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RBA Glossary definition for broad money
broad money – The widest definition of money published by the Reserve Bank of Australia (RBA). Broad money is defined as currency plus ADI deposits from the non-AFI private sector, plus other short-term liquid AFI liabilities held by the non-AFI private sector.
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China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
advanced economies, where contractionary interest rate adjustments are associated with some combination of higher market-based interest rates, slower money growth, lower industrial output growth, lower consumption and lower inflation. ... In relation to
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
Conclusion
9 Dec 2019
RDP
2019-11
First, analysis of how macroprudential policy in China will be integrated into the monetary policy framework (including how trade-offs are managed) is likely to be of broad-based interest given ... China's run of generally sound inflation outcomes over
https://www.rba.gov.au/publications/rdp/2019/2019-11/conclusion.html
Monetary Policy Transmission
9 Dec 2019
RDP
2019-11
Figure 14: Impact of Money Supply Shock. One standard deviation shock, cumulative impulse responses. ... This is irrespective of whether the latter is measured as broad money (M2) or bank reserves, or whether the sample is broken into sub-periods.
https://www.rba.gov.au/publications/rdp/2019/2019-11/monetary-policy-transmission.html
Introduction
9 Dec 2019
RDP
2019-11
advanced economies, where contractionary interest rate adjustments are associated with some combination of higher market-based interest rates, slower money growth, lower industrial output growth, lower consumption and lower inflation. ... In relation to
https://www.rba.gov.au/publications/rdp/2019/2019-11/introduction.html
Non-technical summary for ‘China's Evolving Monetary Policy Framework in International Context’
1 Dec 2019
RDP
2019-11
In relation to the existing literature, this relatively broad scope allows for a clearer identification of interconnections across elements of the policy framework, and how these compare to advanced economies.
https://www.rba.gov.au/publications/rdp/2019/2019-11/non-technical-summary.html
The Institutional Design Framework for Monetary Policy
9 Dec 2019
RDP
2019-11
Article 5 of The PBC Law makes this clear: ‘The People's Bank of China shall report its decisions to the State Council for approval concerning the annual money supply, interest ... See Tucker (2018) for a broad-based account of these and related issues
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-institutional-design-framework-for-monetary-policy.html