Search: financial sector
RBA Glossary definition for financial sector
financial sector – The sector of the economy that comprises financial institutions and financial markets.
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MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model
18 Jan 2022
RDP
2022-01
Our state-dependent approach is a significant advance on the treatment of financial sectors within existing macroeconometric models. ... Having a banking sector in MARTIN allows us to explore important policy questions.
https://www.rba.gov.au/publications/rdp/2022/2022-01.html
Introduction
18 Jan 2022
RDP
2022-01
To fill this gap in the RBA's modelling repertoire, we build an extension to MARTIN that incorporates one of the key financial accelerator mechanisms – a banking sector that endogenously and ... We illustrate the financial accelerator mechanism by
https://www.rba.gov.au/publications/rdp/2022/2022-01/introduction.html
MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model
18 Jan 2022
RDP
2022-01
To fill this gap in the RBA's modelling repertoire, we build an extension to MARTIN that incorporates one of the key financial accelerator mechanisms – a banking sector that endogenously and ... We illustrate the financial accelerator mechanism by
https://www.rba.gov.au/publications/rdp/2022/2022-01/full.html
Appendix A: Literature Review
18 Jan 2022
RDP
2022-01
Macroeconometric models at central banks either do not include a financial sector, or include only linear financial accelerator mechanisms (Adrian 2020; Muellbauer 2020). ... Brayton, Laubach and Reifschneider 2014) abstracts from both financial
https://www.rba.gov.au/publications/rdp/2022/2022-01/appendix-a.html
References
18 Jan 2022
RDP
2022-01
Brunnermeier MK and Y Sannikov (2014), ‘A Macroeconomic Model with a Financial Sector’, The American Economic Review, 104(2), pp 379–421. ... RBA (2020a), ‘The Australian Financial System’, Financial Stability Review, October, pp 35–45.
https://www.rba.gov.au/publications/rdp/2022/2022-01/references.html
Conclusion
18 Jan 2022
RDP
2022-01
Download the Paper 1,775. KB. We have built an extension to MARTIN that incorporates one of the key financial accelerator mechanisms – a banking sector that endogenously and nonlinearly changes credit ... Having a banking sector within a macroeconomic
https://www.rba.gov.au/publications/rdp/2022/2022-01/conclusion.html
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
MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model
18 Jan 2022
RDP
2022-01
Research Discussion Paper – RDP 2022-01 MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model.
https://www.rba.gov.au/publications/rdp/2022/2022-01/sections.html
Non-technical summary for ‘MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model’
18 Jan 2022
RDP
2022-01
Our modelling approach is a significant advance on the treatment of financial sectors within existing macroeconometric models. ... Australia's banking sector has an ‘unquestionably strong’ capital framework, tends to be highly profitable, and is
https://www.rba.gov.au/publications/rdp/2022/2022-01/non-technical-summary.html
Read me file
18 Jan 2022
RDP
2022-01
RDP 2022-01: MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model Read me file. ... BA-MARTIN is designed to be used for forward-looking analyses. We advise caution when running BA-MARTIN on historical data, as the
https://www.rba.gov.au/publications/rdp/2022/2022-01/read-me.html