Search: Statement on Monetary Policy
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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Do Australian Households Borrow to Keep up with the Joneses?
10 Nov 2022
RDP
2022-06
Kim Nguyen. November 2022. 1.66. MB. 1. Introduction. There has been increasing academic and policy interest in the effect of inequality on both microeconomic and macroeconomic outcomes. ... Figure 3 plots total household debt in real monetary terms
https://www.rba.gov.au/publications/rdp/2022/2022-06/full.html
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Firms' Price-setting Behaviour: Insights from Earnings Calls
11 Sep 2023
RDP
2023-06
This is done using two techniques. The first is a simple dictionary-based approach with each word coming from new dictionaries developed in consultation with policy experts from the Reserve Bank ... called ‘communication channel’ of monetary policy.
https://www.rba.gov.au/publications/rdp/2023/2023-06/full.html
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The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
In this section we consider each policy announcement in turn. At midday on 16 March 2020, amid a serious deterioration in financial market function, the Reserve Bank released a statement stating ... as a new signal about the Board's future monetary
https://www.rba.gov.au/publications/rdp/2022/2022-02/full.html
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Central Bank Communication: One Size Does Not Fit All
24 Oct 2021
RDP
PDF
2180KB
For example,. the length of the RBA’s Statement on Monetary Policy (SMP) has increased from just over. ... RBA. speeches tend to have a broader and more varied audience than monetary policy statements, but.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-05.pdf
The Model
9 Oct 2019
RDP
2019-10
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
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The Yield and Market Function Effects of the Reserve Bank of Australia’s Bond Purchases
19 May 2022
RDP
PDF
1938KB
Purchases under each measure are detailed in Statistical Table A3 ‘Monetary Policy Operations’ – see. ... are ongoing) and so reinforce expectations for a low policy rate;6 and.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-02.pdf
Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia
22 Mar 2023
RDP
2023-03
It will also make it harder to conduct monetary policy, as it will mean lower potential growth and real neutral interest rates, increasing the likelihood that nominal interest rates hit the ... Despite accommodative monetary policy, investment remained
https://www.rba.gov.au/publications/rdp/2023/2023-03/full.html
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Uncertainty and Monetary Policy
1 Oct 2017
RDP
2017-06
However, we cannot rule out the possibility that the nonlinear effects of systematic monetary policy uncovered in our analysis are also capturing nonlinearities related to other macroeconomic policies, most notably fiscal ... While being consistent with
https://www.rba.gov.au/publications/rdp/2017/2017-06/uncertainty-and-monetary-policy.html
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Risk versus Uncertainty
31 Dec 2000
RDP
2000-10
RDP 2000-10: Monetary Policy-Making in the Presence of Knightian Uncertainty 3. ... Two ways of relaxing the assumptions underlying expected utility theory to allow for Knightian uncertainty are discussed in the next section and the implications for the
https://www.rba.gov.au/publications/rdp/2000/2000-10/risk-versus-uncertainty.html
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MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model
12 Jan 2022
RDP
PDF
1774KB
scenario from the May 2020 Statement on Monetary Policy (RBA 2020c) into BA-MARTIN and then. ... policy (if monetary policy is unconstrained). With this expansionary policy also leading to reduced.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf