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1 Jul 2019
RDP
2019-05
Trent Saunders and Peter Tulip
The optimal control scenario sets interest rates so as to minimise the squared deviations of inflation from its target, the unemployment rate from the NAIRU, and squared changes in the policy ... to the higher cash rate, before it gradually returns to
https://www.rba.gov.au/publications/rdp/2019/2019-05/full.html
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29 May 2017
RDP
2017-02
James Bishop and Peter Tulip
data. However, our baseline results are not qualitatively affected if we re-estimate our models using cash rate changes in end-quarter Board meetings over this period. ... Since the Bank only began announcing cash rate outcomes from 1990 onwards, for the
https://www.rba.gov.au/publications/rdp/2017/2017-02/appendix-c.html
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26 Jul 2021
RDP
2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
Comparing the middle and bottom panels makes clear that mortgage rates move fairly closely with the cash rate. ... given that the cash rate is a very strong determinant of mortgage rates.
https://www.rba.gov.au/publications/rdp/2021/2021-07/full.html
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1 Oct 2019
RDP
2019-10
Nicholas Garvin
They can allocate l between two types of liquid assets – securities ‘s’ and cash ‘c’. ... r. P. 1. >. r. P. 2. , but equal interest rates across the two policies.
https://www.rba.gov.au/publications/rdp/2019/2019-10/full.html
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20 Jan 2021
RDP
2021-01
Nicholas Garvin, David W Hughes and José-Luis Peydró
Heightened demand for high-quality collateral is evident from the interest rate differential on collateralised loans across collateral types – rates for first-best collateral fall market-wide by over 100 basis ... In the unsecured market, the overnight
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html
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31 Aug 2021
RDP
2021-09
James Bishop and Emma Greenland
These findings have important implications for policy. According to the RBA Board (RBA 2021a), the cash rate will not be raised until inflation is sustainably within the 2 to 3 per ... For example, in response to a persistent negative supply shock a
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html
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4 Aug 2021
RDP
PDF
2345KB
quarter t , minus the cash rate, in percentage points. It is first differenced in most regressions. ... controls, given that the cash rate is a very strong determinant of mortgage rates.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-07.pdf
14 Jan 2021
RDP
PDF
1784KB
monetary policy implementation target. The rate has historically displayed very little cross-sectional. ... variance and has not been indicative of counterparty risk. The RBA keeps the rate at target by.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-01.pdf
9 May 2024
RDP
PDF
4625KB
fixed interest rate in exchange for receiving the average cash rate recorded over the term of the swap. ... from financial institutions. This measure of the cash rate has been published by the Reserve Bank.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-03.pdf
29 Aug 2021
RDP
PDF
1706KB
cash rate will not be raised until inflation is sustainably within the 2 to 3 per cent target range. ... prevent inflation straying too far from target (tolerating a higher unemployment rate to achieve.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf