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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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Appendix A: Literature Review

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
relationships between macro and financial variables (Adrian, Boyarchenko and Giannone 2019a, 2019b; Hartigan and Wright 2021). ... Some central bank stress testing frameworks include an amplifying feedback to the real economy.
https://www.rba.gov.au/publications/rdp/2022/2022-01/appendix-a.html

MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
RW = Risk-weighted. (a) Links within the real economy are excluded for simplicity. ... How banks set E. New. ,t. and D. t. depends on the state of the economy.
https://www.rba.gov.au/publications/rdp/2022/2022-01/full.html

References

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
Adrian T, N Boyarchenko and D Giannone (2019a), ‘Multimodality in Macro-Financial Dynamics’, Federal Reserve Bank of New York Staff Report No 903. ... Kiyotaki N and J Moore (1997), ‘Credit Cycles’, Journal of Political Economy, 105(2), pp
https://www.rba.gov.au/publications/rdp/2022/2022-01/references.html

How Does the Pass-through of Monetary Policy Change with the State of the Economy?

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
How Does the Pass-through of Monetary Policy Change with the State of the Economy? ... economy once the level of the cash rate moves below 1.5 per cent.
https://www.rba.gov.au/publications/rdp/2022/2022-01/how-does-the-pass-through-of-monetary-policy-change-with-the-state-of-the-economy.html

How Might COVID-19 Have Affected the Banking Sector and What Feedback Would This Have Had on the Real Economy?

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
How Might COVID-19 Have Affected the Banking Sector and What Feedback Would This Have Had on the Real Economy? ... In any macro model, variables can be split into exogenous variables (those determined outside the model) and endogenous variables
https://www.rba.gov.au/publications/rdp/2022/2022-01/how-might-covid-19-have-affected-the-banking-sector-and-what-feedback-would-this-have-had-on-the-real-economy.html