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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 Determinants of Corporate Leverage: A Panel Data Analysis

1 Dec 1993 RDP 9313
Geoffrey Shuetrim, Philip Lowe and Steve Morling
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1993/9313.html
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The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data

1 Jul 2019 RDP 2019-06
Fiona Price, Benjamin Beckers and Gianni La Cava
This suggests that a high level of household debt may weigh on spending even when the economy is in a more ‘normal’ phase of the business cycle. ... If debt has no direct effect on spending but affects spending only when there are shocks to income or
https://www.rba.gov.au/publications/rdp/2019/2019-06/full.html
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Start Spreading the News: News Sentiment and Economic Activity in Australia

23 Dec 2020 RDP 2020-08
Kim Nguyen and Gianni La Cava
The NSI complements other high-frequency economic indicators in its ability to ‘nowcast’ the economy. ... how this might affect beliefs amongst consumers about the outlook for the economy.
https://www.rba.gov.au/publications/rdp/2020/2020-08/full.html
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References

1 Dec 1992 RDP 9215
Jerome Fahrer and Alexandra Heath
Chapman, Bruce (1990), “The Labour Market”, in S.G. Grenville (ed.), The Australian Macro-Economy in the 1980s, Reserve Bank of Australia. ... Hall, Robert E. (1991b), Booms and Recessions in a Noisy Economy, (Yale University Press, New Haven).
https://www.rba.gov.au/publications/rdp/1992/9215/references.html
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Introduction

1 Mar 1991 RDP 9102
Malcolm Edey and Jill Pleban
Download the Paper 384. KB. An important problem in monitoring and forecasting the real economy is the lag in availability of relevant data. ... For example, the national accounts, which in principle summarise much of the information of importance on the
https://www.rba.gov.au/publications/rdp/1991/9102/introduction.html
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References

10 Jul 2019 RDP 2019-05
Trent Saunders and Peter Tulip
Alfaro R and M Drehmann (2009), ‘Macro Stress Tests and Crises: What Can We Learn?’, BIS Quarterly Review, December, pp 29–41. ... Jacobs D and V Rayner (2012), ‘The Role of Credit Supply in the Australian Economy’, RBA Research Discussion
https://www.rba.gov.au/publications/rdp/2019/2019-05/references.html
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Conclusion

1 Nov 1996 RDP 9608
Alison Tarditi
Interest rates and exchange rates now form part of the transmission mechanism by which policy changes feed through to the broader economy. ... But the textbook-style results produced by these macro models have limited relevance for practical policymaking.
https://www.rba.gov.au/publications/rdp/1996/9608/conclusion.html
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Evidence on VAR Forecasting

1 Jan 1988 RDP 8802
Robert G. Trevor and Susan J. Thorp
RDP 8802: Var Forecasting Models of the Australian Economy: A Preliminary Analysis 2. ... Large VAR models also tend to encounter degrees of freedom problems on typical macro-economic data sets.
https://www.rba.gov.au/publications/rdp/1988/8802/evidence-on-var-forecasting.html
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Econometric Perspectives on Economic Measurement

1 Jul 2018 RDP 2018-08
Adam Gorajek
Macro researchers could use the new framework to appreciate the many compromises built into macro data. ... The macro viewpoint of Keynes and Fisher is deliberately unequal in its emphasis though.
https://www.rba.gov.au/publications/rdp/2018/2018-08/full.html
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Appendix C: More Regressions

31 Dec 2015 RDP 2015-06
David Rodgers
Economy-wide variables such as GDP growth, changes in the unemployment rate and inflation are insignificant if added to Model C, even if interacted with portfolio shares. ... Several key macro-level variables remain significant if the estimation sample
https://www.rba.gov.au/publications/rdp/2015/2015-06/appendix-c.html
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