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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Credit Spreads, Monetary Policy and the Price Puzzle
23 Jan 2020
RDP
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1959KB
be positively correlated unless the empirical model fully captures the central bank’s inflation outlook. ... component of monetary policy by purging policy rate changes of the central bank’s systematic.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-01.pdf
Anticipatory Monetary Policy and the ‘Price Puzzle’
18 May 2017
RDP
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2157KB
Central banks say they respond to accelerating inflation by raising nominal interest rates. ... to be orthogonal to the central bank’s information set ( ( )1 1ˆcov , 0t tZψ = ).5.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-02.pdf
Monetary Policy, Equity Markets and the Information Effect
24 Oct 2021
RDP
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1573KB
central banks devote to analysing and forecasting the economy. In Australia, the Reserve Bank of. ... because the central bank has upgraded its economic outlook, this would produce responses.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-04.pdf
Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations
1 Dec 2009
RDP
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170KB
Research Discussion Paper. 9608. November 1996. Economic Analysis Department. Reserve Bank of Australia. ... This is a revised version of a paper prepared for the Bank for InternationalSettlements Central Bank Econometrics Meeting, 14th-15th December 1995
https://www.rba.gov.au/publications/rdp/1996/pdf/rdp9608.pdf
FINANCIAL INNOVATIONS AND MONETARY POLICY1 A PRELIMINARY SURVEY* Carolyn ...
23 Feb 2017
RDP
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542KB
The basic. point was stated many years ago:. If financial institutions do not change significantly, then, once the efficacy of the various central bank operations is established, financial institutions can be ... more readily transferred to near-money
https://www.rba.gov.au/publications/rdp/1983/pdf/rdp8301.pdf
Non-technical summary for 'Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication?…
1 May 2023
RDP
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139KB
RDP 2023-04 non-technical summary
https://www.rba.gov.au/publications/rdp/2023/2023-04/rdp-2023-04-non-technical-summary.pdf
Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
1 May 2023
RDP
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1465KB
central bank expects economic conditions to improve, reflecting additional information held by the. ... participants misunderstand the central bank’s responses to data (Nakamura and Steinsson 2018;.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-04.pdf
MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model
12 Jan 2022
RDP
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1774KB
5.2.4 Scenario 4: banks restrict supply of new loans only 29. ... weights attached to assets when determining banks’ capital adequacy ratios (capital divided by.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf
Identification and Inference under Narrative Restrictions
20 Oct 2023
RDP
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1128KB
However, the RBA owns the copyright in this paper. Reserve Bank of Australia 2023. ... Research Discussion Paper2023-07. October 2023. CeMMAP and Department of Economics, University College London andFederal Reserve Bank of Chicago.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-07.pdf
Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
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1706KB
the central bank’s objectives. For example, a negative demand shock that causes inflation to fall. ... away from the central bank’s inflation target without necessarily moving the economy away from.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf