Search: monetary policy

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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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Operating Objectives for Monetary Policy

1 Nov 1990 RDP 9007
Malcolm L. Edey
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1990/9007.html

The Information Requirements of Monetary Policy

1 Nov 1990 RDP 9007
Malcolm L. Edey
RDP 9007: Operating Objectives for Monetary Policy 4. The Information Requirements of Monetary Policy. ... In the short run, however, such a rule introduces the equivalent of a stochastic shock to monetary policy, associated with measurement error of the
https://www.rba.gov.au/publications/rdp/1990/9007/information-requirements-of-monetary-policy.html

Operating Objectives for Monetary Policy

1 Nov 1990 RDP 9007
Malcolm L. Edey
Research Discussion Paper – RDP 9007 Operating Objectives for Monetary Policy.
https://www.rba.gov.au/publications/rdp/1990/9007/

Introduction

1 Nov 1990 RDP 9007
Malcolm L. Edey
Although this formulation is somewhat imprecise, Freedman (1989) has suggested that, for countries with floating exchange rates, this would become the dominant model for thinking about monetary policy in the 1990s. ... short-run stabilisation properties
https://www.rba.gov.au/publications/rdp/1990/9007/introduction.html

References

1 Nov 1990 RDP 9007
Malcolm L. Edey
Friedman, B.M. (1989b), “Monetary Policy Without Quantity Variables”, American Economic Review, May. ... Goodhart, C.A.E. (1989), “The Conduct of Monetary Policy”, Economic Journal, 99:293–346.
https://www.rba.gov.au/publications/rdp/1990/9007/references.html

Conclusions

1 Nov 1990 RDP 9007
Malcolm L. Edey
RDP 9007: Operating Objectives for Monetary Policy 5. Conclusions. Malcolm L. ... It is possible to develop a coherent framework for monetary policy based on the short-term nominal interest rate as the policy instrument.
https://www.rba.gov.au/publications/rdp/1990/9007/conclusions.html

Appendix

1 Nov 1990 RDP 9007
Malcolm L. Edey
RDP 9007: Operating Objectives for Monetary Policy Appendix. Malcolm L. Edey. ... 1. or λ. 2. It should be noted, however, that there exist values of the policy parameter γ for which λ.
https://www.rba.gov.au/publications/rdp/1990/9007/appendix.html

The Need for a Nominal Anchor

1 Nov 1990 RDP 9007
Malcolm L. Edey
RDP 9007: Operating Objectives for Monetary Policy 2. The Need for a Nominal Anchor. ... To complete the model, assume that the nominal interest rate is determined by a policy rule of the form.
https://www.rba.gov.au/publications/rdp/1990/9007/need-for-a-nominal-anchor.html

Short-run Stabilisation Properties of Alternative Rules

1 Nov 1990 RDP 9007
Malcolm L. Edey
RDP 9007: Operating Objectives for Monetary Policy 3. Short-run Stabilisation Properties of Alternative Rules. ... as well as inducing reallocation of resources between the traded and non-traded goods sectors; and changes to monetary policy, operating
https://www.rba.gov.au/publications/rdp/1990/9007/short-run-stabilisation-properties-of-alternative-rules.html