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1 Jul 1997
RDP
9703
Ric Battellino, John Broadbent and Philip Lowe
where:. r. t. is the actual (unofficial) cash rate; and. is the target cash rate. ... Δ in cash rate {t5}. 0.06. (0.04). Δ in cash rate {t6}.
https://www.rba.gov.au/publications/rdp/1997/9703/appendix-a.html
1 Jul 1997
RDP
9703
Ric Battellino, John Broadbent and Philip Lowe
Research Discussion Paper – RDP 9703 The Implementation of Monetary Policy in Australia. Ric Battellino, John Broadbent and Philip Lowe. July 1997. 191. KB. This paper was prepared for the Autumn Meeting of Central Bank Economists at the Bank for
https://www.rba.gov.au/publications/rdp/1997/9703/
1 Jul 1997
RDP
9703
Ric Battellino, John Broadbent and Philip Lowe
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1997/9703.html
1 Jul 1997
RDP
9703
Ric Battellino, John Broadbent and Philip Lowe
1990, volatility is measured using differences in the actual and announced cash rate target. ... He estimated that the pass-through of changes in the cash rate to 3-month money market rates, housing mortgage rate and business indicator rates were 0.97,
https://www.rba.gov.au/publications/rdp/1997/9703/impact-financial-markets.html
1 Jul 1997
RDP
9703
Ric Battellino, John Broadbent and Philip Lowe
81. Lowe, P. (1995), ‘The Link Between the Cash Rate and Market Interest Rates’, Reserve Bank of Australia Research Discussion Paper No. ... 327–341. Mankiw, N.G. and J. Miron. (1991), ‘Should the Fed Smooth Interest Rates?
https://www.rba.gov.au/publications/rdp/1997/9703/references.html
1 Jul 1997
RDP
9703
Ric Battellino, John Broadbent and Philip Lowe
Market conditions are easier to manage, given that the behaviour of participants is conditioned by the fact that they do not expect the cash rate to move much away from the ... Benefits have spread to the wider market, including less day-to-day
https://www.rba.gov.au/publications/rdp/1997/9703/concluding-remarks.html
1 Jul 1997
RDP
9703
Ric Battellino, John Broadbent and Philip Lowe
Since 1990, the Bank has announced an operational target for the cash rate each time monetary policy is changed. ... where r. t. is the actual cash rate and. is the target cash rate.
https://www.rba.gov.au/publications/rdp/1997/9703/australian-framework-implementing-monetary.html
1 Jul 1997
RDP
9703
Ric Battellino, John Broadbent and Philip Lowe
The process of announcing changes to the cash rate target has some of the same characteristics as a system of administered interest rates, and there was therefore some concern, when the ... The results also confirm that the larger is the change in the
https://www.rba.gov.au/publications/rdp/1997/9703/thinking-underlying-current-arrangements.html