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M&A – mergers and acquisitions

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The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts

19 Nov 2012 RDP PDF 1019KB
o PL. -m m = D e - ('ll'n). 0. which can be linearised using a Taylor's expansion on D0 e-m, i.e. ... A A. b -m co! 1 (8-p)e 1 1. J y(t)dt = [(• - ) - -- (b -b ) 0 6 1 0 li 1 0.
https://www.rba.gov.au/publications/rdp/1986/pdf/rdp8611.pdf

The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data

9 Jul 2019 RDP PDF 2076KB
United States exhibited a considerably greater sensitivity to transitory income shocks during the. ... Kaplan, Violante and Weidner (2014) (hereafter, KVW (2014)) provide a framework for identifying.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-06.pdf

Housing Wealth Effects: Cross-sectional Evidence from New Vehicle Registrations

26 Aug 2015 RDP PDF 754KB
But othersargue for a sizeable effect of house prices on consumption (e.g. ... Our finding of heterogeneity in MPCs by income is consistent with a collateralconstraints channel.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-08.pdf

Real Exchange Rates and the Globalisation of Financial Markets

31 Jan 2006 RDP PDF 669KB
8 Uninhibited capital mobility is only a necessary condition for closed interest parity. ... In Section 2 a three-year centred moving average of inflation was employed.
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9203.pdf

A Structural Model of Australia as a Small Open Economy

27 Feb 2007 RDP PDF 255KB
A continuum of households populate the economy, consume goods and supplylabour to firms. ... Figure 5 plots the impulse responses to a unit shock to Australian productivity.
https://www.rba.gov.au/publications/rdp/2007/pdf/rdp2007-01.pdf

Resource Convergence and Intra-industry Trade

19 Apr 2007 RDP PDF 383KB
m 6 a. rlZ nS a; a A= mf? a ca5; o q! ... n n - - - - n n h 00 dine -0- m a r1cn(?In00(?
https://www.rba.gov.au/publications/rdp/1991/pdf/rdp9110.pdf

Measuring the Cost of Capital in Australia

31 Jan 2006 RDP PDF 452KB
2.1 The Cost of Equity a. Capital Asset Pricing Model (CAPM) b. ... Their approach assumes the firm maximises profits by investing until the after-tax m a r p a l product of capital equals the real after-tax cost of funds.
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9205.pdf

The Distribution and Measurement of Inflation

1 Dec 2009 RDP PDF 325KB
For asymmetric distribution, the coefficient of skewness will be zero.3 A positive. ... a distribution may be asymmetric and yet have a zero coefficient of skewness.
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9810.pdf

The Cost of Equity Capital in Australia: What Can We Learn from International Equity Returns?

18 Apr 2007 RDP PDF 445KB
For s o m e marke t s s u c h a s t he US a n d Japan, th is is ha rd ly surpr i s ing ... However , beta estimates m a y be biased if there a re omitted factors which h a p p e n t o b e corre la ted w i t
https://www.rba.gov.au/publications/rdp/1991/pdf/rdp9107.pdf

International Business Cycles with Complete Markets

2 Feb 2015 RDP PDF 735KB
We claim that a similar performance can be achievedwithout resorting to market incompleteness. ... Second, GHH preferences drive a wedge betweenthe consumption behaviour at home and abroad.
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-08.pdf