Search: 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).
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BA-MARTIN in Detail
18 Jan 2022
RDP
2022-01
choices that ensure we do not underestimate the financial accelerator effect, rather than exactly how banks would behave. ... credit supply, resulting in a much larger financial accelerator mechanism than with our baseline assumption.
https://www.rba.gov.au/publications/rdp/2022/2022-01/ba-martin-in-detail.html
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Introduction
31 Dec 2010
RDP
2010-05
RDP 2010-05: Direct Effects of Money on Aggregate Demand: Another Look at the Evidence 1. ... The empirical evidence is mixed. Rudebusch and Svensson (1999, 2002) find little role for monetary aggregates in empirical aggregate demand specifications,
https://www.rba.gov.au/publications/rdp/2010/2010-05/introduction.html
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The Demand for Money in Australia: New Tests on an Old Topic
1 Dec 1993
RDP
9314
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1993/9314.html
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Data
31 Dec 2005
RDP
2005-12
RDP 2005-12: Financial Constraints, the User Cost of Capital and Corporate Investment in Australia 3. ... In summary, the aggregate and firm-level data appear reasonably well correlated over the sample period.
https://www.rba.gov.au/publications/rdp/2005/2005-12/data.html
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China's Evolving Monetary Policy Framework in International Context
9 Dec 2019
RDP
2019-11
financial markets, interest rates, mining, monetary policy, money, open economy. China's monetary policy framework has evolved considerably over the years. ... arrangements. Fourth, our empirical analysis of monetary policy transmission points to both
https://www.rba.gov.au/publications/rdp/2019/2019-11.html
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References
19 Dec 2023
RDP
2023-09
Ottonello P and T Winberry (2020), ‘Financial Heterogeneity and the Investment Channel of Monetary Policy’, Econometrica, 88(6), pp 2473-2502. ... Rajan RG and L Zingales (1998), ‘Financial Dependence and Growth’, The American Economic Review,
https://www.rba.gov.au/publications/rdp/2023/2023-09/references.html
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
1 Aug 2019
RDP
2019-07
We model each of these quantities in nominal terms. Household assets consist of non-financial and financial assets. ... In the short run, trend real growth and movements in equity prices also influence financial assets.
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
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Do Interest Rates Affect Business Investment? Evidence from Australian Company-level Data
9 May 2018
RDP
2018-05
Also, since the global financial crisis, the spread between the rates paid by companies at the top and bottom of the distribution has widened. ... Borrowing rates for a large portion of companies, including smaller and riskier ones, have remained high in
https://www.rba.gov.au/publications/rdp/2018/2018-05.html
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Adoption of Emerging Digital General-purpose Technologies: Determinants and Effects
21 Oct 2023
RDP
2023-10
To examine the characteristics and performance of adopting firms, we merge our adoption data with financial details sourced from Morningstar. ... The financial and health care sectors also appear to have been early adopters, particularly of AI/ML.
https://www.rba.gov.au/publications/rdp/2023/2023-10/full.html
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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
21 Sep 2023
RDP
2023-09
This is consistent with monetary policy influencing firms' investment in part by influencing financial constraints. ... the next quarter or full financial year beginning in a quarter's time).
https://www.rba.gov.au/publications/rdp/2023/2023-09/full.html
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