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RBA Glossary definition for HAC Rule

HAC Rule – Honour All Cards Rule

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Appendix

1 Feb 1991 RDP 9101
David W.R. Gruen
RDP 9101: The Effect of Steady Inflation on Interest Rates and the Real Exchange Rate in a World with Free Capital Flows Appendix. David W. R. Gruen. February 1991. Download the Paper 384. KB. There are two relevant justifications – the first
https://www.rba.gov.au/publications/rdp/1991/9101/appendix.html

Monetary Policy and Inflation Targeting

21 Jul 1997 Conference – 1997
The Reserve Bank of Australia 1997 conference is on the topic: ‘Monetary Policy and Inflation Targetinge’
https://www.rba.gov.au/publications/confs/1997/

Methodology

19 Dec 2023 RDP 2023-09
In particular, Beckers (2020) estimates an augmented Taylor rule that includes forecasts for economic conditions, as well as a number of indicators of financial conditions (e.g. ... bond spreads, option-implied volatility). The shocks are then
https://www.rba.gov.au/publications/rdp/2023/2023-09/methodology.html

Adoption of Emerging Digital General-purpose Technologies: Determinants and Effects

19 Dec 2023 RDP PDF 1692KB
Doing so does not. change the results. While we are confident that we have removed all false positives, we cannot rule out the possibility. ... does not change the results (Figure I1). 12 We can’t rule out the possibility that the nature of the early
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-10.pdf

Consumption Behavior across the Distribution of Liquid Assets

19 Dec 2023 Research Workshop PDF 2239KB
RBA Workshop 2023
https://www.rba.gov.au/publications/workshops/research/2023/pdf/rba-workshop-2023-graham-mcdowall.pdf

Existing Measures of Tradeable Capacity

1 May 1994 RDP 9401
Jacqueline Dwyer and Christine Groeger
From this review, two main approaches to the allocation of resources emerge: the “rule of thumb” approach and the propensities approach. ... The rule of thumb approach is, however, impressionistic. Without actual knowledge about the extent to which
https://www.rba.gov.au/publications/rdp/1994/9401/existing-measures-tradeable.html
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Endogenous Production Networks and Non-linear Monetary Transmission

19 Dec 2023 Research Workshop PDF 2202KB
RBA Workshop 2023
https://www.rba.gov.au/publications/workshops/research/2023/pdf/rba-workshop-2023-ghassibe.pdf

Data

21 Dec 2023 RDP 2023-10
Kim Nguyen and Jonathan Hambur
Doing so does not change the results. While we are confident that we have removed all false positives, we cannot rule out the possibility of false negatives where firms are using
https://www.rba.gov.au/publications/rdp/2023/2023-10/data.html
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Policy Issues

31 Dec 2006 RDP 2006-12
Luci Ellis
Old rules of thumb about individual mortgages have likewise been rendered obsolete.
https://www.rba.gov.au/publications/rdp/2006/2006-12/policy-issues.html

Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia

16 Mar 2023 RDP PDF 1288KB
reflect increasing use of intangible capital, which is often poorly measured, though we can’t rule out. ... by increased use of mis-measured intangible and digital capital, though we cannot rule out that this.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-03.pdf