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

The Household Cash Flow Channel of Monetary Policy

16 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
Research Discussion Paper – RDP 2016-12 The Household Cash Flow Channel of Monetary Policy. ... MB. consumption, debt, households, housing, income and wealth, monetary policy. We explore whether changes in interest rates affect household consumption by
https://www.rba.gov.au/publications/rdp/2016/2016-12.html

Data

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
Saying that, the HILDA Survey data are only available at an annual frequency, which hinders our ability to identify the effect of monetary policy changes, which are likely to occur on ... However, these cross-sectional differences are largely constant
https://www.rba.gov.au/publications/rdp/2016/2016-12/data.html

Conclusion

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
level. Importantly, changes in monetary policy have distributional effects that do not ‘wash out’ in the aggregate because of differences between borrowers and lenders in propensities to consume and in average ... Overall, our results suggest that
https://www.rba.gov.au/publications/rdp/2016/2016-12/conclusion.html

The Household Cash Flow Channel of Monetary Policy

1 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
Research Discussion Paper – RDP 2016-12 The Household Cash Flow Channel of Monetary Policy.
https://www.rba.gov.au/publications/rdp/2016/2016-12/sections.html

The Household Cash Flow Channel of Monetary Policy

1 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
Research Discussion Paper – RDP 2016-12 The Household Cash Flow Channel of Monetary Policy. ... Arguably, the results are potentially driven by the other channels of monetary policy.
https://www.rba.gov.au/publications/rdp/2016/2016-12/full.html

Introduction

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
This paper explores whether a household cash flow channel of monetary policy exists in Australia. ... Arguably, the results are potentially driven by the other channels of monetary policy.
https://www.rba.gov.au/publications/rdp/2016/2016-12/introduction.html

References

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
Monetary Policy and Inequality in the U.S.’, NBER Working Paper No 18170. ... Sterk V and S Tenreyro (2016), ‘The Transmission of Monetary Policy through Redistributions and Durable Purchases’, Council on Economic Policies CEP Working Paper 2016/1.
https://www.rba.gov.au/publications/rdp/2016/2016-12/references.html

Appendix A: Full Regression Output

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
RDP 2016-12: The Household Cash Flow Channel of Monetary Policy Appendix A: Full Regression Output.
https://www.rba.gov.au/publications/rdp/2016/2016-12/appendix-a.html

Stylised Facts

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
With the onset of the crisis, monetary policy was eased and interest rates fell sharply, directly contributing to a decline in interest payments and, to a lesser extent, interest receipts (as ... This cyclical variation in interest rates, cash flows and
https://www.rba.gov.au/publications/rdp/2016/2016-12/stylised-facts.html

Copyright and Disclaimer Notices

23 Dec 2016 RDP 2016-12
Gianni La Cava, Helen Hughson and Greg Kaplan
RDP 2016-12: The Household Cash Flow Channel of Monetary Policy Copyright and Disclaimer Notices.
https://www.rba.gov.au/publications/rdp/2016/2016-12/copyright-and-disclaimer-notices.html