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7 Jan 2024
RDP
PDF
1715KB
to using the shock as an instrument for cash rate changes, which allows for the possibility that the. ... like. Following an initial shock of 100 basis points, the cumulative change in the cash rate is almost.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-09.pdf
15 Feb 2024
RDP
2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
An inherent difficulty in examining the effect of monetary policy on innovation is that the official cash rate will be endogenous. ... We consider four measures:. The change in the policy rate (cash rate) itself.
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
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1 Sep 2019
RDP
2019-09
Belinda Cheung and Sebastien Printant
Note: (a) Discounted variable rates on owner-occupier housing loans; spread to cash rate. ... Subsequently in 2019, net returns in all these money markets declined as the spread between money market rates and cash rate expectations narrowed.
https://www.rba.gov.au/publications/rdp/2019/2019-09/full.html
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27 Feb 2018
RDP
2018-02
Jonathan Hambur and Richard Finlay
na. na. σ. cash rate. 0.0037. (0.0001). na. na. na. na. ... Specifically, we estimated a model of nominal rates using the methodology outlined in Adrian et al (2013), but extended to include cash rate forecasts.
https://www.rba.gov.au/publications/rdp/2018/2018-02/results.html
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1 Feb 2020
RDP
2020-02
Calvin He and Gianni La Cava
In the baseline models, the stance of monetary policy is measured by the cash rate target, as published in RBA statistical table F1 (Interest Rates and Yields – Money Market). ... Carroll et al 2017). Therefore, their discount rates may be relatively
https://www.rba.gov.au/publications/rdp/2020/2020-02/full.html
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13 Feb 2024
RDP
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1260KB
cash rate will be endogenous. That is, innovation activity and monetary policy are co-determined by. ... shock measures. We consider four measures:. • The change in the policy rate (cash rate) itself. •
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf
3 Jan 2023
RDP
2022-09
Matthew Read
cash rate, exchange rate, inflation, modelling, monetary policy. Existing estimates of the macroeconomic effects of Australian monetary policy tend to be based on strong, potentially contentious, assumptions. ... There is robust evidence that an increase
https://www.rba.gov.au/publications/rdp/2022/2022-09.html
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18 Jan 2022
RDP
2022-01
Anthony Brassil, Mike Major and Peter Rickards
In the RBA's macroeconometric model, known as MARTIN (Ballantyne et al 2019), the difference between banks' mortgage rates and the RBA's cash rate is treated as exogenous (i.e. ... With deposit rates unable to move below zero, cash rate reductions cause
https://www.rba.gov.au/publications/rdp/2022/2022-01/full.html
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10 Nov 2021
RDP
2021-10
Gianni La Cava and Lydia Wang
The relevant interest rate is derived from RBA statistical table ‘F5 Indicator Lending Rates’. ... Households may respond to this increased risk by increasing their rate of precautionary saving.
https://www.rba.gov.au/publications/rdp/2021/2021-10/full.html
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19 Nov 2012
RDP
PDF
729KB
ABSTRACT. In this paper we use daily data to examine the relationships behveen the unoffidal cash rate, the $A/$US exchange rate and other interest rates. ... October 1987 period. However, shocks to cash rates have had. very little discernible effect on
https://www.rba.gov.au/publications/rdp/1990/pdf/rdp9009.pdf