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RBA Glossary definition for aggregate supply

aggregate supply – Gross domestic product as measured by the value of goods and services produced.

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Other Mortgage Market Outcomes

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
APRA (2019b) also concludes that, for the investor policy, the aggregate trend in housing credit growth remained broadly unchanged. ... and Norman (2020) that, in aggregate, housing prices do not have a positive effect on household debt.
https://www.rba.gov.au/publications/rdp/2021/2021-07/other-mortgage-market-outcomes.html

Non-technical summary for ‘Macroprudential Limits on Mortgage Products: The Australian Experience’

26 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
As seen in Figures 1 and 2 below, both policies quickly reduced aggregate growth in the types of lending that APRA was targeting. ... While the policies did not slow aggregate mortgage growth, they slowed growth in the targeted mortgage types.
https://www.rba.gov.au/publications/rdp/2021/2021-07/non-technical-summary.html

Macroprudential Limits on Mortgage Products: The Australian Experience

26 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
However, aggregate policy effects are less clear with this specification, hence the use of 2 separate strategies. ... affected. Figure 3: Counterfactual Aggregate Lending. Actuals solid, counterfactuals dashed. Sources: APRA; Authors' calculations.
https://www.rba.gov.au/publications/rdp/2021/2021-07/full.html

Introduction

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
These bank-level patterns are statistically significant but, in aggregate, coincide with only a small temporary pick-up in large banks' mortgage market share relative to the other sample banks. ... Our work presents several other results. Analysis of
https://www.rba.gov.au/publications/rdp/2021/2021-07/introduction.html

Policy Effects of the Investor Limit

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
affected. Figure 3: Counterfactual Aggregate Lending. Actuals solid, counterfactuals dashed. Sources: APRA; Authors' calculations. ... The aggregate counterfactuals sum these across all banks within either the large or mid-sized category.
https://www.rba.gov.au/publications/rdp/2021/2021-07/policy-effects-of-the-investor-limit.html

Data and Variables

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
Figure 1 displays the aggregate behaviour of some key variables. Most commitments are for occupier P&I mortgages, with the remaining commitments roughly equally split across the other 3 mortgage types, ... Figure 1: Mortgage Aggregates and Macro Controls.
https://www.rba.gov.au/publications/rdp/2021/2021-07/data-and-variables.html

Empirical Strategy

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
However, aggregate policy effects are less clear with this specification, hence the use of 2 separate strategies. ... But that interpretation would be close for samples containing only the 4 large banks.) To understand aggregated effects we report
https://www.rba.gov.au/publications/rdp/2021/2021-07/empirical-strategy.html

Policy Effects of the Interest-only Limit

1 Jul 2021 RDP 2021-07
Nicholas Garvin, Alex Kearney and Corrine Rosé
In the aggregate commitments data, the policy effect appears immediate (Figure 7). ... Figure 8: Counterfactual Aggregate Lending. Actuals solid, counterfactuals dashed. Sources: APRA; Authors' calculations.
https://www.rba.gov.au/publications/rdp/2021/2021-07/policy-effects-of-the-interest-only-limit.html