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RBA Glossary definition for MARTIN

MARTIN – the RBA's macro econometric model

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Appendix A: Pass-through Lower Bound in BA-MARTIN

21 Dec 2022 RDP 2022-08
Anthony Brassil
lending rate pass-through lower bound with the baseline BA-MARTIN calibration remains above zero in a low-for-long scenario. ... λ. parameter in BA-MARTIN) if lending rates remaining constant following the cash rate reduction was the optimal response:.
https://www.rba.gov.au/publications/rdp/2022/2022-08/appendix-a.html

The Consequences of Low Interest Rates for the Australian Banking Sector

21 Dec 2022 RDP 2022-08
Anthony Brassil
During banking crises, the banks in BA-MARTIN lose access to external equity markets. ... So BA-MARTIN has the same fundamental mechanism as in Brunnermeier and Koby (2018)'s model.
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html

Investigating the ‘Reversal Rate’ in Australia

21 Dec 2022 RDP 2022-08
Anthony Brassil
During banking crises, the banks in BA-MARTIN lose access to external equity markets. ... BA-MARTIN is an aggregate model that does not account for heterogeneity among the banks.
https://www.rba.gov.au/publications/rdp/2022/2022-08/investigating-the-reversal-rate-in-australia.html

Introduction

21 Dec 2022 RDP 2022-08
Anthony Brassil
With the new banking sector addition to MARTIN (Brassil et al 2022) – henceforth, BA-MARTIN – it is possible to investigate whether a reversal rate can exist in Australia, and if it ... BA-MARTIN is more detailed than the highly stylised model of
https://www.rba.gov.au/publications/rdp/2022/2022-08/introduction.html

The Consequences of Low Interest Rates for the Australian Banking Sector

21 Dec 2022 RDP 2022-08
Anthony Brassil
Research Discussion Paper – RDP 2022-08 The Consequences of Low Interest Rates for the Australian Banking Sector. Anthony Brassil. December 2022. 1.6. MB. This paper is an updated version of a paper that was commissioned for the RBA’s 2022
https://www.rba.gov.au/publications/rdp/2022/2022-08/sections.html

References

21 Dec 2022 RDP 2022-08
Anthony Brassil
Brassil A, M Major and P Rickards (2022), ‘MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model’, RBA Research Discussion Paper No 2022-01.
https://www.rba.gov.au/publications/rdp/2022/2022-08/references.html

Non-technical summary for ‘The Rise in Household Liquidity’

21 Dec 2022 RDP 2022-08
Anthony Brassil
References. Brassil A, M Major and P Rickards (2022), ‘MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model’, RBA Research Discussion Paper No 2022-01.
https://www.rba.gov.au/publications/rdp/2022/2022-08/non-technical-summary.html

Conclusions, Policy Implications and Future Research

21 Dec 2022 RDP 2022-08
Anthony Brassil
policy. Future research could use BA-MARTIN to explore how different CCyB calibrations could change how the Australian banking sector, and therefore the economy, weather large downturns. ... Given that BA-MARTIN is a large macro model, this research
https://www.rba.gov.au/publications/rdp/2022/2022-08/conclusions-policy-implications-and-future-research.html

The Pass-through of Monetary Policy at Low Interest Rates

21 Dec 2022 RDP 2022-08
Anthony Brassil
Brassil et al (2022) incorporate all three of these channels into BA-MARTIN, and are therefore able to capture the effect each of these channels has on the pass-through of
https://www.rba.gov.au/publications/rdp/2022/2022-08/the-pass-through-of-monetary-policy-at-low-interest-rates.html