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.
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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
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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
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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
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Modelling Countercyclical Fiscal Policy
10 Dec 2014
RDP
2014-02
RDP 2014-02: Fiscal Policy and the Inflation Target 3. Modelling Countercyclical Fiscal Policy. ... The role of a policy reaction function (whether fiscal or monetary) is sometimes misunderstood.
https://www.rba.gov.au/publications/rdp/2014/2014-02/modelling-countercyclical-fiscal-policy.html
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Conclusions
31 Dec 2005
RDP
2005-04
In the former, policy-makers would be aware that fiscal policy could be called upon, if necessary, to aid in stimulating the economy and forestalling any risk of deflation becoming entrenched. ... Notwithstanding these caveats, our framework has the twin
https://www.rba.gov.au/publications/rdp/2005/2005-04/conclusions.html
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What Happened?
1 May 1998
RDP
9805
The individual-country reserve figures may also miss co-ordinated intervention undertaken in support of currencies by (third party) monetary authorities or intervention that is funded through a country's fiscal ... The performance criteria on monetary
https://www.rba.gov.au/publications/rdp/1998/1998-05/what-happened.html
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Non-technical summary for ‘Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data’
15 Feb 2024
RDP
2024-01
Because macroeconomic policy, such as monetary or fiscal policy, can influence economic conditions, it may play a very important role in limiting such scarring and, more generally, could have long-lasting
https://www.rba.gov.au/publications/rdp/2024/2024-01/non-technical-summary.html
Data
19 Dec 2023
RDP
2023-09
And the public sector (health, education, public administration) is removed as fiscal policy is likely to play a more important role in investment in this sector.
https://www.rba.gov.au/publications/rdp/2023/2023-09/data.html
Identification and Inference under Narrative Restrictions
26 Oct 2023
RDP
2023-07
Research Discussion Paper – RDP 2023-07 Identification and Inference under Narrative Restrictions. Raffaella Giacomini. , Toru Kitagawa. and Matthew Read. October 2023. 1.10. MB. 1. Introduction. Understanding the dynamic causal effects of
https://www.rba.gov.au/publications/rdp/2023/2023-07/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
And the public sector (health, education, public administration) is removed as fiscal policy is likely to play a more important role in investment in this sector.
https://www.rba.gov.au/publications/rdp/2023/2023-09/full.html