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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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Overview

10 Mar 2007 FSR – March 2007
The world economy has grown at an above-average pace over the past four years and, for most of this period, volatility in financial markets has been unusually subdued. ... markets. The main debate here is over the extent to which the macro and financial
https://www.rba.gov.au/publications/fsr/2007/mar/overview.html

Overview

10 Apr 2018 FSR – April 2018
This is a positive development because of the importance of the Chinese economy to the Australian economy. ... The high level of household indebtedness increases the risk of a rise in household financial stress amplifying a shock to the economy.
https://www.rba.gov.au/publications/fsr/2018/apr/overview.html

Did Labour Market Concentration Lower Wages Growth Pre-COVID?

28 Feb 2023 RDP PDF 1812KB
3. labour shares in some advanced economies.2 Of particular interest to academics and policymakers is the role of concentration in labour markets (OECD 2020). ... Moreover, the latter aspect is also of relevance, particularly in thinking about the macro
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-02.pdf

The Consequences of Low Interest Rates for the Australian Banking Sector

19 Dec 2022 RDP PDF 1588KB
temporary (i.e. business cycle) shocks have worked their way through the economy. ... a stylised macro model designed to determine the effectiveness of monetary policy at low interest.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-08.pdf

Appendix A: Model Specifications

20 Sep 2022 RDP 2022-03
Nicholas Garvin, Samuel Kurian, Mike Major and David Norman
accounts for the natural level of defaults that take place even in a strong economy. (. ... 0. The pre-calibrated PD coefficients used in these equations are shown in Table A2 and LGDs do not depend on the macro environment.
https://www.rba.gov.au/publications/rdp/2022/2022-03/appendix-a.html
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Did Labour Market Concentration Lower Wages Growth Pre-COVID?

1 Mar 2023 RDP 2023-02
Jonathan Hambur
The topic has received a lot of focus in recent years in response to slow wages growth, and evidence of increasing inequality and declining labour shares in some advanced economies. ... Errors clustered at the local market level. To provide a sense of
https://www.rba.gov.au/publications/rdp/2023/2023-02/full.html
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Smells Like Animal Spirits: The Effect of Corporate Sentiment on Investment

25 Nov 2021 RDP PDF 1696KB
economy (e.g. Roberts and Simon 2001; Barsky and Sims 2012; Blanchard, L'Huillier and. ... returns in the corporate finance literature. Based on this, macro policymakers should consider.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-11.pdf

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
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References

1 Jun 1977 RDP 7702
P.D. Jonson and J.C. Taylor
RDP 7702: Inflation and Economic Stability in a Small Open Economy: A Systems Approach References. ... Melbourne: Sun Books. Perkins, J.O.N. (1975), Macro-economic Policy in Australia. Melbourne: Melbourne University Press.
https://www.rba.gov.au/publications/rdp/1977/7702/references.html
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References

11 Jun 2008 RDP 2008-03
Mariano Kulish and Daniel Rees
RDP 2008-03: Monetary Transmission and the Yield Curve in a Small Open Economy References. ... Rudebusch GD and T Wu (2004), ‘A Macro-Finance Model of the Term Structure, Monetary Policy, and the Economy’, Federal Reserve Bank of San Francisco
https://www.rba.gov.au/publications/rdp/2008/2008-03/references.html
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