Search: monetary policy

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1–10 of 11 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.

Search Results

Monetary Policy, Asset-price Bubbles and the Zero Lower Bound

1 Jun 2005 RDP 2005-04
Tim Robinson and Andrew Stone
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2005/2005-04.html

Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound

1 Jun 2005 RDP 2005-04
Tim Robinson and Andrew Stone
Research Discussion Paper – RDP 2005-04 Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound.
https://www.rba.gov.au/publications/rdp/2005/2005-04/

Methodology

31 Dec 2005 RDP 2005-04
Tim Robinson and Andrew Stone
RDP 2005-04: Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound 2. ... neutral). As noted in Gruen et al (2003), the Ball-Svensson model ‘has the advantage of simplicity and intuitive appeal … It assumes, realistically, that monetary
https://www.rba.gov.au/publications/rdp/2005/2005-04/methodology.html

Results

31 Dec 2005 RDP 2005-04
Tim Robinson and Andrew Stone
RDP 2005-04: Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound 4. ... An interesting variant, suggested to us by Kenneth Kuttner, would be to allow for monetary policy to have a contemporaneous impact on asset prices (while continuing to
https://www.rba.gov.au/publications/rdp/2005/2005-04/results.html

Appendix B: The Phase Diagram for the Ball-Svensson Model Under Optimal Policy

31 Dec 2005 RDP 2005-04
Tim Robinson and Andrew Stone
RDP 2005-04: Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound Appendix B: The Phase Diagram for the Ball-Svensson Model Under Optimal Policy. ... T. and (q,1). T. respectively, allows the way in which optimal policy moves the economy around
https://www.rba.gov.au/publications/rdp/2005/2005-04/appendix-b.html

Appendix A: Recent Literature

31 Dec 2005 RDP 2005-04
Tim Robinson and Andrew Stone
RDP 2005-04: Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound Appendix A: Recent Literature. ... The first relates to the issue of how monetary policy should respond to asset-price bubbles.
https://www.rba.gov.au/publications/rdp/2005/2005-04/appendix-a.html

References

31 Dec 2005 RDP 2005-04
Tim Robinson and Andrew Stone
RDP 2005-04: Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound References. ... Ball L (1999a), ‘Efficient rules for monetary policy’,. International Finance. , 2(1), pp 63–83.
https://www.rba.gov.au/publications/rdp/2005/2005-04/references.html

Introduction

31 Dec 2005 RDP 2005-04
Tim Robinson and Andrew Stone
RDP 2005-04: Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound 1. ... both the process driving the bubble and its likely sensitivity to monetary policy.
https://www.rba.gov.au/publications/rdp/2005/2005-04/introduction.html

How Might the Zero Lower Bound Influence an Activist Policy-maker?

31 Dec 2005 RDP 2005-04
Tim Robinson and Andrew Stone
RDP 2005-04: Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound 3. ... Finally, in region III, monetary policy operating via interest rates alone is unable to prevent the economy entering a catastrophic deflationary spiral.
https://www.rba.gov.au/publications/rdp/2005/2005-04/how-mig-zer-low-bound.html

Appendix C: Modelling Issues

31 Dec 2005 RDP 2005-04
Tim Robinson and Andrew Stone
RDP 2005-04: Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound Appendix C: Modelling Issues. ... EViews (into which we explicitly incorporated the ZLB constraint on policy-makers' permissible range of interest rate recommendations).
https://www.rba.gov.au/publications/rdp/2005/2005-04/appendix-c.html