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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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Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!

1 May 2023 RDP PDF 1465KB
Ramey (2016) for more details). This includes several papers looking at the Australian economy,. ... communication can affect the economy by changing expectations about future rates, as well as.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-04.pdf

Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

13 Feb 2024 RDP PDF 1260KB
of innovative activity in the economy, and therefore productivity and living standards in the future. ... Australia that typically imports innovation, compared to a large economy like the United States that.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf

Macroeconomic Policies and Growth

7 Dec 2006 Conferences PDF 121KB
RBA Conference Volume 1995
https://www.rba.gov.au/publications/confs/1995/pdf/andersen-gruen.pdf

Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Changing aggregate demand in the economy is an important channel for monetary policy. ... As a contractionary monetary policy shock lowers aggregate demand in the economy, it also lowers the potential future profits of a firm.
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
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Job Loss, Subjective Expectations and Household Spending

13 Aug 2021 RDP PDF 2108KB
Job Loss, Subjective Expectations and Household Spending. Gabrielle Penrose and Gianni La Cava. Research Discussion Paper. R DP 2021- 08. Figures in this publication were generated using Mathematica. ISSN 1448-5109 (Online). The Discussion Paper
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-08.pdf

Macrofinancial Stress Testing on Australian Banks

13 Sep 2023 RDP PDF 1940KB
selling assets) or doing. things that mean they are not effectively performing their role in supporting the economy (which. ... the economy that is triggered by an industry-specific shock. For each size–industry category, the.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-03.pdf

Inflation and Disinflation in Australia: 1950–91 | Conference – 1992

31 Dec 1950 Conferences
Glenn Stevens
The economy had largely recovered from the growth recession of 1956–58 by 1959. ... the economy and on policy by balance of payments concerns seemed to lessen.
https://www.rba.gov.au/publications/confs/1992/stevens.html

The Labour Market | Conference – 1990

21 Jun 1990 Conferences
Bruce Chapman
The teenage labour market, and the labour market of the aged are not, empirically, substantial matters for consideration of the overall workings of the Australian economy. ... It would be naive and inaccurate to characterise the Australian economy
https://www.rba.gov.au/publications/confs/1990/chapman.html

Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE

7 Jan 2024 RDP PDF 1715KB
overall investment and economy activity also softened (Figure C5). This provides some initial. ... firm entry and exit, meaning that there are fewer young firms in the economy.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-09.pdf

Related Literature

12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
likely to combine true policy shocks with additional information about the state of the economy – an information shock. ... Overall, they find that Action shocks affect the economy like textbook monetary policy shocks.
https://www.rba.gov.au/publications/rdp/2023/2023-04/related-literature.html
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