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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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The Thinking Underlying Current Arrangements
1 Jul 1997
RDP
9703
Essentially these rest on the now well-documented arguments for central-bank accountability. ... expected. There has been little formal justification for why central banks might act in this way.
https://www.rba.gov.au/publications/rdp/1997/9703/thinking-underlying-current-arrangements.html
The Implementation of Monetary Policy in Australia
1 Jul 1997
RDP
9703
This paper was prepared for the Autumn Meeting of Central Bank Economists at the Bank for International Settlements, Basle, in October 1996. ... The opinions expressed are those of the authors and should not be attributed to the Reserve Bank of Australia.
https://www.rba.gov.au/publications/rdp/1997/9703/
Appendix B: A Model of Interest-rate Adjustment
1 Jul 1997
RDP
9703
The central bank is assumed to know with certainty that this model represents the true inflation process, and it also knows the parameters with certainty. ... This rule means that the central bank sets the interest rate at the point where in expectation
https://www.rba.gov.au/publications/rdp/1997/9703/appendix-b.html
The Implementation of Monetary Policy in Australia
1 Jul 1997
RDP
9703
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1997/9703.html
The Australian Framework for Implementing Monetary Policy
1 Jul 1997
RDP
9703
After the difficulties experienced with administered interest rates in the 1970s, central banks saw advantages in implementing monetary policy through market operations and having some volatility in short-term interest rates; ... This arrangement was
https://www.rba.gov.au/publications/rdp/1997/9703/australian-framework-implementing-monetary.html