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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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
15 Feb 2024
RDP
2024-01
bond spreads, option-implied volatility). The shocks are then constructed as the deviation of the actual policy rates from that implied by the rule. ... A measure based on high-frequency changes in bond yields based on a 90-minute window around
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
Results
15 Feb 2024
RDP
2024-01
A measure based on high-frequency changes in bond yields based on a 90-minute window around announcements (Hambur and Haque 2023), which we call ‘levels shock’.
https://www.rba.gov.au/publications/rdp/2024/2024-01/results.html
Data and Methodology
15 Feb 2024
RDP
2024-01
bond spreads, option-implied volatility). The shocks are then constructed as the deviation of the actual policy rates from that implied by the rule. ... This is not the case for simpler Romer and Romer-style shocks (Bishop and Tulip 2017) or measures
https://www.rba.gov.au/publications/rdp/2024/2024-01/data-and-methodology.html
Through Which Channels Does Monetary Policy Affect Innovation?
15 Feb 2024
RDP
2024-01
Footnotes. This measure is based on high-frequency changes in bond yields.
https://www.rba.gov.au/publications/rdp/2024/2024-01/through-which-channels-does-monetary-policy-affect-innovation.html