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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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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
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/2024/2024-01.html
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Appendix C: Central Difference Kalman Filter

31 Dec 2011 RDP 2011-01
Richard Finlay and Sebastian Wende
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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The Thinking Underlying Current Arrangements

1 Jul 1997 RDP 9703
Ric Battellino, John Broadbent and Philip Lowe
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
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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/

Trends in the Funding and Lending Behaviour of Australian Banks

20 Dec 2013 RDP 2013-15
Chris Stewart, Benn Robertson and Alexandra Heath
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2013/2013-15.html
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China's Evolving Monetary Policy Framework in International Context

1 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
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 Macroeconomy, the Term Structure and Monetary Policy Under Imperfect Information

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
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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Where's the Money‽ An Investigation into the Whereabouts and Uses of Australian Banknotes

10 Dec 2018 RDP 2018-12
Richard Finlay, Andrew Staib and Max Wakefield
interest rates, monetary policy, money, payments. The Reserve Bank of Australia is the sole issuer and redeemer of Australian banknotes. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the
https://www.rba.gov.au/publications/rdp/2018/2018-12.html
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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE

11 Dec 2023 RDP 2023-09
Gulnara Nolan, Jonathan Hambur and Philip Vermeulen
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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Credit Spreads, Monetary Policy and the Price Puzzle

28 Jan 2020 RDP 2020-01
Benjamin Beckers
This can be explained by the forward-looking behaviour of the central bank. ... Inflation does not rise in response to an increase in the policy rate but, instead, the central bank raises its policy rate when it expects inflation to increase in the future
https://www.rba.gov.au/publications/rdp/2020/2020-01.html
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