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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Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
12 May 2023
RDP
2023-04
interest rates, monetary policy, COVID-19. Understanding the effects of monetary policy and its communication is crucial for a central bank. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the
https://www.rba.gov.au/publications/rdp/2023/2023-04.html
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A Contingent Claim Analysis of Risk-based Capital Standards for Banks
1 Sep 1992
RDP
9210
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1992/9210.html
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MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
26 Aug 2019
RDP
2019-07
forecasting, interest rates, modelling, money. This paper introduces MARTIN – the Reserve Bank of Australia's (RBA) current model of the Australian economy. ... In contrast to other large-scale models used at the RBA – and at many other central banks
https://www.rba.gov.au/publications/rdp/2019/2019-07.html
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Cost-benefit Analysis of Leaning against the Wind
11 Jul 2019
RDP
2019-05
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/2019/2019-05.html
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Anticipatory Monetary Policy and the ‘Price Puzzle’
22 May 2017
RDP
2017-02
Romer and Romer (2004) and Cloyne and Hürtgen (2016) successfully remove the price puzzle from US and UK data, respectively, by purging the cash rate of systematic policy responses to central ... Reserve Bank of Australia, 2001–2024. All rights
https://www.rba.gov.au/publications/rdp/2017/2017-02.html
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Emergency Liquidity Injections
10 Oct 2019
RDP
2019-10
This reduces banks' losses on illiquid securities without incentivising more liquidity risk-taking. ... Liquidity injections via securities purchases cannot credibly be penalising, because the policy does not require banks to commit future income.
https://www.rba.gov.au/publications/rdp/2019/2019-10.html
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Monetary Policy, Equity Markets and the Information Effect
22 Apr 2021
RDP
2021-04
financial markets, forecasting, interest rates, monetary policy, money. Central banks analyse copious amounts of information to assess the economic outlook to then set monetary policy. ... However, looking beyond monetary policy announcements yields some
https://www.rba.gov.au/publications/rdp/2021/2021-04.html
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Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach
28 Feb 2017
RDP
2017-01
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/2017/2017-01.html
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Introduction
20 Sep 2022
RDP
2022-03
We also employ many of the features included in other central banks' stress testing models, tailored to the characteristics of Australian banks. ... Section 7 provides some avenues for future development. Footnote. These include the Bank of England's
https://www.rba.gov.au/publications/rdp/2022/2022-03/introduction.html
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Explaining Monetary Spillovers: The Matrix Reloaded
24 Apr 2019
RDP
2019-03
financial markets, interest rates, monetary policy, money, open economy. Using monetary policy shocks for 7 advanced economy central banks, measured at high frequency, we document the strength and characteristics of interest ... Reserve Bank of Australia,
https://www.rba.gov.au/publications/rdp/2019/2019-03.html
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