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RBA Glossary definition for bond

bond – In general terms, a bond is a statement of debt with a medium to long term to maturity at the time it is issued. The holder of a bond is a lender to the issuer. As such, the statement gives the issuer an obligation to provide the holder with an income payment and/or a stream of income payments over the life of the bond and to repay the principal. The risk that the issuer cannot fulfil their obligation varies from issuer to issuer and over time.

Search Results

Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market

1 Jun 2006 RDP 2006-05
Kristoffer Nimark
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2006/2006-05.html

Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market

1 Jun 2006 RDP 2006-05
Kristoffer Nimark
Research Discussion Paper – RDP 2006-05 Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market.
https://www.rba.gov.au/publications/rdp/2006/2006-05/

Conclusions

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market 4. ... The model here differs because, to the extent that there is noise in the bond market, the central bank cannot extract the underlying shock perfectly.
https://www.rba.gov.au/publications/rdp/2006/2006-05/conclusions.html

Appendix A: The Model

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market Appendix A: The Model.
https://www.rba.gov.au/publications/rdp/2006/2006-05/appendix-a.html

References

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market References.
https://www.rba.gov.au/publications/rdp/2006/2006-05/references.html

Introduction

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
The mechanism is the following. Bonds are traded daily and the affine form of the bond pricing function makes the bond pricing equation with macro factors formally equivalent to a linear ... Hördahl et al impose only a no-arbitrage condition on the
https://www.rba.gov.au/publications/rdp/2006/2006-05/introduction.html

The Dynamics of the Estimated Model

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market 3. ... 4. Figure 4: Impulse Responses to Non-fundamental Shock to 1-year Bond Rate.
https://www.rba.gov.au/publications/rdp/2006/2006-05/dynamics-of-the-estimated-model.html

The Macroeconomy, the Term Structure and Monetary Policy Under Imperfect Information

31 Dec 2006 RDP 2006-05
Kristoffer Nimark
RDP 2006-05: Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market 2. ... Data on real GDP are released with a significant delay while bond prices are observed every day that bonds are traded.
https://www.rba.gov.au/publications/rdp/2006/2006-05/macroeconomy-term-structure-and-monetary-policy-under-imperfect-information.html