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RBA Glossary definition for CS

CS – Clearing and settlement

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Credit Spreads, Monetary Policy and the Price Puzzle

1 Jan 2020 RDP 2020-01
Benjamin Beckers
rules are now close to zero and insignificant (Table 2, regressions BT-EXP and BT-CS-EXP). ... 1994:Q1–2018:Q4. Variable. BT. BT-CS. Constant. 0.02. 0.01. Δ. c. r. t.
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html

Read me

1 Jan 2020 RDP 2020-01
Benjamin Beckers
Plot and export BT and BT-CS shock series. Table 1 and Figure 6, Shocks for Section 5. ... Plot and export unanticipated BT and BT-CS shock series. Table 3, Figures 5 and 8, Shocks for Section 5.
https://www.rba.gov.au/publications/rdp/2020/2020-01/read-me.html

Appendix D: Further Robustness Tests and Results

28 Jan 2020 RDP 2020-01
Benjamin Beckers
In particular, I find no evidence of a price puzzle when using the new preferred, unanticipated BT-CS shock. ... BT-CS1. BT-CS2. BT-CS3. BT-CS. BT-Int. BT-CS-Int. Constant. 0.18. 0.06. 0.01. 0.05.
https://www.rba.gov.au/publications/rdp/2020/2020-01/appendix-d.html

The Cash Rate Response to Credit Market Conditions

28 Jan 2020 RDP 2020-01
Benjamin Beckers
rules are now close to zero and insignificant (Table 2, regressions BT-EXP and BT-CS-EXP). ... 1994:Q1–2018:Q4. Variable. BT. BT-CS. Constant. 0.02. 0.01. Δ. c. r. t.
https://www.rba.gov.au/publications/rdp/2020/2020-01/the-cash-rate-response-to-credit-market-conditions.html

References

28 Jan 2020 RDP 2020-01
Benjamin Beckers
Leeper EM, TB Walker and S-CS Yang (2013), ‘Fiscal Foresight and Information Flows’, Econometrica, 81(3), pp 1115–1145.
https://www.rba.gov.au/publications/rdp/2020/2020-01/references.html

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

28 Jan 2020 RDP 2020-01
Benjamin Beckers
b) BT shock accounting for cash rate response to credit spreads; residuals from regression BT-CS of Table 1. ... As a result, the unanticipated BT shock series now resembles the BT-CS residuals more closely.
https://www.rba.gov.au/publications/rdp/2020/2020-01/the-effects-of-monetary-policy-shocks-on-inflation-unemployment-and-output.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