Search: GFC
RBA Glossary definition for GFC
GFC – Global Financial Crisis
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Wages and concentration
20 Nov 2023
RDP
2023-02
For GFC models, all controls other than firm FE are interacted with period dummies. ... Pre-GFC is 2005–2007. GFC is 2008–2010. Post GFC is 2011 to 2015.
https://www.rba.gov.au/publications/rdp/2023/2023-02/wages-and-concentration.html
Appendix A: Affine Term Structure Model
12 May 2023
RDP
2023-04
Rates then fall around the GFC. In contrast, the bootstrapped model shows long-term expected rates decline over the mid-2000s, and spike during the GFC. ... Similar counterintuitive dynamics are evident for term premia, with the estimated term premia
https://www.rba.gov.au/publications/rdp/2023/2023-04/appendix-a.html
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Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia
22 Mar 2023
RDP
2023-03
GFC sample is 2007/08 to 2010/11, post-GFC sample is 2011/12 to 2016/17, overall sample is 2004/05 to 2016/17. ... GFC sample is 2007/08 to 2010/11, post-GFC sample is 2011/12 to 2016/17, overall sample is 2004/05 to 2016/17.
https://www.rba.gov.au/publications/rdp/2023/2023-03/full.html
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Did Labour Market Concentration Lower Wages Growth Pre-COVID?
1 Mar 2023
RDP
2023-02
For GFC models, all controls other than firm FE are interacted with period dummies. ... Pre-GFC is 2005–2007. GFC is 2008–2010. Post GFC is 2011 to 2015.
https://www.rba.gov.au/publications/rdp/2023/2023-02/full.html
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Do Australian Households Borrow to Keep up with the Joneses?
10 Nov 2022
RDP
2022-06
Sources: ABS; Author's calculations. In contrast, the tourism industry experienced softer conditions in the years following the global financial crisis (GFC), reflecting the high exchange rate (Khandaker and Islam 2017). ... Post-GFC self-reported home
https://www.rba.gov.au/publications/rdp/2022/2022-06/full.html
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The Real Effects of Debt Covenants: Evidence from Australia
25 Oct 2022
RDP
2022-05
The structure of debt covenants among reporting firms also appears to have gone through a significant change around the GFC. ... As such, the role of covenants in amplifying monetary policy transmission post-GFC might have been dampened by the shift away
https://www.rba.gov.au/publications/rdp/2022/2022-05/full.html
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Smells Like Animal Spirits: The Effect of Corporate Sentiment on Investment
30 Nov 2021
RDP
2021-11
broad-based weakness in business investment observed since the global financial crisis (GFC). ... The sentiment indicator shows a clear cyclical pattern, with sentiment declining during the GFC.
https://www.rba.gov.au/publications/rdp/2021/2021-11/full.html
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The Rise in Household Liquidity
10 Nov 2021
RDP
2021-10
Research Discussion Paper – RDP 2021-10 The Rise in Household Liquidity. Gianni La Cava and Lydia Wang. November 2021. 1.71. MB. 1. The Rise in Household Liquidity. Households need liquid assets, such as cash, to get through periods of financial
https://www.rba.gov.au/publications/rdp/2021/2021-10/full.html
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Is the Phillips Curve Still a Curve? Evidence from the Regions
31 Aug 2021
RDP
2021-09
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
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Job Loss, Subjective Expectations and Household Spending
18 Aug 2021
RDP
2021-08
Expectations of job loss for the average worker rose by more than the model-based probability estimates during both the economic downturn in 2001 and the global financial crisis (GFC). ... And, since around 2013, the difference between the expected and
https://www.rba.gov.au/publications/rdp/2021/2021-08/full.html
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