Search: monetary aggregates
RBA Glossary definition for monetary aggregates
monetary aggregates – A series of measures of the values of currency on issue, current deposits with banks, other deposits with banks, plus borrowings from the private sector by non-bank financial institutions (NBFIs) less currency and bank deposits by NBFIs. Components consist of: 'M1' defined as currency plus bank current deposits from the private non-bank sector; 'M3' defined as M1 plus all other authorised deposit-taking institution (ADI) deposits from the private non-ADI sector, plus certificates of deposit issued by banks, less ADI deposits held with one another; 'Broad money' defined as M3 plus other short-term liquid AFI liabilities held by the private sector, except those held by other AFIs ; 'Money base' defined as holdings of banknotes and coins by the private sector plus deposits of banks with the Reserve Bank of Australia (RBA) and other RBA liabilities to the private non-bank sector
Search Results
The Role of Superannuation in the Financial Sector and in Aggregate Saving: A Review of Recent Trends
1 Dec 1991
RDP
9112
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1991/9112.html
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Direct Effects of Money on Aggregate Demand: Another Look at the Evidence
30 Aug 2010
RDP
2010-05
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2010/2010-05.html
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Appendix A: RBA Aggregate Wage Phillips Curve Specification, Coefficients and Implied Slope
1 Aug 2021
RDP
2021-09
RDP 2021-09: Is the Phillips Curve Still a Curve? Evidence from the Regions Appendix A: RBA Aggregate Wage Phillips Curve Specification, Coefficients and Implied Slope.
https://www.rba.gov.au/publications/rdp/2021/2021-09/appendix-a.html
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Introduction for RDP 18 revised: Private Sector Wealth: Quarterly Estimates for Use in an Aggregate Model
1 Aug 1976
RDP
18
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1976/18rev.html
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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
7 Jan 2024
RDP
PDF
1715KB
However, when using. the aggregate investment deflator we find little evidence that contractionary monetary policy shocks. ... GDP and CPI growth but have no firm-level controls. Using the aggregate data, the magnitude and timing of the effects of
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-09.pdf
China's Evolving Monetary Policy Framework in International Context
9 Dec 2019
RDP
2019-11
Research Discussion Paper – RDP 2019-11 China's Evolving Monetary Policy Framework in International Context. ... arrangements. Fourth, our empirical analysis of monetary policy transmission points to both similarities and differences: while policy
https://www.rba.gov.au/publications/rdp/2019/2019-11.html
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Monetary Policy
1 Nov 1984
RDP
8402
CAGAN, P. “The Choice Among Monetary Aggregates as Targets and Guides for Monetary Policy”. ... 44, 1976, pp.979–999. OFFENBACHER, E.K. “Economic Monetary Aggregates, Comment”. Journal Econometrics. ,
https://www.rba.gov.au/publications/rdp/1984/8402/monetary-policy.html
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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
13 Feb 2024
RDP
PDF
1260KB
US innovative activity. We find that contractionary (expansionary) monetary policy shocks reduce (increase) aggregate R&D. ... One is the. demand channel: contractionary monetary policy may weaken aggregate demand and therefore.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf
Aggregate Implications
22 Mar 2023
RDP
2023-03
allow us to understand how aggregate productivity would have evolved had reallocation not slowed. ... larger, aggregate MFP and output growth would have been moderately stronger in each year since 2008.
https://www.rba.gov.au/publications/rdp/2023/2023-03/aggregate-implications.html
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New Classical Models and unobserved aggregates
19 Nov 2012
RDP
PDF
912KB
monetary aggregates. Both the measured monetary aggregate and the monetary. base are assumed to be observable (published) variables. ... This would suggest that one should describe the monetary "state" of the economy as being determined by some
https://www.rba.gov.au/publications/rdp/1986/pdf/rdp8601.pdf