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1–6 of 6 collapsed search results for lending and credit aggregates

RBA Glossary definition for lending and credit aggregates

lending and credit aggregates – Reserve Bank of Australia measures of lending and credit made available to the private non-finance sector (including public trading enterprises) or, the government sector by those financial intermediaries whose liabilities are included in broad money. Broad money is defined as currency plus bank current deposits of the private non-bank sector, plus all other bank deposits of the private non-bank sector plus borrowings from the private sector by non-bank financial intermediaries (NBFIs), less the latter's holdings of currency and bank deposits.

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Robustness

31 Dec 2012 RDP 2012-02
David Jacobs and Vanessa Rayner
RDP 2012-02: The Role of Credit Supply in the Australian Economy 6. ... GNE is assumed to respond contemporaneously to credit, reflecting a quick pass-through of credit to aggregate demand.
https://www.rba.gov.au/publications/rdp/2012/2012-02/robustness.html

References

31 Dec 2012 RDP 2012-02
David Jacobs and Vanessa Rayner
RDP 2012-02: The Role of Credit Supply in the Australian Economy References. ... The American Economic Review. , 73(3), pp 257–276. Bernanke BS and AS Blinder (1988), ‘Credit, Money, and Aggregate Demand’,.
https://www.rba.gov.au/publications/rdp/2012/2012-02/references.html

A Proxy for Credit Frictions

31 Dec 2012 RDP 2012-02
David Jacobs and Vanessa Rayner
A tightening in lending standards also results in an increase in the credit spread and a decline in the federal funds rate. ... Rather than using an aggregate measure of credit conditions, Lown and Morgan (2006) focus only on changes in commercial and
https://www.rba.gov.au/publications/rdp/2012/2012-02/proxy-credit-frictions.html

Introduction

31 Dec 2012 RDP 2012-02
David Jacobs and Vanessa Rayner
RDP 2012-02: The Role of Credit Supply in the Australian Economy 1. ... Understanding the impact of credit supply shocks is important from the perspective of a central bank.
https://www.rba.gov.au/publications/rdp/2012/2012-02/introduction.html

Modelling the Role of Credit Frictions in the Australian Economy

31 Dec 2012 RDP 2012-02
David Jacobs and Vanessa Rayner
the log of aggregate real business credit (credit), and the ACCI-Westpac survey measure of difficulty obtaining finance (difficulty). ... Both sets contain a price and quantity term – inflation and output in the New Keynesian case, or spread and credit
https://www.rba.gov.au/publications/rdp/2012/2012-02/modelling-role-credit-frictions-aus-economy.html

Credit Frictions in Theory

31 Dec 2012 RDP 2012-02
David Jacobs and Vanessa Rayner
RDP 2012-02: The Role of Credit Supply in the Australian Economy 2. ... While the financial accelerator mechanism operates through the investment activities of firms, credit frictions may also affect aggregate demand through other components of
https://www.rba.gov.au/publications/rdp/2012/2012-02/credit-frictions-theory.html