Search: Four Pillars Policy
RBA Glossary definition for Four Pillars Policy
Four Pillars Policy – An Australian Government policy that there should be no fewer than four major banks to maintain appropriate levels of competition in the banking sector.
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Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
3 Jan 2023
RDP
2022-09
increase in response to an increase in the policy rate (a sign restriction). ... This suggests that the proxy and monetary policy shock are fairly weakly correlated.
https://www.rba.gov.au/publications/rdp/2022/2022-09/full.html
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Fiscal Policy and the Inflation Target
4 Feb 2015
RDP
PDF
847KB
So countercyclical fiscal policy is not called for when interest rates are unconstrained. ... I interpret this calibration as describing recent policy, and label it as such.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-02.pdf
The Lags of Monetary Policy
1 Dec 2009
RDP
PDF
246KB
11. Figure 3: Impact of Monetary Policy on Four-quarter-ended Growth. -0.6. ... Figure 4: Impact of Monetary Policy on Four-quarter-ended Growth. -0.5. -0.4.
https://www.rba.gov.au/publications/rdp/1997/pdf/rdp9702.pdf
How Many Jobs Did JobKeeper Keep?
2 Dec 2020
RDP
PDF
1843KB
overall employment losses by at least 700,000 during its first four months (Figure 1). ... Sources: ABS; Australian Government (2020c, p 38); Authors’ calculations. Our findings have implications for policy.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-07.pdf
Do Australian Households Borrow to Keep up with the Joneses?
10 Nov 2022
RDP
2022-06
Kim Nguyen. November 2022. 1.66. MB. 1. Introduction. There has been increasing academic and policy interest in the effect of inequality on both microeconomic and macroeconomic outcomes. ... The survey has asked detailed questions relating to household
https://www.rba.gov.au/publications/rdp/2022/2022-06/full.html
Credit Spreads, Monetary Policy and the Price Puzzle
1 Jan 2020
RDP
2020-01
Research Discussion Paper – RDP 2020-01 Credit Spreads, Monetary Policy and the Price Puzzle. ... Table 2: Estimated Policy Rules with Credit Spreads and Expected Cash Rate Changes.
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html
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The Yield and Market Function Effects of the Reserve Bank of Australia’s Bond Purchases
19 May 2022
RDP
PDF
1938KB
are ongoing) and so reinforce expectations for a low policy rate;6 and. ... Reserve Bank announced a package of policy measures, including its intention to purchase.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-02.pdf
The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
21 Jun 2023
RDP
2023-05
The impact of policy rates on profits is also likely to vary by bank size. ... Finally, our specification assumes that bank profitability does not affect monetary policy decisions.
https://www.rba.gov.au/publications/rdp/2023/2023-05/full.html
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The Rise in Household Liquidity
10 Nov 2021
RDP
2021-10
As the full balance sheet of households is only reported every four years in the HILDA Survey, a ‘period’ here refers to a four-year window. ... As such, a borrower is reported to have refinanced or withdrawn equity if they report doing so at any
https://www.rba.gov.au/publications/rdp/2021/2021-10/full.html
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A History of Australian Equities
1 Jun 2019
RDP
2019-04
and they were worth quite a lot less than four-fifths of the total market capitalisation. ... Banks. The modern listed banking sector is fairly concentrated, with the four major banks accounting for the majority of the market capitalisation of the sector.
https://www.rba.gov.au/publications/rdp/2019/2019-04/full.html
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