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RBA Glossary definition for broad money
broad money – The widest definition of money published by the Reserve Bank of Australia (RBA). Broad money is defined as currency plus ADI deposits from the non-AFI private sector, plus other short-term liquid AFI liabilities held by the non-AFI private sector.
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Introduction
31 Dec 2010
RDP
2010-05
RDP 2010-05: Direct Effects of Money on Aggregate Demand: Another Look at the Evidence 1. ... Only if money has direct effects can this newly created money help to stimulate the economy.
https://www.rba.gov.au/publications/rdp/2010/2010-05/introduction.html