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RBA Glossary definition for basis point

basis point – A basis point is 1/100th of 1 per cent or 0.01 per cent, so 100 basis points (bps) is equal to 1 percentage point. The term is used in money and securities markets to define differences in interest or yield. If an interest rate were to increase from 2 per cent to 3 per cent, it is said to have risen by 100 basis points (bps) or one percentage point.

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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
The share of SMEs (less than 200 employees) innovating falls by 6 percentage points the year after a 100 basis point contractionary monetary policy shock (Table 1). ... Table 1: Effect of 100 Basis Point Contractionary Shock on Share of Firms Innovating.
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html

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15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
The share of SMEs (less than 200 employees) innovating falls by 6 percentage points the year after a 100 basis point contractionary monetary policy shock (Table 1). ... Table 1: Effect of 100 Basis Point Contractionary Shock on Share of Firms Innovating.
https://www.rba.gov.au/publications/rdp/2024/2024-01/results.html

Appendix B: Additional Regression Results

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Table B1: Effect of 100 Basis Point Contractionary Shock on Share of Firms Innovating. ... Table B2: Effect of 100 Basis Point Contractionary Shock on Share of Firms Innovating.
https://www.rba.gov.au/publications/rdp/2024/2024-01/appendix-b.html

Macroeconomic Effects on Productivity

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Drawing on other estimates, they suggest that a 100 basis point shock would lower TFP and output by 0.5 to 1 per cent, whereas our estimates put this around
https://www.rba.gov.au/publications/rdp/2024/2024-01/macroeconomic-effects-on-productivity.html

Literature Review

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Applying standard multipliers from innovative activity to output, they suggest that a 100 basis point contractionary shock could lead to output that is 1 per cent lower five years after the
https://www.rba.gov.au/publications/rdp/2024/2024-01/literature-review.html

Through Which Channels Does Monetary Policy Affect Innovation?

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Table 2: Effect of 100 Basis Point Contractionary Shock on Share of Firms Innovating. ... Table 5: Effect of 100 Basis Point Contractionary Shock on Share of Firms Innovating.
https://www.rba.gov.au/publications/rdp/2024/2024-01/through-which-channels-does-monetary-policy-affect-innovation.html