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1 Jun 2000
RDP
2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
π. t. three-year average of past inflation. r. t. real cash rate, defined as r. ... i. t. nominal cash rate. u. t. unit labour costs. y.
https://www.rba.gov.au/publications/rdp/2000/2000-05/appendix-d.html
1 Jun 2000
RDP
2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
We track the response of the model to five events: a permanent one percentage point increase in the real cash rate, and one-off one per cent shocks to the level ... The real cash rate is held constant throughout the simulations involving one-off shocks.
https://www.rba.gov.au/publications/rdp/2000/2000-05/simulations.html
1 Jun 2000
RDP
2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
The effect of monetary policy on the economy is modelled in terms of the effect that changes in the policy interest rate, the nominal cash rate, have on the real cash ... rate. The real cash rate in turn has a direct impact on real output and the real
https://www.rba.gov.au/publications/rdp/2000/2000-05/overview.html
1 Jun 2000
RDP
2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
165.484). Real cash rate (lags 2 to 7). (b). 0.052. {0.001}. ... b) The mean coefficient is reported for the real cash rate to summarise the coefficients on its lags.
https://www.rba.gov.au/publications/rdp/2000/2000-05/appendix-b.html
1 Jun 2000
RDP
2000-05
Meredith Beechey, Nargis Bharucha, Adam Cagliarini, David Gruen and Christopher Thompson
t. , is zero. r. t. per cent per annum. The real cash rate is at neutral in steady state. ... Neutral is assumed to equal the average real cash rate since the early 1990s disinflation, 1993:Q1–1999:Q3.
https://www.rba.gov.au/publications/rdp/2000/2000-05/steady-state-and-potential-output.html