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
Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
15 Feb 2024
RDP
2024-01
Research Discussion Paper – RDP 2024-01 Do Monetary Policy and Economic Conditions Impact Innovation? ... We also find that US monetary policy spills over and affects Australian firms' innovation.
https://www.rba.gov.au/publications/rdp/2024/2024-01.html
Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
15 Feb 2024
RDP
2024-01
Monetary policy can thus influence productivity and economic output in the medium term. ... That is, innovation activity and monetary policy are co-determined by other factors.
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
Results
15 Feb 2024
RDP
2024-01
RDP 2024-01: Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data 4. ... Given this, monetary policy appears to have meaningful effects on the share of firms innovating.
https://www.rba.gov.au/publications/rdp/2024/2024-01/results.html
Through Which Channels Does Monetary Policy Affect Innovation?
15 Feb 2024
RDP
2024-01
Through Which Channels Does Monetary Policy Affect Innovation? Omer Majeed, Jonathan Hambur and Robert Breunig. ... Changing aggregate demand in the economy is an important channel for monetary policy.
https://www.rba.gov.au/publications/rdp/2024/2024-01/through-which-channels-does-monetary-policy-affect-innovation.html
Non-technical summary for ‘Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data’
15 Feb 2024
RDP
2024-01
The opposite applies for expansionary monetary policy, which is associated with higher R&D spending. ... This suggests that monetary policy affects innovation in part by influencing firms' financing constraints.
https://www.rba.gov.au/publications/rdp/2024/2024-01/non-technical-summary.html
Appendix A: Data Description
15 Feb 2024
RDP
2024-01
RDP 2024-01: Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data Appendix A: Data Description. ... Figure A1: Monetary Policy Shock Measures. Quarterly average. Sources: Authors' calculations;
https://www.rba.gov.au/publications/rdp/2024/2024-01/appendix-a.html
Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
15 Feb 2024
RDP
2024-01
https://www.rba.gov.au/publications/rdp/2024/2024-01/sections.html
Data and Methodology
15 Feb 2024
RDP
2024-01
RDP 2024-01: Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data 3. ... That is, innovation activity and monetary policy are co-determined by other factors.
https://www.rba.gov.au/publications/rdp/2024/2024-01/data-and-methodology.html
Literature Review
15 Feb 2024
RDP
2024-01
For monetary policy, this assumption is reflected in the so called ‘neutrality’ of monetary policy. ... Monetary policy can thus influence productivity and economic output in the medium term.
https://www.rba.gov.au/publications/rdp/2024/2024-01/literature-review.html
Introduction
15 Feb 2024
RDP
2024-01
RDP 2024-01: Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data 1. ... Monetary policy tends to weigh on innovative activity by tightening credit constraints (the credit constraint channel),
https://www.rba.gov.au/publications/rdp/2024/2024-01/introduction.html