Search: SOEs
RBA Glossary definition for SOEs
SOEs – state owned enterprises
Search Results
Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
15 Feb 2024
RDP
2024-01
For monetary policy, this assumption is reflected in the so called ‘neutrality’ of monetary policy. ... The ABS do not provide the sample weights so we use unweighted data.
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
Conclusion
15 Feb 2024
RDP
2024-01
SMEs are less likely to innovate and adopt after a contractionary monetary policy shock, but large firms are more likely to do so. ... As such, monetary policy appears to affect innovation by affecting demand in the economy – so via the demand channel
https://www.rba.gov.au/publications/rdp/2024/2024-01/conclusion.html
Literature Review
15 Feb 2024
RDP
2024-01
For monetary policy, this assumption is reflected in the so called ‘neutrality’ of monetary policy.
https://www.rba.gov.au/publications/rdp/2024/2024-01/literature-review.html
Data and Methodology
15 Feb 2024
RDP
2024-01
The ABS do not provide the sample weights so we use unweighted data. ... We adopt this measure as our preferred shock measure because previous research found that it is able to overcome the so-called price puzzle in Australian data: that contractionary
https://www.rba.gov.au/publications/rdp/2024/2024-01/data-and-methodology.html
Macroeconomic Effects on Productivity
15 Feb 2024
RDP
2024-01
This could potentially reflect the fact that Australia imports innovation, and so while adoption of technologies declines the actual stock of global knowledge is unaffected, allowing firms to catch up more
https://www.rba.gov.au/publications/rdp/2024/2024-01/macroeconomic-effects-on-productivity.html
Copyright and Disclaimer Notice
15 Feb 2024
RDP
2024-01
2018, source data are de-identified and so data about specific individuals has not been viewed in conducting this analysis.
https://www.rba.gov.au/publications/rdp/2024/2024-01/copyright-and-disclaimer-notice.html
Through Which Channels Does Monetary Policy Affect Innovation?
15 Feb 2024
RDP
2024-01
So a 100 basis point shock (which is very large historically) would cause the share of SMEs noting that a lack of funds are hampering innovation to increase by around 15
https://www.rba.gov.au/publications/rdp/2024/2024-01/through-which-channels-does-monetary-policy-affect-innovation.html