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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Research Discussion Papers – 2024
1 Jan 2024
RDP
Research Discussion Papers – 2024. We publish the results of longer-term research conducted by our staff in Research Discussion Papers (RDPs), which stimulate discussion and comment on policy-relevant issues. ... RDP 2024-01 Do Monetary Policy and
https://www.rba.gov.au/publications/rdp/2024/
Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
22 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? ... References. Beckers B (2020), ‘Credit Spreads, Monetary Policy and the Price Puzzle’, RBA Research Discussion Paper No 2020-01.
https://www.rba.gov.au/publications/rdp/2023/2023-09/read-me.html
Data
19 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? ... Our analysis is restricted to the non-primary non-financial private sector. The primary sector (agriculture and mining) is excluded as we expect that commodity
https://www.rba.gov.au/publications/rdp/2023/2023-09/data.html
Introduction
19 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? ... This can make it hard to identify the effect of monetary policy on investment using aggregate data.
https://www.rba.gov.au/publications/rdp/2023/2023-09/introduction.html
Appendix B: Aggregate Data Results
19 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? ... Sources: Authors' calculations; Morningstar. Figure B3: Deflator Response to 100 Basis Point Monetary Policy Shock.
https://www.rba.gov.au/publications/rdp/2023/2023-09/appendix-b.html
Appendix C: Additional Microdata Results
19 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? ... IV approach, full sample. Notes: Monetary policy shock is instrumented via cash rate.
https://www.rba.gov.au/publications/rdp/2023/2023-09/appendix-c.html
Conclusion
19 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? ... helps us to understand how the effects of monetary policy could change over time.
https://www.rba.gov.au/publications/rdp/2023/2023-09/conclusion.html
References
19 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? ... Beckers B (2020), ‘Credit Spreads, Monetary Policy and the Price Puzzle’, RBA Research Discussion Paper No 2020-01.
https://www.rba.gov.au/publications/rdp/2023/2023-09/references.html
Methodology
19 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? ... We employ a local projections approach (Jordà 2005) of the following form to trace out the effect of monetary policy shocks (shock.
https://www.rba.gov.au/publications/rdp/2023/2023-09/methodology.html
Non-technical summary for ‘Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE’
19 Dec 2023
RDP
2023-09
RDP 2023-09: Does Monetary Policy Affect Non-mining Business Investment in Australia? ... We find that monetary policy affects investment in line with the predictions of economic theory.
https://www.rba.gov.au/publications/rdp/2023/2023-09/non-technical-summary.html