Search: 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
Credit Spreads, Monetary Policy and the Price Puzzle
28 Jan 2020
RDP
2020-01
Research Discussion Paper – RDP 2020-01 Credit Spreads, Monetary Policy and the Price Puzzle. ... debt, inflation, interest rates, monetary policy, money. Identifying the causal effect of monetary policy on inflation remains a challenge.
https://www.rba.gov.au/publications/rdp/2020/2020-01.html
Credit Spreads, Monetary Policy and the Price Puzzle
1 Jan 2020
RDP
2020-01
Research Discussion Paper – RDP 2020-01 Credit Spreads, Monetary Policy and the Price Puzzle. ... Figure 5: Monetary Policy Shocks and Expected Cash Rate Changes. 1994:Q1–2018:Q4.
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html
References
28 Jan 2020
RDP
2020-01
Berkelmans L (2005), ‘Credit and Monetary Policy: An Australian SVAR’, RBA Research Discussion Paper No 2005-06. ... RBA (2008d), Statement on Monetary Policy, November. RBA (2009), Statement on Monetary Policy, February.
https://www.rba.gov.au/publications/rdp/2020/2020-01/references.html
Conclusion
28 Jan 2020
RDP
2020-01
Download the Paper 460. KB. There is considerably uncertainty about the extent to which monetary policy affects economic activity and inflation. ... I show that it is therefore crucial to account for the response of monetary policy to credit market
https://www.rba.gov.au/publications/rdp/2020/2020-01/conclusion.html
The Effects of Monetary Policy Shocks on Inflation, Unemployment and Output
28 Jan 2020
RDP
2020-01
Here, the policy shock replaces the cash rate typically included to measure the stance of monetary policy. ... Figure 8: Unanticipated Monetary Policy Shocks. Note: Notes: See notes for Figure 6.
https://www.rba.gov.au/publications/rdp/2020/2020-01/the-effects-of-monetary-policy-shocks-on-inflation-unemployment-and-output.html
Appendix B: Derivation of Estimators
28 Jan 2020
RDP
2020-01
RDP 2020-01: Credit Spreads, Monetary Policy and the Price Puzzle Appendix B: Derivation of Estimators.
https://www.rba.gov.au/publications/rdp/2020/2020-01/appendix-b.html
Appendix D: Further Robustness Tests and Results
28 Jan 2020
RDP
2020-01
RDP 2020-01: Credit Spreads, Monetary Policy and the Price Puzzle Appendix D: Further Robustness Tests and Results. ... Here, impulse responses are obtained by estimating the effects of monetary policy directly as:.
https://www.rba.gov.au/publications/rdp/2020/2020-01/appendix-d.html
Appendix A: Literature Review
28 Jan 2020
RDP
2020-01
RDP 2020-01: Credit Spreads, Monetary Policy and the Price Puzzle Appendix A: Literature Review. ... This has raised the question whether identification of the effects of monetary policy in Australia has become more difficult since the advent of
https://www.rba.gov.au/publications/rdp/2020/2020-01/appendix-a.html
Credit Spreads, Monetary Policy and the Price Puzzle
1 Jan 2020
RDP
2020-01
Research Discussion Paper – RDP 2020-01 Credit Spreads, Monetary Policy and the Price Puzzle.
https://www.rba.gov.au/publications/rdp/2020/2020-01/sections.html
Non-technical summary for ‘Credit Spreads, Monetary Policy and the Price Puzzle’
1 Jan 2020
RDP
2020-01
Monetary policy works as expected and in line with the Bank’s and conventional macroeconomic thinking. ... Bishop J and P Tulip (2017), ‘Anticipatory Monetary Policy and the “Price Puzzle”’, RBA Research Discussion Paper No 2017-02.
https://www.rba.gov.au/publications/rdp/2020/2020-01/non-technical-summary.html