Search: capital market
RBA Glossary definition for capital market
capital market – A market for medium to long-term financial instruments. Financial instruments traded in the capital market include shares, and bonds issued by the Australian Government, State governments, corporate borrowers and financial institutions.
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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
15 Feb 2024
RDP
2024-01
A version of the Beckers (2020) shock that does not purge market expectations, which we call ‘Beckers’. ... Thus, they may be more sensitive to the global, not the domestic, cost of capital.
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
22 Dec 2023
RDP
2023-09
cr: cash rate changes – RBA statistical table F1.1 Interest Rates and Yields – Money Market – Monthly.
https://www.rba.gov.au/publications/rdp/2023/2023-09/read-me.html
References
21 Dec 2023
RDP
2023-10
Bahar E and O Lane (2022), ‘How Dispersed are New Technologies in the Australian Job Market?’, Treasury Round Up, October, pp 21-27. ... Hambur J (2023), ‘Did Labour Market Concentration Lower Wages Growth Pre-COVID?’, RBA Research Discussion
https://www.rba.gov.au/publications/rdp/2023/2023-10/references.html
See 13 more results from "RDP 2023-10"
Data
19 Dec 2023
RDP
2023-09
Sources: ABS; Authors' calculations. Data on firms' expected investment is sourced from the ABS survey of New Capital Expenditure (CAPEX). ... 9,146. 346. 59,335. No of observations. 519,000. Note: (a) Capital expenditure deflated to 2017/18 dollars
https://www.rba.gov.au/publications/rdp/2023/2023-09/data.html
References
19 Dec 2023
RDP
2023-09
Morlacco M and D Zeke (2021), ‘Monetary Policy, Customer Capital, and Market Power’, Journal of Monetary Economics, 121, pp 116–134. ... Woodford M (2005), ‘Firm-specific Capital and the New-Keynesian Phillips Curve’, NBER Working Paper No 11149
https://www.rba.gov.au/publications/rdp/2023/2023-09/references.html
Introduction
19 Dec 2023
RDP
2023-09
borrowing rates) – the ‘user cost of capital’; and loosening credit and financing constraints by freeing up cash flow for indebted firms or raising the value of collateral that firms can pledge ... This could reflect the fact that monetary policy
https://www.rba.gov.au/publications/rdp/2023/2023-09/introduction.html
Conclusion
19 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE 6. Conclusion. Gulnara Nolan, Jonathan Hambur and Philip Vermeulen. December 2023. Download the Paper 1.74. MB. Investment is a crucial driver
https://www.rba.gov.au/publications/rdp/2023/2023-09/conclusion.html
Appendix C: Additional Microdata Results
19 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE Appendix C: Additional Microdata Results. Gulnara Nolan, Jonathan Hambur and Philip Vermeulen. December 2023. Download the Paper 1.74. MB.
https://www.rba.gov.au/publications/rdp/2023/2023-09/appendix-c.html
Appendix A: Summary Statistics
19 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE Appendix A: Summary Statistics. Gulnara Nolan, Jonathan Hambur and Philip Vermeulen. December 2023. Download the Paper 1.74. MB. Table A1:
https://www.rba.gov.au/publications/rdp/2023/2023-09/appendix-a.html
Appendix B: Aggregate Data Results
19 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE Appendix B: Aggregate Data Results. Gulnara Nolan, Jonathan Hambur and Philip Vermeulen. December 2023. Download the Paper 1.74. MB. Figure B1:
https://www.rba.gov.au/publications/rdp/2023/2023-09/appendix-b.html