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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The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment

31 Jan 2023 RDP 2023-01
Tom Cusbert
The macro modelling literature is equally divided. Two recent prominent papers reach essentially opposite conclusions. ... That is the average finding, with the effect larger in emerging economies and smaller in advanced economies.
https://www.rba.gov.au/publications/rdp/2023/2023-01/full.html

The Role of Collateral Constraints is Contested

31 Jan 2023 RDP 2023-01
Tom Cusbert
The macro modelling literature is equally divided. Two recent prominent papers reach essentially opposite conclusions. ... That is the average finding, with the effect larger in emerging economies and smaller in advanced economies.
https://www.rba.gov.au/publications/rdp/2023/2023-01/the-role-of-collateral-constraints-is-contested.html