Search: macro economy

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RBA Glossary definition for macro economy

macro economy – The economy looked at as a whole or in terms of major components measured by aggregates such as gross domestic product, the balance of payments and related links, in the context of the national economy. This contrasts with microeconomics which focuses upon specific firms or industries.

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Data

23 Apr 2019 RDP 2019-03
Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia
We consider a broad range of macro and financial variables to explain cross-country differences in the strength of spillovers. ... Table A1 in the Online Appendix presents an overview of the spillover originator and recipient economies in our sample.
https://www.rba.gov.au/publications/rdp/2019/2019-03/data.html

Explaining Monetary Spillovers: The Matrix Reloaded

1 Apr 2019 RDP 2019-03
Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia
With globally integrated capital markets, movements in term premia (and other possible risk premium components) in a large economy can drive those in other economies. ... The three channels differ in the types of macro and financial conditions affecting
https://www.rba.gov.au/publications/rdp/2019/2019-03/full.html

Why Do Monetary Policy Spillovers Occur?

23 Apr 2019 RDP 2019-03
Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia
This may in turn lead investors to update their expectations of macro conditions in the recipient country due to the various economic linkages between the two economies. ... With globally integrated capital markets, movements in term premia (and other
https://www.rba.gov.au/publications/rdp/2019/2019-03/why-do-monetary-policy-spillovers-occur.html

What Determines the Strength of Spillovers?

23 Apr 2019 RDP 2019-03
Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia
We first use trade variables to capture the direct economic linkages between economies. ... investors. Unfortunately, such granular data does not exist for all economies we considered.
https://www.rba.gov.au/publications/rdp/2019/2019-03/what-determines-the-strength-of-spillovers.html

Research Design: Detecting and Explaining Spillovers

23 Apr 2019 RDP 2019-03
Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia
The three channels differ in the types of macro and financial conditions affecting the strengths of spillovers across economies. ... Our conditioning variable X. i. ,t. either measures economic linkages, conditions governing the FX regime of the economy,
https://www.rba.gov.au/publications/rdp/2019/2019-03/research-design-detecting-and-explaining-spillovers.html