Search: Statement on Monetary Policy

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RBA Glossary definition for Statement on Monetary Policy

Statement on Monetary Policy – The Reserve Bank of Australia (RBA) issues a Statement on Monetary Policy four times a year. These statements assess current economic conditions and the prospects for inflation and output growth. These statements have replaced the Semi-Annual Statements on Monetary Policy and the Quarterly Reports on the Economy and Financial Markets, which were previously issued by the RBA.

RBA Glossary definition for monetary policy

monetary policy – monetary policy involves using interest rates to influence aggregate demand, employment and inflation in the economy.

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The Model

9 Oct 2019 RDP 2019-10
Nicholas Garvin
The modelling goal is to compare policies by how well the authority can achieve its objectives given banks' reactions to the policy and their interactions with securities buyers. ... The paper focuses on the following three policies (P, p):. Unsecured
https://www.rba.gov.au/publications/rdp/2019/2019-10/the-model.html

Emergency Liquidity Injections

1 Oct 2019 RDP 2019-10
Nicholas Garvin
In the model presented here, lending policies that permit banks to repay the loans after conditions improve are more credible than a securities purchase policy. ... The modelling goal is to compare policies by how well the authority can achieve its
https://www.rba.gov.au/publications/rdp/2019/2019-10/full.html