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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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Monetary Policy

1 Nov 1984 RDP 8402
Lindsay F. Boulton and Warren J. Tease
RDP 8402: Financial Innovation Bibliography Monetary Policy. Lindsay F. Boulton and Warren J. ... vol. 71, No. 2, 1981, pp.825–844. CORRIGAN, E.G. “Statement (on the pricing of services by the Federal Reserve) before the Subcommittee on Domestic
https://www.rba.gov.au/publications/rdp/1984/8402/monetary-policy.html
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Central Bank Communication: One Size Does Not Fit All

24 May 2021 RDP 2021-05
Joan Huang and John Simon
For example, the length of the RBA's Statement on Monetary Policy (SMP) has increased from just over 10,000 words, in its first iteration in 1997, to over 30,000 ... RBA speeches tend to have a broader and more varied audience than monetary policy
https://www.rba.gov.au/publications/rdp/2021/2021-05/full.html
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The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey

27 Nov 2023 RDP 2023-08
Tanya Livermore, Jack Mulqueeney, Thuong Nguyen and Benjamin Watson
2019. The higher share of Australians using cash infrequently or not at all is consistent both with consumers preferring to pay with electronic methods and industry policies that encouraged and facilitated ... These questions will help inform policy as
https://www.rba.gov.au/publications/rdp/2023/2023-08/full.html
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Trends in the Australian Banking System: Implications for Financial System Stability and Monetary Policy

1 Dec 2009 RDP PDF 156KB
MONETARY POLICY. Christopher Kent and Guy Debelle. Research Discussion Paper1999-05. March 1999. ... We then discuss the interaction of standard monetarypolicy and policies for financial system stability, and we emphasise the importanceof financial
https://www.rba.gov.au/publications/rdp/1999/pdf/rdp1999-05.pdf

Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE

21 Sep 2023 RDP 2023-09
Jonathan Hambur
helps us to understand how the effects of monetary policy could change over time. ... IV approach, full sample. Notes: Monetary policy shock is instrumented via cash rate.
https://www.rba.gov.au/publications/rdp/2023/2023-09/full.html
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DSGE Reno: Adding a Housing Block to a Small Open Economy Model

1 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
Monetary policy is assumed to be active and follows a Taylor-type rule. ... 3.74. 4.03. 2.71. 5.42. Monetary policy and UIP. ρ. r. Beta.
https://www.rba.gov.au/publications/rdp/2018/2018-04/full.html
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China’s Evolving Monetary Policy Framework in International Context

4 Dec 2019 RDP PDF 1923KB
monetary policy press statements, etc). Speeches and press conferences delivered by high-ranking. ... requires that the Monetary Policy Statement provide an explanation if inflation outcomes are outside of the target.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.pdf

Data Description

21 Jun 2023 RDP 2023-05
Callan Windsor, Terhi Jokipii and Matthieu Bussiere
This is a flow item from the income statement. Panel B: Variables of interest. ... By contrast, the median NIM has been declining over the past decade, consistent with the decline in policy rates.
https://www.rba.gov.au/publications/rdp/2023/2023-05/data-description.html
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Explaining Monetary Spillovers: The Matrix Reloaded

1 Apr 2019 RDP 2019-03
Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia
We perform this analysis for monetary policy shocks originating from 7 advanced economies. ... To broaden the channels through which monetary policy can have an impact, and in order to accommodate episodes of unconventional policies, we expand the
https://www.rba.gov.au/publications/rdp/2019/2019-03/full.html
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Is the Phillips Curve Still a Curve? Evidence from the Regions

31 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
the systematic response of monetary policy to economic conditions. imperfect controls for inflation expectations. ... Second, the estimation samples for the RBA models span a stable monetary policy regime.
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html
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