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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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Research Discussion Papers – 1979
31 Dec 1979
RDP
Research Discussion Papers contain the results of economic research within the Reserve Bank. They are issued throughout the year.
https://www.rba.gov.au/publications/rdp/1979/
Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia
22 Mar 2023
RDP
2023-03
And finally, simple tests suggest that the slowdown does not reflect increasing use of intangible capital, which is often poorly measured, though we can't rule out the possibility that this ... This provides some evidence that the results are not driven
https://www.rba.gov.au/publications/rdp/2023/2023-03/full.html
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Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
Source: RBA calculations, based on data from Roy Morgan Research. The Reserve Bank's rules on surcharging allow businesses to recover the cost of accepting different card payments but prevent them ... Changes to the surcharging rules took effect for
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
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Robustness Exercises
3 Jan 2023
RDP
2022-09
5.1 Model in first differences. Typical monetary policy rules embedded in macroeconomic models assume that the central bank responds to inflation and some measure of economic activity, such as the
https://www.rba.gov.au/publications/rdp/2022/2022-09/robustness-exercises.html
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The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions
11 Oct 2022
RDP
2022-04
not always rule out the possibility that a variable does not react contemporaneously to its own shock.
https://www.rba.gov.au/publications/rdp/2022/2022-04.html
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A Markov-switching Model of Inflation in Australia
1 Dec 1996
RDP
9611
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1996/9611.html
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Model Responses
8 Oct 2019
RDP
2019-01
It also applies to larger and more sustained shocks. As a rule of thumb, every 1 per cent increase in the number of dwellings (when driven by an increase in supply)
https://www.rba.gov.au/publications/rdp/2019/2019-01/model-responses.html
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Inflation Targeting and Exchange Rate Fluctuations in Australia
1 Dec 2009
RDP
PDF
492KB
4. Empirical Results of Stochastic Simulations 204.1 Properties of Efficient Rules Based on Aggregate Inflation 214.2 Different Measures of Inflation in the Policy Rule 294.3 Comparing Feasible Frontiers ... 2.2 Monetary Policy Rules. In this paper we
https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-06.pdf
Operating Objectives for Monetary Policy
1 Nov 1990
RDP
9007
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1990/9007.html
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Monetary Policy, Equity Markets and the Information Effect
24 Oct 2021
RDP
PDF
1573KB
than the rule. For most monetary policy communication, at least in equity markets, the information. ... monetary policy tightening as contractionary for economic activity. 6. Policy Rule Changes or Deviations?
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-04.pdf