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RBA Glossary definition for Trend

Trend – A trend series is a seasonally adjusted series that has been further adjusted to remove irregular effects and �smooth� out the series to show the overall �trend� of the data over time. This series is usually provided by the Australian Bureau of Statistics.

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Appendix C: Trends before and after Treatments

25 Oct 2022 RDP 2022-05
Kim Nguyen
μ. ε. i. ,. t. The parameter of interest is the differential time trend coefficients,. ... Wald test for the difference between time trends. Time trend coefficients.
https://www.rba.gov.au/publications/rdp/2022/2022-05/appendix-c.html

Appendix G: Trends Using Restricted Sample and Breaching Rates

25 Oct 2022 RDP 2022-05
Kim Nguyen
RDP 2022-05: The Real Effects of Debt Covenants: Evidence from Australia Appendix G: Trends Using Restricted Sample and Breaching Rates. ... Download the Paper 1,648. KB. Figure G1: Trends in Corporate Debt Covenants.
https://www.rba.gov.au/publications/rdp/2022/2022-05/appendix-g.html

The Real Effects of Debt Covenants: Evidence from Australia

25 Oct 2022 RDP 2022-05
Kim Nguyen
Formal testing of the difference between the time trend coefficients suggests that the time trends in investment and employment before the exposure shock are statistically similar between the two groups, confirming ... Wald test for the difference
https://www.rba.gov.au/publications/rdp/2022/2022-05/full.html

Appendix D: Direct Effects – Robustness Checks

25 Oct 2022 RDP 2022-05
Kim Nguyen
Yes. Yes. Financial measures. Yes. Yes. Yes. Sector time trends. Yes.
https://www.rba.gov.au/publications/rdp/2022/2022-05/appendix-d.html

The Real Effects of Debt Covenants: Evidence from Australia

25 Oct 2022 RDP 2022-05
Kim Nguyen
Research Discussion Paper – RDP 2022-05 The Real Effects of Debt Covenants: Evidence from Australia. Kim Nguyen. October 2022. 1,648. KB. I would like to thank Nalini Agarwal, Benjamin Beckers, Leon Berkelmans, James Bishop, Anthony Brassil,
https://www.rba.gov.au/publications/rdp/2022/2022-05/sections.html

Direct Effects of Covenants

25 Oct 2022 RDP 2022-05
Kim Nguyen
As these factors are likely to vary across industries, I include the sector-level time trends I. ... Formal testing of the difference between the time trend coefficients suggests that the time trends in investment and employment before the exposure shock
https://www.rba.gov.au/publications/rdp/2022/2022-05/direct-effects-of-covenants.html

Corporate Debt Covenants in Australia

25 Oct 2022 RDP 2022-05
Kim Nguyen
Figure 3: Trends in Corporate Debt Covenants. Non-financial listed firms, three-year moving average. ... However, since no such shift is evident, it appears that the increase is not just driven by this trend in reporting.
https://www.rba.gov.au/publications/rdp/2022/2022-05/corporate-debt-covenants-in-australia.html

Aggregate Effects of Covenant Composition

25 Oct 2022 RDP 2022-05
Kim Nguyen
To the extent that the lower share of NC firms reflects the trend in reporting standards rather than a true increase in covenant exposure, the previous calculation may overstate the effects ... As such, there is no evidence of the trend being driven by
https://www.rba.gov.au/publications/rdp/2022/2022-05/aggregate-effects-of-covenant-composition.html

Indirect Effects of Covenants – Monetary Policy Transmission

25 Oct 2022 RDP 2022-05
Kim Nguyen
Similar to the empirical model employed to study the direct effects of covenants, I control for firm-level time-varying financial measures, firm fixed effects and time trends.
https://www.rba.gov.au/publications/rdp/2022/2022-05/indirect-effects-of-covenants-monetary-policy-transmission.html