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1–9 of 9 collapsed search results for monetary policy

RBA Glossary definition for monetary policy

monetary policy – monetary policy involves using interest rates to influence aggregate demand, employment and inflation in the economy.

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The Lags of Monetary Policy

1 Apr 1997 RDP 9702
David Gruen, John Romalis and Naveen Chandra
RDP 9702: The Implementation of Monetary Policy in Australia 2. The Lags of Monetary Policy. ... These transmission channels to the wider economy also contribute to the aggregate lags of monetary policy.
https://www.rba.gov.au/publications/rdp/1997/9702/lags-monetary.html

The Lags of Monetary Policy

1 Apr 1997 RDP 9702
David Gruen, John Romalis and Naveen Chandra
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1997/9702.html

Taking Account of the Policy Response

1 Apr 1997 RDP 9702
David Gruen, John Romalis and Naveen Chandra
In setting monetary policy, policy-makers do not rely solely on data about the past, but base their decisions also on information about current and expected future developments in inflation and ... Secondly, a key focus of monetary policy is on
https://www.rba.gov.au/publications/rdp/1997/9702/taking-account-policy.html

The Lags of Monetary Policy

1 Apr 1997 RDP 9702
David Gruen, John Romalis and Naveen Chandra
Research Discussion Paper – RDP 9702 The Lags of Monetary Policy.
https://www.rba.gov.au/publications/rdp/1997/9702/

Introduction

1 Apr 1997 RDP 9702
David Gruen, John Romalis and Naveen Chandra
Another difficultly in isolating the dynamic impact of monetary policy on output arises from the forward-looking nature of policy. ... Finally, Section 3 discusses the policy implications of the relatively long and uncertain lags of monetary policy.
https://www.rba.gov.au/publications/rdp/1997/9702/introduction.html

Conclusions

1 Apr 1997 RDP 9702
David Gruen, John Romalis and Naveen Chandra
These results imply an average lag of about five or six quarters in monetary policy's effect on output growth. ... All these estimates are, however, subject to considerable uncertainty. Third, we look for evidence of changes in the lags of monetary
https://www.rba.gov.au/publications/rdp/1997/9702/conclusions.html

Appendix B: Estimating the Bias from Ordinary Least Squares | RDP 9702 The Lags of Monetary Policy

1 Apr 1997 RDP 9702
David Gruen, John Romalis and Naveen Chandra
RDP 9702: The Implementation of Monetary Policy in Australia Appendix B: Estimating the Bias from Ordinary Least Squares. ... and on the average lag of monetary policy shown in Figure 5 are generated using.
https://www.rba.gov.au/publications/rdp/1997/9702/appendix-b.html

References | RDP 9702 The Lags of Monetary Policy

1 Apr 1997 RDP 9702
David Gruen, John Romalis and Naveen Chandra
RDP 9702: The Implementation of Monetary Policy in Australia References. David Gruen, John Romalis, Naveen Chandra. ... 975–1009. Grenville, S. (1996), ‘Recent Developments in Monetary Policy: Australia and Abroad’, Australian Economic Review, 113(1
https://www.rba.gov.au/publications/rdp/1997/9702/references.html

Appendix A: Monte Carlo Procedure

1 Apr 1997 RDP 9702
David Gruen, John Romalis and Naveen Chandra
RDP 9702: The Implementation of Monetary Policy in Australia Appendix A: Monte Carlo Procedure. ... and on the year-ended growth rates,. The policy reaction function, rewritten for convenience, is.
https://www.rba.gov.au/publications/rdp/1997/9702/appendix-a.html