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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 Model
1 Jun 2015
RDP
2015-07
Π. n,t 1. represents the rate of inflation for the non-traded sector as a whole in period t 1 and Π is the central bank's target for aggregate ... The central bank sets the short-term nominal interest rate, R. t. ,
https://www.rba.gov.au/publications/rdp/2015/2015-07/model.html
Introduction
1 Jun 2015
RDP
2015-07
In addition to their popularity in the academic literature, DSGE models are also widely used by central banks for quantitative policy analysis and forecasting. ... Overall, this emphasis on simplicity represents something of a departure from the approach
https://www.rba.gov.au/publications/rdp/2015/2015-07/introduction.html
References
1 Jun 2015
RDP
2015-07
Lubik TA and F Schorfheide (2007), ‘Do Central Banks Respond to Exchange Rate Movements? ... International Journal of Central Banking. , 2(3), pp 193–230. Rotemberg JJ (1982), ‘Monopolistic Price Adjustment and Aggregate Output’,.
https://www.rba.gov.au/publications/rdp/2015/2015-07/references.html
What has Driven the Australian Business Cycle?
1 Jun 2015
RDP
2015-07
the central bank's policy regime. ... 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/2015/2015-07/what-driven-aus-business-cycle.html