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RBA Glossary definition for year-average growth

year-average growth – The rate of change between the year and the previous year, where the year is typically a calendar year or a financial year. For example 'year-average growth 2011/12' means the percentage change between the financial year 2010/11 and the financial year 2011/12. It can also be referred to as 'growth in the year'.

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Exploring the Link between the Macroeconomic and Financial Cycles | Conference – 2017

16 Mar 2017 Conferences
Adam Cagliarini and Fiona Price
However, Germany appears to be somewhat of an outlier, with negative average house price inflation and weaker credit growth over the past couple of decades. ... and GDP growth, as well as the degree of synchronisation between these cycles.
https://www.rba.gov.au/publications/confs/2017/cagliarini-price.html

Exploring the Link between the Macroeconomic and Financial Cycles

10 Feb 2020 Conferences PDF 1989KB
RBA Conference Volume 2017
https://www.rba.gov.au/publications/confs/2017/pdf/rba-conference-volume-2017-cagliarini-price.pdf

Twenty-five Years of Inflation Targeting in Australia: Are There Better Alternatives for the Next Twenty-five Years? | Conference – 2018

12 Apr 2018 Conferences
Warwick J McKibbin and Augustus J Panton
Under a nominal income target, suppose the target of the RBA is 6 per cent per year calculated assuming 3 per cent potential growth and 3 per cent inflation. ... This alternative is the specification used in the G-Cubed model because average trend output
https://www.rba.gov.au/publications/confs/2018/mckibbin-panton.html

Rates Normalization Amid Elevated Global Financial Vulnerabilities

29 Dec 2022 Conferences PDF 1623KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-natalucci.pdf

Discussion on Productivity: The Lost Decade | Conference – 2011

16 Aug 2011 Conferences
b) Due to measurement issues, unit labour costs growth does not precisely equal the difference between average earnings and productivity growth. ... Faster average growth in nominal unit labour costs since 2005 (relative to 1993–2004) has been driven by
https://www.rba.gov.au/publications/confs/2011/eslake-disc.html

Prospects for Output and Employment Growth with Steady Inflation

7 Dec 2006 Conferences PDF 86KB
RBA Conference Volume 1998
https://www.rba.gov.au/publications/confs/1998/pdf/dungey-pitchford.pdf

Discussion of Inflation and Interest Rates

27 Nov 2023 Conferences PDF 230KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-cochrane-discussion-presentation.pdf

New Financial Stability Governance and Central Banks | Conference – 2017

16 Mar 2017 Conferences
Rochelle Edge and Nellie Liang
the CB and banking supervisory agencies have lower average costs than those countries with separate arrangements. ... Lim et al (2013) examine if the institutional arrangements can explain response times for the use of tools to moderate credit growth.
https://www.rba.gov.au/publications/confs/2017/edge-liang.html

Discussion | Conference – 2018

12 Apr 2018 Conferences
What about the favoured alternative in the paper by Warwick McKibbin and Augustus Panton – targeting nominal income growth instead of inflation? ... A participant relayed their experience that forecasting the level and growth of nominal GDP was much
https://www.rba.gov.au/publications/confs/2018/mckibbin-panton-disc.html

Is Monetary Policy Less Effective When Interest Rates Are Persistently Low?

10 Feb 2020 Conferences PDF 1690KB
RBA Conference Volume 2017
https://www.rba.gov.au/publications/confs/2017/pdf/rba-conference-volume-2017-borio-hofmann.pdf