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RBA Glossary definition for money market

money market – The market which deals in short-term discount securities such as Treasury notes, bank bills and promissory notes. Major participants in this market include the Reserve Bank of Australia, banks, superannuation funds, insurance companies, investment trusts, investment banks, building societies and large corporates.

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Short-term Interest Rates, Weekly Money Announcements and Rational Forecasts

1 May 1986 RDP 8602
Robert G. Trevor
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1986/8602.html

The Model

1 May 1986 RDP 8602
Robert G. Trevor
The expected change in the money supply is invariably measured by the median expected change from a sample survey conducted by Money Market Services Inc. ... Fortunately, the survey conducted by Money Market Services is defined to match the definitional
https://www.rba.gov.au/publications/rdp/1986/8602/model.html

Introduction

1 May 1986 RDP 8602
Robert G. Trevor
RDP 8602: Short-Term Interest Rates, Weekly Money Announcements and Rational Forecasts 1. ... Firstly, it has almost always been assumed that the survey data provided by Money Market Services Inc.
https://www.rba.gov.au/publications/rdp/1986/8602/introduction.html

Concluding Comments

1 May 1986 RDP 8602
Robert G. Trevor
RDP 8602: Short-Term Interest Rates, Weekly Money Announcements and Rational Forecasts 6. ... The measure of the expected change in the money supply provided by the median of Money Market Services' survey, is not found to be a rational expectation of the
https://www.rba.gov.au/publications/rdp/1986/8602/concluding-comments.html

References

1 May 1986 RDP 8602
Robert G. Trevor
Why Interest Rates React to Money Announcements: An Explanation from the Foreign Exchange Market. ... Market Response to Weekly Money Supply Announcements in the 1970's. Journal of Finance.
https://www.rba.gov.au/publications/rdp/1986/8602/references.html

The Forecasting Equations

1 May 1986 RDP 8602
Robert G. Trevor
RDP 8602: Short-Term Interest Rates, Weekly Money Announcements and Rational Forecasts 4. ... Download the Paper 1.2. MB. The Money Market Services survey was first published to coincide with the money announcement that was made on 29 September 1977.
https://www.rba.gov.au/publications/rdp/1986/8602/forecasting-equations.html

The Interest Rate Equations

1 May 1986 RDP 8602
Robert G. Trevor
RDP 8602: Short-Term Interest Rates, Weekly Money Announcements and Rational Forecasts 5. ... For the T-Bill equations, Model S rejects the hypothesis of market efficiency for three of the four estimation periods.
https://www.rba.gov.au/publications/rdp/1986/8602/interest-rate-equations.html