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RBA Glossary definition for original

original – An original time series shows the actual movements in the data over time, not seasonally adjusted.

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Read me

1 Jan 2020 RDP 2020-01
Benjamin Beckers
Figure 1. 04b_svar_bt_vs_btcs.R. Section 5.1: Estimates SVARs with original BT or BT-CS shocks as policy variables. ... Figure D4. 05a_lp_base.R. Appendix D: Estimates impulse responses from Local Projections with original BT or unanticipated BT-CS
https://www.rba.gov.au/publications/rdp/2020/2020-01/read-me.html

Credit Spreads, Monetary Policy and the Price Puzzle

1 Jan 2020 RDP 2020-01
Benjamin Beckers
t. e. x. p. t. I find that expected cash rate changes explain around half of the variation in the residuals from the original Bishop and Tulip (2017) regression and predict ... However, to shed light on any differential effects of monetary policy on
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html

Appendix D: Further Robustness Tests and Results

28 Jan 2020 RDP 2020-01
Benjamin Beckers
Notes: See notes for Figures 7 and 9. (a) Original, anticipated policy shock used by Bishop and Tulip (2017). ... b) New, preferred unanticipated policy shock. (c) Original Taylor rule specification used by Bishop and Tulip (2017).
https://www.rba.gov.au/publications/rdp/2020/2020-01/appendix-d.html

Robustness to Model Misspecification and the GFC Episode

28 Jan 2020 RDP 2020-01
Benjamin Beckers
Here, I compare the results from a VAR including the original, anticipated RR shock used by BT to one using my new preferred, unanticipated shock series. ... a) Original, anticipated policy shock used by Bishop and Tulip ((2017), baseline SVAR responses
https://www.rba.gov.au/publications/rdp/2020/2020-01/robustness-to-model-misspecification-and-the-gfc-episode.html

The Effects of Monetary Policy Shocks on Inflation, Unemployment and Output

28 Jan 2020 RDP 2020-01
Benjamin Beckers
smaller and not statistically significant, and unemployment starts to increase sooner compared to estimates using the original BT residual. ... This is in stark contrast to the original BT shock (Figure 9, left panels).
https://www.rba.gov.au/publications/rdp/2020/2020-01/the-effects-of-monetary-policy-shocks-on-inflation-unemployment-and-output.html

The Cash Rate Response to Credit Market Conditions

28 Jan 2020 RDP 2020-01
Benjamin Beckers
t. e. x. p. t. I find that expected cash rate changes explain around half of the variation in the residuals from the original Bishop and Tulip (2017) regression and predict
https://www.rba.gov.au/publications/rdp/2020/2020-01/the-cash-rate-response-to-credit-market-conditions.html

Credit Market Conditions and the Bank's Forecast Errors

28 Jan 2020 RDP 2020-01
Benjamin Beckers
However, to shed light on any differential effects of monetary policy on inflation, output and unemployment as later estimated using the original BT or the new credit spreads-augmented (BT-CS)
https://www.rba.gov.au/publications/rdp/2020/2020-01/credit-market-conditions-and-the-banks-forecast-errors.html