) less currency and bank deposits by NBFIs. Components consist of: 'M1' defined as currency plus bank current deposits from the private non-bank sector; 'M3' defined as M1 plus all other authorised deposit-taking institution (ADI) deposits from the private non-ADI sector, plus certificates of deposit issued by banks, less ADI deposits held with one another; 'Broad money' defined as M3 plus other short-term liquid AFI liabilities held by the private sector, except those held by other AFIs ; 'Money base' defined as holdings of banknotes and coins by the private sector plus deposits of banks with the Reserve Bank of Australia (RBA) and other RBA liabilities to the private non-bank sector
Search Results
Money and Finance | Conference – 1990
21 Jun 1990
Conferences
output, prices. intermediaries'. balance sheets. monetary. aggregates. The two main issues inherent in the transmission mechanism are:. ... Monetary aggregates, output, and prices may change for reasons other than changes in monetary policy.
https://www.rba.gov.au/publications/confs/1990/milbourne.html
The Objectives for, and Conduct of, Monetary Policy in the 1990s | Conference – 1992
21 Jun 1990
Conferences
as some monetary aggregate or the exchange rate, (as in the Exchange Rate Mechanism in Europe). ... Against that background, the statistical definition and calculation of monetary aggregates (other than Mo) on a 1/0 basis, (i.e.
https://www.rba.gov.au/publications/confs/1992/goodhart.html
Studies in Money and Credit
20 Jun 1989
Conference
–
1989
The Reserve Bank of Australia 1989 conference is on the topic: ‘Studies in Money and Credit’
https://www.rba.gov.au/publications/confs/1989/
Changes in the Behaviour of Banks and Their Implications for Financial Aggregates | Conference – 1989
20 Jun 1989
Conferences
The graph shows that, over the period from 1984 to 1988, the monetary aggregates (M3 and broad money) grew at much lower rates than the lending aggregate which, in turn, grew ... The relationship between monetary aggregates and economic activity could
https://www.rba.gov.au/publications/confs/1989/battellino-mcmillan.html
Financial-asset Prices and Monetary Policy: Theory and Evidence | Conference – 1997
21 Jul 1997
Conferences
As monetary policy affects prices through the effect of interest rates and asset prices on aggregate demand, it is optimal to change interest rates in such a way that the combined ... the output gap and that monetary policy affected the output gap mainly
https://www.rba.gov.au/publications/confs/1997/smets.html
Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? | Conference – 2003
18 Aug 2003
Conferences
RBA Annual Conference – 2003 Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? ... imbalances. And that may be aggravated when monetary policy has a high degree of counter-inflationary credibility as excessive
https://www.rba.gov.au/publications/confs/2003/bean.html
Conference on Money and Credit: Summary of Discussion | Conference – 1989
20 Jun 1989
Conferences
The discussants agreed with the paper's conclusions that central banks began targeting monetary aggregates as a tactical response to a specific set of economic conditions, not as a revolutionary change ... The important point is that simple interest rate
https://www.rba.gov.au/publications/confs/1989/summary-of-discussion.html
The Debate on Alternatives for Monetary Policy in Australia
7 Dec 2006
Conferences
PDF
85KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/edey.pdf
The Evolution of Monetary Policy: From Money Targets to Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
The check-list was described in Johnston (1985a, p. 812): ‘The relevant indicators include all the monetary aggregates; interest rates; the exchange rate; the external accounts; the current performance and outlook ... The guidance of monetary
https://www.rba.gov.au/publications/confs/1997/grenville.html
The Relationship Between Financial Indicators and Economic Activity: 1968–1987 | Conference – 1989
31 Dec 1968
Conferences
The evidence for monetary and credit aggregates is mixed. M1 tends to lead private spending (though this is probably not independent of interest rates). ... For the monetary and credit aggregates, all data are from the Reserve Bank Bulletin.
https://www.rba.gov.au/publications/confs/1989/bullock-morris-stevens.html