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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Job Loss, Subjective Expectations and Household Spending
18 Aug 2021
RDP
2021-08
For policymakers, our results highlight the costliness of unemployment to households and reaffirm the importance of policies that keep the level and duration of unemployment low. ... it1. ) is observed as a binary outcome, as shown by the indicator
https://www.rba.gov.au/publications/rdp/2021/2021-08/full.html
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Job Loss, Subjective Expectations and Household Spending
13 Aug 2021
RDP
PDF
2108KB
8. Conclusion and Policy Implications 28. Appendix A: Testing the Predictive Ability of Workers’ Subjective Expectations 29. ... highlight the costliness of unemployment to households and reaffirm the importance of policies that.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-08.pdf
Central Bank Communication: One Size Does Not Fit All
24 May 2021
RDP
2021-05
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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References
1 Apr 2021
RDP
2021-04
The Response of Asset Prices to Monetary Policy Actions and Statements’, International Journal of Central Banking, 1(1), pp 55–93. ... Melosi L (2017), ‘Signalling Effects of Monetary Policy’, The Review of Economic Studies, 84(2), pp 853–884.
https://www.rba.gov.au/publications/rdp/2021/2021-04/references.html
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Star Wars at Central Banks
11 Feb 2021
RDP
2021-02
The top journals all have policies requiring this form of transparency; The American Economic Review introduced its policy in 2005, the Journal of Political Economy in 2006, and The Quarterly Journal ... This statement is incorrect, as we illustrate in
https://www.rba.gov.au/publications/rdp/2021/2021-02/full.html
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How Many Jobs Did JobKeeper Keep?
2 Dec 2020
RDP
PDF
1843KB
Sources: ABS; Australian Government (2020c, p 38); Authors’ calculations. Our findings have implications for policy. ... An important policy question is whether JobKeeper was effective in alleviating the longer-run effects.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-07.pdf
How Many Jobs Did JobKeeper Keep?
23 Nov 2020
RDP
2020-07
Sources: ABS; Australian Government (2020c, p 38); Authors' calculations. Our findings have implications for policy. ... An important policy question is whether JobKeeper was effective in alleviating the longer-run effects of labour market scarring.
https://www.rba.gov.au/publications/rdp/2020/2020-07/full.html
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Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
Note: Share of respondents answering the question ‘Considering both the monetary and non-monetary features of your card (e.g.
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
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Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
9 Sep 2020
RDP
PDF
1619KB
pronounced, such as Sweden, have implemented or are considering a range of policy measures designed to ensure. ... Note: Share of respondents answering the question ‘Considering both the monetary and non-monetary features of your card.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-06.pdf
The Apartment Shortage
5 Aug 2020
RDP
2020-04
Policy decisions need to weigh these against benefits, which would be desirable to quantify. ... They also contribute to understanding the responsiveness of residential construction, a key parameter in the transmission of monetary policy.
https://www.rba.gov.au/publications/rdp/2020/2020-04/full.html
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