Search: central bank
RBA Glossary definition for central bank
central bank – A non-commercial bank, which may or may not be independent of government, which has some or all of the following functions: conduct monetary policy; oversee the stability of the financial system; issue currency notes; act as banker to the government; supervise financial institutions and regulate payments systems.
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Appendix C: Central Difference Kalman Filter
31 Dec 2011
RDP
2011-01
Download the Paper 480. KB. The central difference Kalman filter is a type of sigma-point filter. ... L is the number of latent factors and h is the central difference step size, which is set to.
https://www.rba.gov.au/publications/rdp/2011/2011-01/appendix-c.html
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Asset-price Bubbles and Monetary Policy
1 Dec 2009
RDP
PDF
63KB
In this case, the central bank’s forecast of future inflation might actuallyfall. ... If current inflation isabove target, the central bank cannot immediately return it to target.
https://www.rba.gov.au/publications/rdp/1997/pdf/rdp9709.pdf
China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
banks. Prior to the establishment of the PBC in 1948, the Bank of China (the oldest ‘living’ bank in China) had served as a quasi-central bank between 1912 and 1928 ... More in keeping with most central banks in advanced economies (the exceptions
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
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The Implementation of Monetary Policy in Australia
1 Dec 2009
RDP
PDF
190KB
Essentially these rest on the nowwell-documented arguments for central-bank accountability. Among the specificbenefits:. • ... Suppose, forexample, that the central bank raises nominal (and real) interest rates to combat aninflation shock.
https://www.rba.gov.au/publications/rdp/1997/pdf/rdp9703.pdf
Research Discussion Papers – 2024
1 Jan 2024
RDP
The views expressed in RDPs are those of the authors and do not necessarily represent those of the Bank. ... Chris Becker, Anny Francis, Calebe de Roure and Brendan Wilson. RDP 2024-02 Valuing Safety and Privacy in Retail Central Bank Digital Currency.
https://www.rba.gov.au/publications/rdp/2024/
Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
13 Feb 2024
RDP
PDF
1260KB
Fornaro and Wolf 2023). That said, the results do not suggest that central banks should focus mainly. ... other factors. For example, the central bank is likely to raise rates if it expects economic activity and.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf
The Macroeconomy, the Term Structure and Monetary Policy Under Imperfect Information
31 Dec 2006
RDP
2006-05
where I. t. is the information set of the central bank at time t. ... where Z. t. is the vector of variables that are observable to the central bank and.
https://www.rba.gov.au/publications/rdp/2006/2006-05/macroeconomy-term-structure-and-monetary-policy-under-imperfect-information.html
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Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020
15 May 2024
RDP
2024-03
Over the years, the Reserve Bank of Australia has published data and analysis of the repo market by providing indirect perspectives using data from its own open market operations that are ... This paper contributes to this work. The Reserve Bank conducts
https://www.rba.gov.au/publications/rdp/2024/2024-03.html
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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
11 Dec 2023
RDP
2023-09
Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land,
https://www.rba.gov.au/publications/rdp/2023/2023-09.html
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The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
8 Jun 2023
RDP
PDF
1310KB
otherwise similar banks operating in more competitive environments. Central bank term funding facilities: The introduction of various funding schemes since the. ... experiences. 10. Figure 2: Trends in Bank Profitability. Average of contributing central
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-05.pdf