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IT – Information Technology

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How Many Jobs Did JobKeeper Keep?

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
We find that one in five employees who received JobKeeper (and, thus, remained employed) would not have remained employed during this period had it not been for the JobKeeper Payment.
https://www.rba.gov.au/publications/rdp/2020/2020-07.html
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MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
During large downturns, monetary policy is more effective than usual because it can reduce loan losses and therefore moderate any reduction in credit supply.
https://www.rba.gov.au/publications/rdp/2022/2022-01.html
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What Is Driving Participation and Diversity Trends in Economics? A Survey of High School Students

29 Jun 2021 RDP 2021-06
Tanya Livermore and Mike Major
In particular, it remains that females have less interest in Economics and a less clear idea of ‘whether they would be good at it’ or what the subsequent career opportunities may ... be. Furthermore, students from a lower socio-economic background
https://www.rba.gov.au/publications/rdp/2021/2021-06.html
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Supplementary Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2020 | Responses and…

8 May 2024 Submissions
It would be costly in financial terms and quite risky from both a financial and technology perspective. ... It remains to be seen if it will gain regulatory approval and become operational.
https://www.rba.gov.au/publications/submissions/payments-system/supplementary-submission-technology-12-2020/index.html

Financial Conditions and Downside Risk to Economic Activity in Australia

23 Mar 2021 RDP 2021-03
Luke Hartigan and Michelle Wright
As such, it provides a way to quantify the economic costs of financial instability. ... In order to implement this framework, we develop a new financial conditions index for Australia and show that it correlates closely with previous episodes of
https://www.rba.gov.au/publications/rdp/2021/2021-03.html
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Macrofinancial Stress Testing on Australian Banks

20 Sep 2022 RDP 2022-03
Nicholas Garvin, Samuel Kurian, Mike Major and David Norman
It is designed with a focus on understanding systemic vulnerabilities and a philosophy of prioritising transparency over complexity. ... The paper sets out the key features of this model, how it was used during the past two years and the areas in which
https://www.rba.gov.au/publications/rdp/2022/2022-03.html
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Reforms to the Payment Systems (Regulation) Act 1998 Submission to Senate Economics Legislation Committee – February 2024 | Payments System …

23 Feb 2024 Submissions
The way Australians make payments has changed significantly since the existing regulatory frameworks were put in place, and it is important that regulation is able to adapt to new developments and
https://www.rba.gov.au/publications/submissions/payments-system/reforms-to-the-psra/index.html

How Risky is Australian Household Debt?

25 Aug 2020 RDP 2020-05
Jonathan Kearns, Mike Major and David Norman
It is commonly cited as a major risk to numerous countries, including Australia.
https://www.rba.gov.au/publications/rdp/2020/2020-05.html
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Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!

12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
For example, it suggests that: (i) signalling/forward guidance shocks tended to raise expected future policy rates in the mid-2010s as the RBA highlighted rising risks in housing markets; (ii) ... Although the approach provides little new information on
https://www.rba.gov.au/publications/rdp/2023/2023-04.html
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The Rise in Household Liquidity

10 Nov 2021 RDP 2021-10
Gianni La Cava and Lydia Wang
It is well documented that household wealth has risen significantly in recent decades and that both sides of the household balance sheet – assets and liabilities – have expanded.
https://www.rba.gov.au/publications/rdp/2021/2021-10.html
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