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RBA Glossary definition for HAC Rule

HAC Rule – Honour All Cards Rule

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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
This approach is widely used in the literature (Ramey 2016). Specifically, Beckers (2020) estimates an augmented Taylor rule that includes a forecast for economic conditions and a number of indicators of ... bond spreads, option-implied volatility). The
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
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Introduction

31 Dec 2002 RDP 2002-05
Andrew Stone and Sharon Wardrop
A comparison of policy rules and economic outcomes points to the rule the Fed has been using in recent years as a better way to run monetary policy than the way ... Taylor's analysis appeared to provide powerful evidence in support of, if not the
https://www.rba.gov.au/publications/rdp/2002/2002-05/introduction.html
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Appendix A: Further Details

1 Sep 1996 RDP 9603
Malcolm Edey and John Simon
The RBL rules stipulate a maximum amount of superannuation that can benefit from concessional taxation (initially $400,000, to be indexed by AWE). ... 3. 3. 15. Those industries which were subject to award superannuation continue to be bound by those
https://www.rba.gov.au/publications/rdp/1996/9603/appendix-a.html
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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

13 Feb 2024 RDP PDF 1260KB
Specifically, Beckers (2020) estimates an augmented Taylor rule that includes a forecast for. ... that implied by the rule. As such, this approach removes the anticipatory component of monetary.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf

Methodology

19 Dec 2023 RDP 2023-09
In particular, Beckers (2020) estimates an augmented Taylor rule that includes forecasts for economic conditions, as well as a number of indicators of financial conditions (e.g. ... bond spreads, option-implied volatility). The shocks are then
https://www.rba.gov.au/publications/rdp/2023/2023-09/methodology.html

Firms’ Price-setting Behaviour: Insights from Earnings Calls

6 Nov 2023 RDP PDF 1677KB
Within. a Bayesian framework, these modifications are done mechanically according to Bayes’ rule. ... representations through dictionary look-up and date–time detection rules. It maps phrases such as.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-06.pdf

Appendix

1 Feb 1991 RDP 9101
David W.R. Gruen
RDP 9101: The Effect of Steady Inflation on Interest Rates and the Real Exchange Rate in a World with Free Capital Flows Appendix. David W. R. Gruen. February 1991. Download the Paper 384. KB. There are two relevant justifications – the first
https://www.rba.gov.au/publications/rdp/1991/9101/appendix.html

Adoption of Emerging Digital General-purpose Technologies: Determinants and Effects

19 Dec 2023 RDP PDF 1692KB
Doing so does not. change the results. While we are confident that we have removed all false positives, we cannot rule out the possibility. ... does not change the results (Figure I1). 12 We can’t rule out the possibility that the nature of the early
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-10.pdf

Existing Measures of Tradeable Capacity

1 May 1994 RDP 9401
Jacqueline Dwyer and Christine Groeger
From this review, two main approaches to the allocation of resources emerge: the “rule of thumb” approach and the propensities approach. ... The rule of thumb approach is, however, impressionistic. Without actual knowledge about the extent to which
https://www.rba.gov.au/publications/rdp/1994/9401/existing-measures-tradeable.html
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Data

21 Dec 2023 RDP 2023-10
Kim Nguyen and Jonathan Hambur
Doing so does not change the results. While we are confident that we have removed all false positives, we cannot rule out the possibility of false negatives where firms are using
https://www.rba.gov.au/publications/rdp/2023/2023-10/data.html
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