Search: macro economy

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1–3 of 3 collapsed search results for 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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How Risky is Australian Household Debt?

25 Aug 2020 RDP 2020-05
Jonathan Kearns, Mike Major and David Norman
We do this using an (unbalanced) panel of 22 advanced economies covering the period from 1980 to 2018. ... Figure 3: Household Debt and Ownership. Available advanced economies, debt as at 2018.
https://www.rba.gov.au/publications/rdp/2020/2020-05/full.html

References

25 Aug 2020 RDP 2020-05
Jonathan Kearns, Mike Major and David Norman
Baker SR (2018), ‘Debt and the Response to Household Income Shocks: Validation and Application of Linked Financial Account Data’, Journal of Political Economy, 126(4), pp 1504–1557. ... Borio C, M Drehmann and K Tsatsaronis (2014),
https://www.rba.gov.au/publications/rdp/2020/2020-05/references.html

Stress Testing Household Debt

25 Aug 2020 RDP 2020-05
Jonathan Kearns, Mike Major and David Norman
Estimates of MPCy in Australia vary widely, depending on methodology and whether it is based on macro or micro data. ... This highlights that concentrating risks to a subset of the population tends to reduce the economy-wide effects on consumption.
https://www.rba.gov.au/publications/rdp/2020/2020-05/stress-testing-household-debt.html