Search: borrower
RBA Glossary definition for borrower
borrower – A person or entity that incurs a debt to a lender on agreed terms.
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A Closer Look at the Borrower Cash Flow Channel
23 Dec 2016
RDP
2016-12
Download the Paper 1. MB. Next, we take a closer look at the borrower cash flow channel by exploiting variation between variable-rate and fixed-rate borrowers in their response to ... If the borrower cash flow channel exists, the cash flows and spending
https://www.rba.gov.au/publications/rdp/2016/2016-12/closer-look-at-the-borrower-cash-flow-channel.html
The Household Cash Flow Channel of Monetary Policy
16 Dec 2016
RDP
2016-12
This is consistent with a ‘borrower’ cash flow channel. We also find that lower interest rates reduce the cash flows available to households that receive interest on bank deposits and that ... This is consistent with a ‘lender’ cash flow channel.
https://www.rba.gov.au/publications/rdp/2016/2016-12.html
Data
23 Dec 2016
RDP
2016-12
a) Borrowers (lenders) are households with negative (positive) net interest-earning liquid assets. ... the borrower channel will be stronger than the lender channel). While there are roughly similar shares of lenders and borrowers in the population,
https://www.rba.gov.au/publications/rdp/2016/2016-12/data.html
The Household Cash Flow Channel of Monetary Policy
1 Dec 2016
RDP
2016-12
the borrower channel will be stronger than the lender channel). While there are roughly similar shares of lenders and borrowers in the population, average debt holdings exceed average liquid asset holdings. ... If the borrower cash flow channel exists,
https://www.rba.gov.au/publications/rdp/2016/2016-12/full.html
Appendix A: Full Regression Output
23 Dec 2016
RDP
2016-12
Other cash flows: For borrowers, this is equal to disposable income (HIFDITP – HIFDITN). ... Non-HtM households. Borrowers. Lenders. Borrowers. Lenders. Borrowers. Lenders. Interest-sensitive cash flows.
https://www.rba.gov.au/publications/rdp/2016/2016-12/appendix-a.html
Introduction
23 Dec 2016
RDP
2016-12
Second, we explore the quantitative importance of both the borrower and lender channels. ... There are a handful of studies that examine the borrower cash flow channel.
https://www.rba.gov.au/publications/rdp/2016/2016-12/introduction.html
Conclusion
23 Dec 2016
RDP
2016-12
Download the Paper 1. MB. We find evidence for the existence of a ‘borrower’ cash flow channel. ... Borrowers have a higher propensity to consume than lenders, and borrowers have more net debt than lenders have net interest-earning liquid assets, on
https://www.rba.gov.au/publications/rdp/2016/2016-12/conclusion.html
The Household Cash Flow Channel of Monetary Policy
1 Dec 2016
RDP
2016-12
Research Discussion Paper – RDP 2016-12 The Household Cash Flow Channel of Monetary Policy. Gianni La Cava, Helen Hughson and Greg Kaplan. December 2016. Download the Paper 1. MB. We would like to thank Adrian Auclert, Matthew Read, Paul Ryan,
https://www.rba.gov.au/publications/rdp/2016/2016-12/sections.html
Quantifying the Aggregate Cash Flow Channel
23 Dec 2016
RDP
2016-12
All households. HtM households. Borrowers. Lenders. Borrowers. Lenders. Mean net interest-earning liquid assets ($). ... about $1,950 for borrowers and an average decrease of about $400 for lenders (i.e.
https://www.rba.gov.au/publications/rdp/2016/2016-12/quantifying-the-aggregate-cash-flow-channel.html
The Sensitivity of Household Spending to Cash Flows
23 Dec 2016
RDP
2016-12
The estimated MPC is more than three times larger for borrowers than for lenders, indicating that, for a given dollar change in cash flows, the borrower cash flow channel is a ... HtM households. Non-HtM households. Borrowers. Lenders. Borrowers. Lenders.
https://www.rba.gov.au/publications/rdp/2016/2016-12/sensitivity-of-household-spending-to-cash-flows.html