Search: aggregate supply
RBA Glossary definition for aggregate supply
aggregate supply – Gross domestic product as measured by the value of goods and services produced.
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Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
3 Jan 2023
RDP
2022-09
this shock from shocks to aggregate demand and supply (This involves restricting the cash rate and prices to move in opposite directions following a monetary policy shock, as in Uhlig (2005). ... raise the interest rate and lower prices, while both
https://www.rba.gov.au/publications/rdp/2022/2022-09/full.html
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Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
29 Dec 2022
RDP
PDF
1886KB
responses is that combinations of expansionary supply and demand shocks may ‘masquerade’ as. ... required to differentiate monetary policy shocks from shocks to supply and demand; conventional.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf
The Consequences of Low Interest Rates for the Australian Banking Sector
21 Dec 2022
RDP
2022-08
The policy easing increases aggregate demand, thereby increasing business revenues and property prices, and reducing unemployment. ... no evidence of an aggregate reduction in credit supply (let alone a reversal rate).
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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The Consequences of Low Interest Rates for the Australian Banking Sector
19 Dec 2022
RDP
PDF
1588KB
default and the loss given default), thereby improving banks’ profitability and, in turn, moderating any credit supply. ... In addition. to the direct effect on banks’ costs of funding, the lower bond issuance reduced the supply of banks’.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-08.pdf
Conclusion
13 Dec 2022
RDP
2022-07
We also find no statistically significant effects on aggregate business credit growth for eligible banks that accessed the TFF compared to banks that did not draw down. ... It is also, to the best of our knowledge, the first empirical study of the
https://www.rba.gov.au/publications/rdp/2022/2022-07/conclusion.html
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The Term Funding Facility: Has It Encouraged Business Lending?
8 Dec 2022
RDP
PDF
2133KB
of pandemic-related disruptions and other policy interventions on credit supply and demand. ... aggregate lending to large businesses increased in mid-2021 as economic conditions improved.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-07.pdf
Do Australian Households Borrow to Keep up with the Joneses?
10 Nov 2022
RDP
2022-06
However, aggregate inequality masks variation at the local level, which may serve as a key reference group for most individuals when making decisions. ... Therefore, if they drive the average debt accumulation, that could suggest the credit supply
https://www.rba.gov.au/publications/rdp/2022/2022-06/full.html
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Do Australian Households Borrow to Keep up with the Joneses?
8 Nov 2022
RDP
PDF
1659KB
phenomenon often cited as an explanation for households’ excess of labour supply and overspending. ... debt accumulation, that could suggest the credit supply channel rather than the credit demand.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-06.pdf
Aggregate Effects of Covenant Composition
25 Oct 2022
RDP
2022-05
Aggregate Effects of Covenant Composition. Kim Nguyen. October 2022. ... However, to the extent that the same shifts have occurred amongst non-listed firms, this might still suggest some moderate aggregate effects.
https://www.rba.gov.au/publications/rdp/2022/2022-05/aggregate-effects-of-covenant-composition.html
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Macrofinancial Stress Testing on Australian Banks
20 Sep 2022
RDP
2022-03
The first is to map the GDP growth shock into an aggregate shock to firm profits. ... and this ratio is used to translate GDP growth shocks into aggregate profits growth shocks.
https://www.rba.gov.au/publications/rdp/2022/2022-03/full.html
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