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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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Appendix B: Robustness
31 Jan 2023
RDP
2023-01
The sensitivity of the inheritance experiment is somewhere in between. Figure B6: Sensitivity to Exclusion Rule.
https://www.rba.gov.au/publications/rdp/2023/2023-01/appendix-b.html
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Non-technical summary for 'The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment'
18 Jan 2023
RDP
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417KB
RDP 2023-01 non-techncial summary
https://www.rba.gov.au/publications/rdp/2023/2023-01/rdp-2023-01-non-technical-summary.pdf
Robustness Exercises
3 Jan 2023
RDP
2022-09
5.1 Model in first differences. Typical monetary policy rules embedded in macroeconomic models assume that the central bank responds to inflation and some measure of economic activity, such as the
https://www.rba.gov.au/publications/rdp/2022/2022-09/robustness-exercises.html
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Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
29 Dec 2022
RDP
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1886KB
monetary policy rules that are typically used in macroeconomic models. When imposed on their own,. ... These restrictions are consistent with monetary policy rules that are typically embedded in.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf
The International Context
13 Dec 2022
RDP
2022-07
RDP 2022-07: The Term Funding Facility: Has It Encouraged Business Lending? 3. The International Context. Sharon Lai, Kevin Lane and Laura Nunn. December 2022. Download the Paper 2.1. MB. A number of other central banks also introduced term funding
https://www.rba.gov.au/publications/rdp/2022/2022-07/the-international-context.html
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The Term Funding Facility: Has It Encouraged Business Lending?
8 Dec 2022
RDP
PDF
2133KB
to SMEs by exploiting the BoE’s 2013 amendments to the scheme’s rules.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-07.pdf
The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions
11 Oct 2022
RDP
2022-04
not always rule out the possibility that a variable does not react contemporaneously to its own shock.
https://www.rba.gov.au/publications/rdp/2022/2022-04.html
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The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions
6 Oct 2022
RDP
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2224KB
problem is that set-identifying restrictions do not always rule out the possibility that a variable does. ... is, the identifying restrictions never rule out models in which the federal funds rate does not respond.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-04.pdf
Macrofinancial Stress Testing on Australian Banks
20 Sep 2022
RDP
2022-03
The model projects how economic shocks may influence a bank's profitability, dividends, loan growth and capital position, primarily using decision rules and accounting identities that are uniformly applied to profit
https://www.rba.gov.au/publications/rdp/2022/2022-03.html
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Monetary Policy, Equity Markets and the Information Effect
24 Oct 2021
RDP
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1573KB
than the rule. For most monetary policy communication, at least in equity markets, the information. ... monetary policy tightening as contractionary for economic activity. 6. Policy Rule Changes or Deviations?
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-04.pdf