Search: monetary policy

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1–10 of 13 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

An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help?

1 Sep 1998 RDP 9812
Jeffrey C. Fuhrer
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1998/9812.html

Monetary Policy Implications of the Model

1 Sep 1998 RDP 9812
Jeffrey C. Fuhrer
RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help? ... 5. Monetary Policy Implications of the Model. Jeffrey C. Fuhrer. September 1998.
https://www.rba.gov.au/publications/rdp/1998/1998-12/monetary-policy-implications-of-the-model.html

An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help?

1 Sep 1998 RDP 9812
Jeffrey C. Fuhrer
https://www.rba.gov.au/publications/rdp/1998/1998-12/

References

1 Sep 1998 RDP 9812
Jeffrey C. Fuhrer
RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help? ... Leeper, E., Sims, C. and Zha, T. (1996), ‘What Does Monetary Policy Do?’, Brookings Papers on Economic Activity, 2, pp.
https://www.rba.gov.au/publications/rdp/1998/1998-12/references.html

Introduction

1 Sep 1998 RDP 9812
Jeffrey C. Fuhrer
RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help? ... First, analysing the potential improvements to monetary policy relative to historical policies requires a model that is stable across alternative policy regimes.
https://www.rba.gov.au/publications/rdp/1998/1998-12/introduction.html

Conclusions

1 Sep 1998 RDP 9812
Jeffrey C. Fuhrer
RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help? ... Download the Paper 395. KB. A model to be used for monetary policy analysis should be closely related to the underlying objectives of consumers and firms, should
https://www.rba.gov.au/publications/rdp/1998/1998-12/conclusions.html

Empirical Results

1 Sep 1998 RDP 9812
Jeffrey C. Fuhrer
RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help? ... As I argue above, obtaining sensible parameter estimates is a necessary but not a sufficient condition for obtaining a reliable model for monetary policy analysis.
https://www.rba.gov.au/publications/rdp/1998/1998-12/empirical-results.html

Welfare Considerations

1 Sep 1998 RDP 9812
Jeffrey C. Fuhrer
RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help? ... Download the Paper 395. KB. Having identified the utility parameters in this simple monetary policy model, it is tempting to use the model to compute the welfare
https://www.rba.gov.au/publications/rdp/1998/1998-12/welfare-considerations.html

Appendix A: First-order Conditions for the Nonlinear Model

1 Sep 1998 RDP 9812
Jeffrey C. Fuhrer
RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help?
https://www.rba.gov.au/publications/rdp/1998/1998-12/appendix-a.html

Appendix B: Deriving an Approximate Linear Consumption Function

1 Sep 1998 RDP 9812
Jeffrey C. Fuhrer
RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help?
https://www.rba.gov.au/publications/rdp/1998/1998-12/appendix-b.html