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RBA Glossary definition for bid

bid – The price offered to purchase securities in the primary market. In relation to a tender, a bid also includes the volume willing to be bought at the price offered.

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Is the Phillips Curve Still a Curve? Evidence from the Regions

31 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
The intuition underlying the Phillips curve is that ‘[w]hen the demand for labour is high and there are very few unemployed we should expect employers to bid wages rates up
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html

Background on the Phillips Curve and the RBA's Modelling Approach

1 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
employers to bid wages rates up quite rapidly’ (Phillips 1958, p 283), and firms to raise prices.
https://www.rba.gov.au/publications/rdp/2021/2021-09/background-on-the-phillips-curve-and-the-rbas-modelling-approach.html