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RBA Glossary definition for HAC Rule

HAC Rule – Honour All Cards Rule

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Submissions

8 May 2024 Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/

Inquiry into Mobile Payment and Digital Wallet Financial Services – July 2021 | Payments System | Submissions

8 May 2024 Submissions
The nature of platform businesses is that they are able to set the rules of participation in their platform or network. ... card schemes provide the Bank with access to their fee schedules and scheme rules.
https://www.rba.gov.au/publications/submissions/payments-system/inquiry-into-mobile-payment-and-digital-wallet-financial-services/index.html

Other | Submissions

8 May 2024 Submissions
Index of Documents commissioned by or prepared for Parliament, its committees, and other public inquiries
https://www.rba.gov.au/publications/submissions/other/

Optimal Monetary Policy Rules

31 Dec 2011 RDP 2011-02
Callum Jones and Mariano Kulish
The settings of the optimised rules are similar. Figure 6 shows the loss function as we depart from the optimal value of one of the parameters in the policy rule – holding ... For some preferences long-term interest rate rules perform as well as the
https://www.rba.gov.au/publications/rdp/2011/2011-02/opt-monetary-policy-rules.html
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Policy Rule Changes or Deviations?

1 Apr 2021 RDP 2021-04
Calvin He
However, it remains unclear whether the monetary policy surprises identified reflect deviations from a policy rule. (. ... To evaluate if the ‘surprises’ should be interpreted as policy rule changes or deviations, I test if the policy reaction
https://www.rba.gov.au/publications/rdp/2021/2021-04/policy-rule-changes-or-deviations.html
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The Australian Securities and Investments Commission's Review of the EFT Code of Conduct – April 2006 | Responses and Options Paper

8 May 2024 Submissions
They may need to pay two sets of membership fees, adhere to two different sets of rules and membership requirements, connect to different networks and accommodate differing messaging requirements.
https://www.rba.gov.au/publications/submissions/payments-system/proposed-asx-sfe-merger/index.html

Commonwealth of Australia: In the Australian Competition Tribunal – April 2004 | Payments System | Submissions

8 May 2024 Submissions
APCA administers the rules under which clearing of EFTPOS transactions occurs – known as the rules for the Consumer Electronic Clearing System (CECS). ... It is undertaking work aimed at including provisions dealing with access in these rules.
https://www.rba.gov.au/publications/submissions/payments-system/au-competition-tribunal/index.html

Choosing an Optimal Policy Rule

1 Jul 1989 RDP 8905
Malcolm L. Edey
RDP 8905: Monetary Policy Instruments: A Theoretical Analysis 3. Choosing an Optimal Policy Rule. ... A pure interest rate rule (one that is not expressible as an inverted money rule) arises in the case where ρ.
https://www.rba.gov.au/publications/rdp/1989/8905/choosing-an-optimal-policy-rule.html
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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

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