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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The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions
6 Oct 2022
RDP
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2224KB
policy shock that results in a 100 basis point increase in the policy rate. ... the point where the impact response of the policy rate is zero.2.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-04.pdf
Fiscal Policy and the Inflation Target
4 Feb 2015
RDP
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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
How Many Jobs Did JobKeeper Keep?
2 Dec 2020
RDP
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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
The Yield and Market Function Effects of the Reserve Bank of Australia’s Bond Purchases
19 May 2022
RDP
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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
Financial Conditions and Downside Risk to Economic Activity in Australia
17 Mar 2021
RDP
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1966KB
have a broader range of policy tools available to them to mitigate financial stability risks. ... asset prices, credit, money, interest rates and the exchange rate. Subsequently, many policy.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-03.pdf
Central Bank Communication: One Size Does Not Fit All
24 Oct 2021
RDP
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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
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 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
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
Read me file for Start Spreading the News: News Sentiment and Economic Activity in Australia
2 Feb 2021
RDP
PDF
561KB
RDP 2020-08 supplementary information
https://www.rba.gov.au/publications/rdp/2020/2020-08/rdp-2020-08-read-me.pdf