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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Central Bank Communication: One Size Does Not Fit All
24 Oct 2021
RDP
PDF
2180KB
policy announcements (Hawkesby 2019). Reflecting this, countries that are most effective in this. ... practice tend to experience less interest rate volatility and smaller reactions to monetary policy.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-05.pdf
The Real Effects of Debt Covenants: Evidence from Australia
25 Oct 2022
RDP
2022-05
The left panel of Figure 7 plots the differential coefficients for investment up to four years after an expansionary monetary policy shock. ... The shift may have also made employment slightly less responsive to monetary policy.
https://www.rba.gov.au/publications/rdp/2022/2022-05/full.html
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Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
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1706KB
inflation will evolve. While endogenous policy makes it difficult to extrapolate from regional evidence. ... optimal policy may involve leaning against these shocks rather than ‘looking through’ them.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf
The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions
11 Oct 2022
RDP
2022-04
to the point where the impact response of the policy rate is zero. ... 0. (see Section 5). To identify an unconventional monetary policy shock, Gafarov et al (2018) impose four restrictions (one zero restriction and three signs restrictions) in a
https://www.rba.gov.au/publications/rdp/2022/2022-04/full.html
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Where's the Money? An Investigation into the Whereabouts and Uses of Australian Banknotes
1 Dec 2018
RDP
2018-12
banknotes. Intuitively, imagine that one in four $50 banknotes is used for transactions and three in four are hoarded. ... Applying this approach, Figure 11 shows estimated total cash payments increasing over the past four years, after declining by
https://www.rba.gov.au/publications/rdp/2018/2018-12/full.html
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The Role of Collateral in Borrowing
14 Jan 2021
RDP
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1784KB
monetary policy implementation target. The rate has historically displayed very little cross-sectional. ... similar to studies of heterogeneous effects of monetary policy changes (e.g., Kashyap and.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-01.pdf
Do Australian Households Borrow to Keep up with the Joneses?
8 Nov 2022
RDP
PDF
1659KB
References 29. Copyright and Disclaimer Notices 31. 1. Introduction. There has been increasing academic and policy interest in the effect of inequality on both. ... questions relating to household finances, such as household net worth and debt portfolio,
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-06.pdf
China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
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1923KB
monetary policy in China are beginning to resemble those observed in advanced economies,. ... This paper takes stock of the evolution of monetary policy in China across four dimensions: the.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.pdf
BA-MARTIN in Detail
18 Jan 2022
RDP
2022-01
The cash rate is held constant following the initial policy response to the shock (125 basis points, as in the stress testing exercise). ... With four major banks, each of the majors would likely account for the effects of their decisions on aggregate
https://www.rba.gov.au/publications/rdp/2022/2022-01/ba-martin-in-detail.html
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Credit and Monetary Policy: An Australian SVAR
1 Sep 2005
RDP
2005-06
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2005/2005-06.html
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