Search: aggregate demand
RBA Glossary definition for aggregate demand
aggregate demand – Gross domestic product as measured by the sum of final expenditure on goods and services produced.
Search Results
Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
15 Feb 2024
RDP
2024-01
We find that contractionary (expansionary) monetary policy reduces (increases) aggregate research and development (R&D) spending, and that lower (higher) R&D spending reduces (increases) future productivity. ... These channels include affecting demand or
https://www.rba.gov.au/publications/rdp/2024/2024-01.html
Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
15 Feb 2024
RDP
2024-01
One is the demand channel: contractionary monetary policy may weaken aggregate demand and therefore lower the returns to innovation. ... Changing aggregate demand in the economy is an important channel for monetary policy.
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
Results
15 Feb 2024
RDP
2024-01
100 basis point contractionary shock. Notes: Results from local projection model of aggregate innovation metrics on monetary policy shock. ... factors such as aggregate demand.
https://www.rba.gov.au/publications/rdp/2024/2024-01/results.html
Introduction
15 Feb 2024
RDP
2024-01
The channels we explore include: weaker demand, which lowers incentives to innovate; and tighter credit conditions, which make it harder to finance investment and innovation. ... We then consider the aggregate effect of changes in R&D spending on
https://www.rba.gov.au/publications/rdp/2024/2024-01/introduction.html
Literature Review
15 Feb 2024
RDP
2024-01
They find that R&D and patenting are more responsive to monetary policy shocks in cyclical industries, suggesting monetary policy affects innovation by influencing demand conditions – the demand channel. ... Footnote. In a related literature,
https://www.rba.gov.au/publications/rdp/2024/2024-01/literature-review.html
Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
15 Feb 2024
RDP
2024-01
patent-party-activity. trade-mark-application. trade-mark-party-activity. Local projections.do: local projections for aggregate metrics – Figure 1. ... 02 Baseline regs.do: baseline regressions and robustness. 03 demand channel.do: regressions by
https://www.rba.gov.au/publications/rdp/2024/2024-01/read-me.html
Through Which Channels Does Monetary Policy Affect Innovation?
15 Feb 2024
RDP
2024-01
One is the demand channel: contractionary monetary policy may weaken aggregate demand and therefore lower the returns to innovation. ... Changing aggregate demand in the economy is an important channel for monetary policy.
https://www.rba.gov.au/publications/rdp/2024/2024-01/through-which-channels-does-monetary-policy-affect-innovation.html