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.
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Identification and Inference under Narrative Restrictions
20 Oct 2023
RDP
PDF
1128KB
Under a richer set of restrictions, there is robustevidence that output falls following a positive monetary policy shock. ... 6. Frequentist Coverage 19. 7. Empirical Application: Dynamic Effects of US Monetary Policy 21.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-07.pdf
Non-technical summary for 'Identification and Inference under Narrative Restrictions'
19 Oct 2023
RDP
PDF
106KB
RDP 2023-07 non-technical summary
https://www.rba.gov.au/publications/rdp/2023/2023-07/rdp-2023-07-non-technical-summary.pdf
Macrofinancial Stress Testing on Australian Banks
13 Sep 2023
RDP
PDF
1940KB
banking system. Our approach draws on many of the characteristics that the International Monetary. ... from policy responses that mitigate stress (such as the monetary easing that would likely occur.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-03.pdf
Firms' Price-setting Behaviour: Insights from Earnings Calls
11 Sep 2023
RDP
2023-06
This is done using two techniques. The first is a simple dictionary-based approach with each word coming from new dictionaries developed in consultation with policy experts from the Reserve Bank ... called ‘communication channel’ of monetary policy.
https://www.rba.gov.au/publications/rdp/2023/2023-06/full.html
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Channels of Monetary Policy to Bank Profitability
21 Jun 2023
RDP
2023-05
Channels of Monetary Policy to Bank Profitability. Callan Windsor, Terhi Jokipii and Matthieu Bussiere. ... For example, the ECB introduced tiering in September 2019 to support the bank-based transmission of monetary policy.
https://www.rba.gov.au/publications/rdp/2023/2023-05/channels-of-monetary-policy-to-bank-profitability.html
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Non-technical summary for 'The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country…
16 Jun 2023
RDP
PDF
188KB
RDP 2023-05 non-technical summary
https://www.rba.gov.au/publications/rdp/2023/2023-05/rdp-2023-05-non-technical-summary.pdf
Read me file for The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
16 Jun 2023
RDP
PDF
98KB
RDP 2023-05 supplementary information
https://www.rba.gov.au/publications/rdp/2023/2023-05/rdp-2023-05-read-me.pdf
The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
8 Jun 2023
RDP
PDF
1310KB
Keywords: interest rates, bank profitability, net interest margin, monetary policy. Table of Contents. ... in the policy rate then this could impair the transmission of monetary policy.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-05.pdf
Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
12 May 2023
RDP
2023-04
interest rates, monetary policy, COVID-19. Understanding the effects of monetary policy and its communication is crucial for a central bank. ... of monetary policy, specifically: current policy action; signalling or forward guidance about future rates;
https://www.rba.gov.au/publications/rdp/2023/2023-04.html
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Read me file for Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
3 May 2023
RDP
PDF
247KB
RDP 2023-04 supplementary information
https://www.rba.gov.au/publications/rdp/2023/2023-04/rdp-2023-04-read-me.pdf