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.
Search Results
The Real Effects of Debt Covenants: Evidence from Australia
25 Oct 2022
RDP
2022-05
composition of covenants to capture the average partial response to a monetary policy shock. ... The shift may have also made employment slightly less responsive to monetary policy.
https://www.rba.gov.au/publications/rdp/2022/2022-05/full.html
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Appendix A: Timeline of Key Public Statements/Publications
31 Dec 2010
RDP
2010-06
RDP 2010-06: Asset Prices, Credit Growth, Monetary and Other Policies: An Australian Case Study Appendix A: Timeline of Key Public Statements/Publications. ... Monetary policy should, as far as possible, avoid adding to them.’ p 3.
https://www.rba.gov.au/publications/rdp/2010/2010-06/appendix-a.html
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Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
PDF
1706KB
Because monetary policy only responds to aggregate shocks, region-specific variation can be used. ... McLeay and Tenreyro 2020). Since monetary policy does not offset region-specific demand shocks,.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf
Monetary Policy Goals for Inflation in Australia
30 Nov 2009
RDP
PDF
85KB
is a relative paucity of academic literature on operating monetary policy withexplicit inflation targets. ... 1, monetary policy focuses completely on maintaining anoutput gap as small as possible.
https://www.rba.gov.au/publications/rdp/1995/pdf/rdp9503.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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Do Australian Households Borrow to Keep up with the Joneses?
8 Nov 2022
RDP
PDF
1659KB
indebtedness? Figure 3 plots total household debt in real monetary terms against the Gini coefficient. ... 7 Results for debt accumulation in monetary terms are robust and can be found in Table B5.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-06.pdf
The Real Effects of Debt Covenants: Evidence from Australia
24 Oct 2022
RDP
PDF
1647KB
transmission of monetary policy shocks while other types of covenants appear to mitigate. ... Appendix D: Direct Effects – Robustness Checks 23. Appendix E: Monetary Policy Shocks 25.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-05.pdf
The Determinants of Mortgage Defaults in Australia – Evidence for the Double-trigger Hypothesis
22 Jul 2020
RDP
2020-03
These studies typically examine either foreclosure mitigation policies or the role of securitisation, rather than the double-trigger hypothesis (Piskorski, Seru and Vig 2010; Kruger 2018). ... That said, this set-up means that the second stage results
https://www.rba.gov.au/publications/rdp/2020/2020-03/full.html
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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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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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