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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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The Yield and Market Function Effects of the Reserve Bank of Australia’s Bond Purchases
19 May 2022
RDP
PDF
1938KB
Notes: Heteroskedasticity and autocorrelation corrected (HAC) standard errors in parentheses; , and denote statistical.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-02.pdf
An Empirical BVAR-DSGE Model of the Australian Economy
2 Feb 2015
RDP
PDF
657KB
deviations from steadystate) of inflation and value-added output, vat , as well as growth in value-addedoutput.5 The rule is:. ... 8 We do not allow a role for the exchange rate in the Taylor rule, reflecting the findings of Lubikand Schorfheide (2007).
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-07.pdf
Anticipatory Monetary Policy and the ‘Price Puzzle’
18 May 2017
RDP
PDF
2157KB
These coefficients are large, statistically significant and ‘incorrectly’ signed. The effect essentially occurs with a one-quarter lag, which rules out interpretations implying delayed or gradual responses. ... The resulting series should identify a
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-02.pdf
Credit Risk and the Macroeconomy: Evidence from an Estimated DSGE Model
20 Nov 2009
Research Workshop
PDF
727KB
Reserve Bank of Australia Research Workshop 2009
https://www.rba.gov.au/publications/workshops/research/2009/pdf/gilchrist.pdf
Tests of Simple Targeting Rules for Monetary Policy
2 Dec 2008
Research Workshop
PDF
353KB
Reserve Bank of Australia Workshop 2008: Monetary Policy in Open Economies
https://www.rba.gov.au/publications/workshops/research/2008/otto.pdf
Policy Rules for Open Economies
1 Dec 2009
RDP
PDF
138KB
2.2 Calibration 4. 3. Efficient Instrument Rules 5. 3.1 The Variables in the Rule 5. ... 5. 3. Efficient Instrument Rules. Following Taylor (1994), the optimal policy rule is defined as the one that minimisesa weighted sum of output variance and
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9806.pdf
Welfare-Maximizing Monetary Policy under Parameter Uncertainty
13 Dec 2007
Research Workshop
PDF
312KB
Reserve Bank of Australia Workshop 2007: Monetary Policy in Open Economies
https://www.rba.gov.au/publications/workshops/research/2007/edge.pdf
The Sources of Fluctuations in Residential Investment: A View from a Policy-Oriented DSGE Model of the U.S. Economy
2 Dec 2008
Research Workshop
PDF
303KB
Reserve Bank of Australia Workshop 2008: Monetary Policy in Open Economies
https://www.rba.gov.au/publications/workshops/research/2008/edge.pdf
Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
7 Jan 2024
RDP
PDF
1715KB
measures the shock as a deviation from a Taylor Rule, augmented with measures of financial. ... from that implied by the rule. He produces two main measures: a preferred measure that also.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-09.pdf
Optimal Monetary Policy when Expectations are Rational, Fixed, Learned, or Anything in Between
19 Dec 2023
Research Workshop
PDF
410KB
RBA Workshop 2023
https://www.rba.gov.au/publications/workshops/research/2023/pdf/rba-workshop-2023-presentation-brassil.pdf