Search: weighted average issue yield
RBA Glossary definition for weighted average issue yield
weighted average issue yield – The weighted average of successful yields at auction of Australian Government Securities. Yields are weighted by the share of the total amount sold that is allocated to each successful bidder.
RBA Glossary definition for yield
yield – The expected rate of return expressed as a percentage of the net outlay or net proceeds of an investment, not of its face value.
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Financial Conditions and Downside Risk to Economic Activity in Australia
23 Mar 2021
RDP
2021-03
But for central banks with a financial stability mandate, the issue is crucial. ... FCIs are constructed as a weighted average of a broad range of indicators, including asset prices, credit, money, interest rates and the exchange rate.
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China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
A lack of credibility was shown to lead to higher average inflation with no offsetting benefits in terms of greater output or employment. ... Medium term (‘on average, over time’). RBNZ. Dual. Price stability Maximum sustainable employment.
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How Risky is Australian Household Debt?
25 Aug 2020
RDP
2020-05
Highly indebted households tend to be well educated, thereby reducing their risk of experiencing unemployment, and have significantly higher-than-average income. ... They also seem to have only modest wealth as they tend to be younger-than-average, with
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Monetary Policy, Equity Markets and the Information Effect
23 Mar 2021
RDP
2021-04
To overcome this issue I use high-frequency financial data of Australia's overnight index swap (OIS) market, which measures expectations of the cash rate. ... They only show that on average over the sample, economic news (defined as GDP, CPI inflation
https://www.rba.gov.au/publications/rdp/2021/2021-04/full.html
A Model of the Australian Housing Market
1 Mar 2019
RDP
2019-01
Notes: Partial equilibrium responses. (a) Weighted by shares in national accounts dwelling investment. ... A user cost (or rental yield) of 6 per cent is the approximate average over Gitelman and Otto's sample.
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Start Spreading the News: News Sentiment and Economic Activity in Australia
23 Dec 2020
RDP
2020-08
Three-month moving average. Note: (a) Measured by Beckers (2020). Sources: Authors' calculations; Beckers (2020); Dow Jones Factiva. ... The individual words are not weighted by the degree of positivity or negativity.
https://www.rba.gov.au/publications/rdp/2020/2020-08/full.html
Is the Phillips Curve Still a Curve? Evidence from the Regions
31 Aug 2021
RDP
2021-09
In particular, Phillips curve identification can be complicated due to three main endogeneity issues:. ... The central bank's reaction to cost-push shocks exacerbates this identification issue.
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Why Do Companies Hold Cash?
1 May 2016
RDP
2016-03
Figure 1: Non-financial Corporate Cash. Share of total assets, 1990–2014 average. ... Small companies tend to hold relatively more cash than large companies, on average.
https://www.rba.gov.au/publications/rdp/2016/2016-03/full.html
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Is Declining Union Membership Contributing to Low Wages Growth?
1 Apr 2019
RDP
2019-02
awards). (a) Change from 2004 to 2014. (b) Union membership estimated as an employee-weighted average across OECD countries with available data. ... In that case, it may seem that weighting should yield the weighted-average effect of union involvement
https://www.rba.gov.au/publications/rdp/2019/2019-02/full.html
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Explaining Monetary Spillovers: The Matrix Reloaded
1 Apr 2019
RDP
2019-03
This is because yields at the longer end of the yield curve are more susceptible to risk premium fluctuations than yields at the shorter end. ... We measure this shock as the change in the 10-year government bond yield that is orthogonal to the change in
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