Search: GFC

Sort by: Relevance Date
1–3 of 3 collapsed search results for GFC

RBA Glossary definition for GFC

GFC – Global Financial Crisis

Search Results

Is the Phillips Curve Still a Curve? Evidence from the Regions

31 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
In the lead up to the global financial crisis (GFC), the unemployment rate declined steadily for a number of years (ultimately falling to a low of 4 per cent) and wages ... This trajectory reversed with the GFC, as the rise in spare capacity moved
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html

Introduction

1 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
In the lead up to the global financial crisis (GFC), the unemployment rate declined steadily for a number of years (ultimately falling to a low of 4 per cent) and wages
https://www.rba.gov.au/publications/rdp/2021/2021-09/introduction.html

Background on the Phillips Curve and the RBA's Modelling Approach

1 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
This trajectory reversed with the GFC, as the rise in spare capacity moved Australia to a much flatter segment of the Phillips curve.
https://www.rba.gov.au/publications/rdp/2021/2021-09/background-on-the-phillips-curve-and-the-rbas-modelling-approach.html