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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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Fiscal, Monetary and Macroprudential Regimes: Incentives-Values Compatibility in Constitutional Democracies

28 Dec 2022 Conferences PDF 375KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-tucker.pdf

MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy

20 Aug 2019 RDP PDF 1571KB
References 40. 1. Introduction. This paper presents a model of the Australian economy. ... MARTIN is a macroeconometric model of the Australian economy. It describes relationships between.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf

The Australian Labour Market in the 1990s | Conference – 2000

21 Jun 1990 Conferences
Peter Dawkins
First, structural change in the economy (e.g. labour market reform) can reduce the level of unemployment that the economy can sustain. ... Such policies will tend to slow the economy and raise the level of unemployment.
https://www.rba.gov.au/publications/confs/2000/dawkins.html

Did Labour Market Concentration Lower Wages Growth Pre-COVID?

1 Mar 2023 RDP 2023-02
Jonathan Hambur
The topic has received a lot of focus in recent years in response to slow wages growth, and evidence of increasing inequality and declining labour shares in some advanced economies. ... Errors clustered at the local market level. To provide a sense of
https://www.rba.gov.au/publications/rdp/2023/2023-02/full.html
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Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia

16 Mar 2023 RDP PDF 1288KB
firms, lowering both labour productivity (how productively the economy uses its labour) and likely. ... throughout the economy (rather than just being used by the most productive firms).
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-03.pdf

Consumption Behavior across the Distribution of Liquid Assets

19 Dec 2023 Research Workshop PDF 2239KB
RBA Workshop 2023
https://www.rba.gov.au/publications/workshops/research/2023/pdf/rba-workshop-2023-graham-mcdowall.pdf

Appendix A: Model Specifications

20 Sep 2022 RDP 2022-03
Nicholas Garvin, Samuel Kurian, Mike Major and David Norman
accounts for the natural level of defaults that take place even in a strong economy. (. ... 0. The pre-calibrated PD coefficients used in these equations are shown in Table A2 and LGDs do not depend on the macro environment.
https://www.rba.gov.au/publications/rdp/2022/2022-03/appendix-a.html
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Structural Evolution of the Postwar U.S. Economy

12 Dec 2013 Research Workshop PDF 950KB
Reserve Bank of Australia Workshop 2013
https://www.rba.gov.au/publications/workshops/research/2013/pdf/liu-morley.pdf

The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data

21 Jun 2023 RDP 2023-05
Callan Windsor, Terhi Jokipii and Matthieu Bussiere
Panel D: Baseline macro controls. Real GDP growth. Year-on-year growth in real GDP. ... These controls remove any correlation interest rates might indirectly have with profitability via their impact on the state of the economy and funding conditions.
https://www.rba.gov.au/publications/rdp/2023/2023-05/full.html
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Central Bank Frameworks: Evolution or Revolution?

4 Jan 2023 Conferences PDF 7522KB
RBA Conference Volume 2018
https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018.pdf