Search: bond
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.
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Appendix D: Data Sources and Definitions
31 Dec 2003
RDP
2003-12
The bond market inflation expectations series is as constructed in Gruen et al (2002), except that, rather than using the end-quarter value of the nominal 10-year bond yield, we ... use the average of the end-month values in each quarter (from Table F.2
https://www.rba.gov.au/publications/rdp/2003/2003-12/appendix-d.html
Methodology
31 Dec 2003
RDP
2003-12
oil and import price inflation, bond market inflation expectations, and the Southern Oscillation Index, will develop over the coming year. ... future paths of oil prices, import prices, bond market inflation expectations, and the output gap, over the
https://www.rba.gov.au/publications/rdp/2003/2003-12/methodology.html
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31 Dec 2003
RDP
2003-12
the final vintage Phillips curve specification and historical output-gap profile, together with perfect foresight as to the future paths of the output gap, oil prices, import prices and bond market
https://www.rba.gov.au/publications/rdp/2003/2003-12/results.html
Why Do Our Phillips Curves Forecast Poorly?
31 Dec 2003
RDP
2003-12
Recall that our Phillips curve-based forecasts have perfect foresight built into them with regard to variables such as oil and import prices, and bond market inflation expectations.
https://www.rba.gov.au/publications/rdp/2003/2003-12/why-do-our-phillips-curves-forecast-poorly.html