Search: macro economy
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macroeconomy?
RBA Glossary definition for macro economy
macro economy – The economy looked at as a whole or in terms of major components measured by aggregates such as gross domestic product, the balance of payments and related links, in the context of the national economy. This contrasts with microeconomics which focuses upon specific firms or industries.
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The Consequences of Low Interest Rates for the Australian Banking Sector
21 Dec 2022
RDP
2022-08
The neutral rate in Australia is estimated to have followed a similar profile to other advanced economies. ... From Brassil et al (2022), period t lending rates in the Australian economy (r.
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
Conclusions, Policy Implications and Future Research
21 Dec 2022
RDP
2022-08
policy. Future research could use BA-MARTIN to explore how different CCyB calibrations could change how the Australian banking sector, and therefore the economy, weather large downturns. ... Given that BA-MARTIN is a large macro model, this research
https://www.rba.gov.au/publications/rdp/2022/2022-08/conclusions-policy-implications-and-future-research.html
The Literature through the Lens of Banks' Balance Sheets
21 Dec 2022
RDP
2022-08
While the cash rate target has remained above zero in Australia, the RBA implemented several unconventional policies designed to stimulate the economy. ... The economy would be in much worse shape if central banks tried (in vain) to return interest rates
https://www.rba.gov.au/publications/rdp/2022/2022-08/the-literature-through-the-lens-of-banks-balance-sheets.html