Search: monetary policy

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1–10 of 15 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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Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions

3 Jan 2023 RDP 2022-09
Matthew Read
the monetary policy reaction function, and the relationship between the monetary policy shock and a proxy for this shock. ... Some sets of identifying restrictions are not particularly informative about the effects of monetary policy.
https://www.rba.gov.au/publications/rdp/2022/2022-09.html

Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions

3 Jan 2023 RDP 2022-09
Matthew Read
These restrictions are consistent with monetary policy rules that are typically embedded in macroeconomic models. ... This suggests that the proxy and monetary policy shock are fairly weakly correlated.
https://www.rba.gov.au/publications/rdp/2022/2022-09/full.html

Conclusion

3 Jan 2023 RDP 2022-09
Matthew Read
RDP 2022-09: Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions 6. ... reaction function, and the relationship between a proxy for the monetary policy shock and the shock itself.
https://www.rba.gov.au/publications/rdp/2022/2022-09/conclusion.html

Appendix B: Data

3 Jan 2023 RDP 2022-09
Matthew Read
RDP 2022-09: Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions Appendix B: Data. ... Federal Reserve Bank of St. Louis, FRED database (identifier FEDFUNDS). Proxy for monetary policy shock.
https://www.rba.gov.au/publications/rdp/2022/2022-09/appendix-b.html

Framework

3 Jan 2023 RDP 2022-09
Matthew Read
RDP 2022-09: Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions 2. ... ϕ. ). The impulse responses to a monetary policy shock are obtained from the coefficients of the vector moving average
https://www.rba.gov.au/publications/rdp/2022/2022-09/framework.html

Read me file

3 Jan 2023 RDP 2022-09
Matthew Read
RDP 2022-09: Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions Read me file.
https://www.rba.gov.au/publications/rdp/2022/2022-09/read-me.html

Introduction

3 Jan 2023 RDP 2022-09
Matthew Read
Second, I consider imposing additional sign restrictions based on an existing ‘proxy’ for the monetary policy shock. ... More broadly, this paper complements previous attempts to estimate the effects of monetary policy in Australia.
https://www.rba.gov.au/publications/rdp/2022/2022-09/introduction.html

Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions

3 Jan 2023 RDP 2022-09
Matthew Read
Research Discussion Paper – RDP 2022-09 Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions.
https://www.rba.gov.au/publications/rdp/2022/2022-09/sections.html

Robustness Exercises

3 Jan 2023 RDP 2022-09
Matthew Read
it is more difficult to identify monetary policy shocks and their effects (e.g. ... Additionally, given this mandate, the response of unemployment to a monetary policy shock is of interest.
https://www.rba.gov.au/publications/rdp/2022/2022-09/robustness-exercises.html

The Effects of a 100 Basis Point Monetary Policy Shock

3 Jan 2023 RDP 2022-09
Matthew Read
RDP 2022-09: Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions 4. ... The horizon-h impulse response of variable i to a 100 basis point monetary policy shock is.
https://www.rba.gov.au/publications/rdp/2022/2022-09/the-effects-of-a-100-basis-point-monetary-policy-shock.html