Search: financial aggregates

Sort by: Date Relevance
1–6 of 6 collapsed search results for financial aggregates

RBA Glossary definition for financial aggregates

financial aggregates – A Reserve Bank of Australia data series specifying measures of the supply of money and credit. It includes some or all of: currency on issue; current deposits with banks; other deposits of the private non-bank sector with banks; borrowings from the private sector by non-bank depository corporations; and credit (loans, advances and bills discounted to the private sector).

Search Results

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
We find that contractionary (expansionary) monetary policy reduces (increases) aggregate research and development (R&D) spending, and that lower (higher) R&D spending reduces (increases) future productivity. ... These channels include affecting demand or
https://www.rba.gov.au/publications/rdp/2024/2024-01.html

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
Changing aggregate demand in the economy is an important channel for monetary policy. ... This can reflect: tighter aggregate credit supply; lower asset prices which reduce borrowers' collateral value and therefore borrowing capacity, the ‘financial
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html

Results

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
100 basis point contractionary shock. Notes: Results from local projection model of aggregate innovation metrics on monetary policy shock. ... A Romer and Romer-style shock where the policy reaction function includes only economic variables and excludes
https://www.rba.gov.au/publications/rdp/2024/2024-01/results.html

Data and Methodology

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Aggregate (log) R&D spending data from the Australian Bureau of Statistics (ABS) national accounts. ... We also estimate Equation (1) using aggregate variables which we can represent identically to the above, simply dropping the i subscripts.
https://www.rba.gov.au/publications/rdp/2024/2024-01/data-and-methodology.html

Literature Review

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
More recently the scarring literature has begun to look at the medium-run implications for productivity, building on the existing evidence that economic and financial conditions can influence the amount of ... Footnote. In a related literature,
https://www.rba.gov.au/publications/rdp/2024/2024-01/literature-review.html

Through Which Channels Does Monetary Policy Affect Innovation?

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Changing aggregate demand in the economy is an important channel for monetary policy. ... This can reflect: tighter aggregate credit supply; lower asset prices which reduce borrowers' collateral value and therefore borrowing capacity, the ‘financial
https://www.rba.gov.au/publications/rdp/2024/2024-01/through-which-channels-does-monetary-policy-affect-innovation.html