Search: GFC
RBA Glossary definition for GFC
GFC – Global Financial Crisis
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Robustness to Model Misspecification and the GFC Episode
28 Jan 2020
RDP
2020-01
1994:Q1–2018:Q4. Variable. GFC dummy. Excluding GFC. Pre-GFC. Post-GFC. c. s. t. ... One-year-ahead forecast, 1994:Q1–2018:Q4. Predictor. GFC dummy. Excluding GFC. Pre-GFC. Post-GFC. Constant.
https://www.rba.gov.au/publications/rdp/2020/2020-01/robustness-to-model-misspecification-and-the-gfc-episode.html
Credit Spreads, Monetary Policy and the Price Puzzle
1 Jan 2020
RDP
2020-01
BT. During the GFC, the Bank paid particular attention to a wide range of financial market indicators. ... Figure 2: Credit Spreads and Uncertainty during the GFC. Notes: (a) US BAA corporate to 10-year US Treasury bond yield.
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html
Introduction
28 Jan 2020
RDP
2020-01
In particular, the predictive content of credit market indicators for the Bank's forecast errors breaks down (in the admittedly short sample) after the GFC. ... This is not to say that the role of financial markets for the real economy was ignored prior
https://www.rba.gov.au/publications/rdp/2020/2020-01/introduction.html
Read me
1 Jan 2020
RDP
2020-01
Figure D2. 05b_lp_ex_gfc.R. Section 6.2: Estimates impulse responses from Local Projections with original BT or unanticipated BT-CS shocks as policy variables, estimated over a sample ... excluding the GFC episode.
https://www.rba.gov.au/publications/rdp/2020/2020-01/read-me.html
Appendix C: Variable Definitions
28 Jan 2020
RDP
2020-01
FRED database (Identifier ‘VIXCLS’). D. t. G. F. C. GFC dummy taking the value of 1 for all quarters from 2008:Q3–2009:Q2.
https://www.rba.gov.au/publications/rdp/2020/2020-01/appendix-c.html
Credit Spreads, Monetary Policy and the Price Puzzle
1 Jan 2020
RDP
2020-01
Research Discussion Paper – RDP 2020-01 Credit Spreads, Monetary Policy and the Price Puzzle. Benjamin Beckers. January 2020. 460. KB. The Discussion Paper series is intended to make the results of the current economic research within the Reserve
https://www.rba.gov.au/publications/rdp/2020/2020-01/sections.html
References
28 Jan 2020
RDP
2020-01
Debelle G (2018), ‘Lessons and Questions from the GFC’, Address to the Australian Business Economists Annual Dinner, Sydney, 6 December.
https://www.rba.gov.au/publications/rdp/2020/2020-01/references.html
Biased Romer and Romer Estimates – The Role of Credit Spreads
28 Jan 2020
RDP
2020-01
BT. During the GFC, the Bank paid particular attention to a wide range of financial market indicators. ... Figure 2: Credit Spreads and Uncertainty during the GFC. Notes: (a) US BAA corporate to 10-year US Treasury bond yield.
https://www.rba.gov.au/publications/rdp/2020/2020-01/biased-romer-and-romer-estimates-the-role-of-credit-spreads.html
The Cash Rate Response to Credit Market Conditions
28 Jan 2020
RDP
2020-01
As discussed in the previous section, these measures served as important real-time gauges for financial market stress during the GFC and informed monetary policy to a considerable extent.
https://www.rba.gov.au/publications/rdp/2020/2020-01/the-cash-rate-response-to-credit-market-conditions.html
The Effects of Monetary Policy Shocks on Inflation, Unemployment and Output
28 Jan 2020
RDP
2020-01
Most visibly, the response to credit spreads helps to explain the large cash rate changes in the mid 1990s and around the GFC. ... In contrast, purging the BT-CS residual of financial market expectations makes little difference, with the exception of the
https://www.rba.gov.au/publications/rdp/2020/2020-01/the-effects-of-monetary-policy-shocks-on-inflation-unemployment-and-output.html