Search: monetary aggregates
RBA Glossary definition for monetary aggregates
monetary aggregates – A series of measures of the values of currency on issue, current deposits with banks, other deposits with banks, plus borrowings from the private sector by non-bank financial institutions (NBFIs) less currency and bank deposits by NBFIs. Components consist of: 'M1' defined as currency plus bank current deposits from the private non-bank sector; 'M3' defined as M1 plus all other authorised deposit-taking institution (ADI) deposits from the private non-ADI sector, plus certificates of deposit issued by banks, less ADI deposits held with one another; 'Broad money' defined as M3 plus other short-term liquid AFI liabilities held by the private sector, except those held by other AFIs ; 'Money base' defined as holdings of banknotes and coins by the private sector plus deposits of banks with the Reserve Bank of Australia (RBA) and other RBA liabilities to the private non-bank sector
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Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? | Conference – 2003
18 Aug 2003
Conferences
RBA Annual Conference – 2003 Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? ... imbalances. And that may be aggravated when monetary policy has a high degree of counter-inflationary credibility as excessive
https://www.rba.gov.au/publications/confs/2003/bean.html
Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
7 Jan 2024
RDP
PDF
1715KB
However, when using. the aggregate investment deflator we find little evidence that contractionary monetary policy shocks. ... GDP and CPI growth but have no firm-level controls. Using the aggregate data, the magnitude and timing of the effects of
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-09.pdf
The Debate on Alternatives for Monetary Policy in Australia
7 Dec 2006
Conferences
PDF
85KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/edey.pdf
Conference on Money and Credit: Summary of Discussion | Conference – 1989
20 Jun 1989
Conferences
The discussants agreed with the paper's conclusions that central banks began targeting monetary aggregates as a tactical response to a specific set of economic conditions, not as a revolutionary change ... The important point is that simple interest rate
https://www.rba.gov.au/publications/confs/1989/summary-of-discussion.html
Monetary Policy
1 Nov 1984
RDP
8402
CAGAN, P. “The Choice Among Monetary Aggregates as Targets and Guides for Monetary Policy”. ... 44, 1976, pp.979–999. OFFENBACHER, E.K. “Economic Monetary Aggregates, Comment”. Journal Econometrics. ,
https://www.rba.gov.au/publications/rdp/1984/8402/monetary-policy.html
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The Evolution of Monetary Policy: From Money Targets to Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
The check-list was described in Johnston (1985a, p. 812): ‘The relevant indicators include all the monetary aggregates; interest rates; the exchange rate; the external accounts; the current performance and outlook ... The guidance of monetary
https://www.rba.gov.au/publications/confs/1997/grenville.html
Aggregate Implications
22 Mar 2023
RDP
2023-03
allow us to understand how aggregate productivity would have evolved had reallocation not slowed. ... larger, aggregate MFP and output growth would have been moderately stronger in each year since 2008.
https://www.rba.gov.au/publications/rdp/2023/2023-03/aggregate-implications.html
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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
13 Feb 2024
RDP
PDF
1260KB
US innovative activity. We find that contractionary (expansionary) monetary policy shocks reduce (increase) aggregate R&D. ... One is the. demand channel: contractionary monetary policy may weaken aggregate demand and therefore.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf
Aggregate Responses
31 Dec 2014
RDP
2014-08
Aggregate Responses. Peter Downes, Kevin Hanslow and Peter Tulip. August 2014 – ISSN 1320-7229 (Print), ISSN 1448-5109 (Online). ... Higher mining investment also increases the national capital stock and hence aggregate supply.
https://www.rba.gov.au/publications/rdp/2014/2014-08/agg-res.html
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New Classical Models and unobserved aggregates
19 Nov 2012
RDP
PDF
912KB
monetary aggregates. Both the measured monetary aggregate and the monetary. base are assumed to be observable (published) variables. ... This would suggest that one should describe the monetary "state" of the economy as being determined by some
https://www.rba.gov.au/publications/rdp/1986/pdf/rdp8601.pdf