Search: fiscal transparency
RBA Glossary definition for fiscal transparency
fiscal transparency – The facility which enables investors and other interested parties to satisfy themselves as to the nature and quality of the decision process pursued by policy-makers in government or the corporate entity concerned. One of the 12 key standards identified by the Financial Stability Forum as the minimum required for good practice in sound financial systems. Fiscal transparency strengthens accountability of the government and decreases the risk of maintaining unsustainable policies.
Search Results
Macrofinancial Stress Testing on Australian Banks
13 Sep 2023
RDP
PDF
1940KB
It is designed with a focus on. understanding systemic vulnerabilities and a philosophy of prioritising transparency over complexity. ... It also enables the scenario to incorporate changes in interest rates or fiscal policy, if desired.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-03.pdf
The Real Effects of Debt Covenants: Evidence from Australia
25 Oct 2022
RDP
2022-05
As discussed earlier, this could be due to the trend towards greater transparency in corporate reporting or an increase in the usage of covenants in debt contracts (or both).
https://www.rba.gov.au/publications/rdp/2022/2022-05/full.html
See 2 more results from "RDP 2022-05"
The Real Effects of Debt Covenants: Evidence from Australia
24 Oct 2022
RDP
PDF
1647KB
As discussed. earlier, this could be due to the trend towards greater transparency in corporate reporting or an.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-05.pdf
The Institutional Design Framework for Monetary Policy
9 Dec 2019
RDP
2019-11
Accountability and transparency – the central bank is held accountable by lawmakers for meeting these monetary policy objectives. ... As discussed below, the mechanisms for transparency are more similar than those for accountability per se.
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-institutional-design-framework-for-monetary-policy.html
See 10 more results from "RDP 2019-11"
China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
PDF
1923KB
monetary, macroprudential, fiscal and industrial policies are jointly co-determined under the auspices. ... institutional set-up, increased focus on the management of expectations via increased transparency.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.pdf
Data Sources
8 Mar 2017
RDP
2017-01
Fiscal policy represents another area where conditioning assumptions could have implications for using historical forecast errors to gauge current uncertainty. ... Whether the potential gain in accuracy from adopting such an approach would offset the
https://www.rba.gov.au/publications/rdp/2017/2017-01/data-sources.html
See 3 more results from "RDP 2017-01"
Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve’s Approach
27 Feb 2017
RDP
PDF
1444KB
productive in terms of transparency and clarity. The value of simplicity is reinforced by the FOMC’s. ... in simplicity and transparency is not obvious, however. 10. 5.3 Defining ‘Truth’.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-01.pdf
Central Counterparty Loss Allocation and Transmission of Financial Stress
16 Mar 2015
RDP
PDF
1285KB
One goal of the reform program is to ‘make derivative markets safer’ by reducing interconnectedness, improving counterparty risk management and increasing transparency.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-02.pdf
Fiscal Policy and the Inflation Target
4 Feb 2015
RDP
PDF
847KB
5. The Effect of Fiscal Stimulus 18. 6. Lessons of the Crisis 23. ... The idea that fiscal activism might lower the inflation target is not new.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-02.pdf
The Changing Way We Pay: Trends in Consumer Payments
4 Feb 2015
RDP
PDF
1225KB
Research Discussion Paper. The Changing Way We Pay: Trends in Consumer Payments. Crystal Ossolinski, Tai Lam and David Emery. RDP 2014-05. The Discussion Paper series is intended to make the results of the current economic research within the
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-05.pdf