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RBA Glossary definition for HAC Rule
HAC Rule – Honour All Cards Rule
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Payments System Board Annual Report 2004 - Competition and Efficiency
22 Sep 2005
PSB Annual Report
2004
PDF
67KB
https://www.rba.gov.au/publications/annual-reports/psb/2004/pdf/competition.pdf
Anticipatory Monetary Policy and the ‘Price Puzzle’
1 May 2017
RDP
2017-02
In Approach 4, we restrict our sample to begin in 1996:Q1, a period for which the coefficients on the policy rule were arguably more stable. ... The resulting series should identify a narrower set of monetary shocks, namely innovations to the policy rule
https://www.rba.gov.au/publications/rdp/2017/2017-02/full.html
See 3 more results from "RDP 2017-02"
EFTPOS and Visa Debit
2 May 2005
PDF
110KB
Submissions on EFTPOS and Visa Debit Systems
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/submissions-reform-draft/cuscal-29042005.pdf
Anticipatory Monetary Policy and the ‘Price Puzzle’
18 May 2017
RDP
PDF
2157KB
These coefficients are large, statistically significant and ‘incorrectly’ signed. The effect essentially occurs with a one-quarter lag, which rules out interpretations implying delayed or gradual responses. ... The resulting series should identify a
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-02.pdf
Payments System Board Annual Report 2004
15 Nov 2004
Annual Report
PDF
465KB
It also viewed the ‘no surcharge’ rule as detrimental to the effi cient and competitive functioning of the credit card payment system. ... A large group of merchants, led by Wal-Mart, sued MasterCard and Visa over their activities related to their
https://www.rba.gov.au/publications/annual-reports/psb/2004/pdf/2004-psb-ann-report.pdf
An Empirical BVAR-DSGE Model of the Australian Economy
2 Feb 2015
RDP
PDF
657KB
deviations from steadystate) of inflation and value-added output, vat , as well as growth in value-addedoutput.5 The rule is:. ... 8 We do not allow a role for the exchange rate in the Taylor rule, reflecting the findings of Lubikand Schorfheide (2007).
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-07.pdf
Credit Union Industry Submission: Reform of Visa Debit and EFTPOS
20 Feb 2006
PDF
102KB
Submissions on Reform of Debit Card Systems
https://www.rba.gov.au/payments-and-infrastructure/debit-cards/submissions-reform-debit/cuia-170206.pdf
Review of Card Surcharging: A Consultation Document
25 Jul 2011
PDF
35KB
This review of merchants’ capacity to recover their card acceptance costs by surcharging again highlights our criticism of the RBA’s modification of the Honour All Cards (HAC) Rule. ... As you know, the Woolworths group last year took advantage of
https://www.rba.gov.au/payments-and-infrastructure/submissions/submissions-card-surcharging/abacus-card-surcharging.pdf
Abacus submission to RBA's payments reform review
13 Sep 2007
PDF
57KB
Submission on the Issues for the 2007/08 Review
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/past-regulatory-reviews/review-of-card-payment-systems-reforms/pdf/abacus-31082007.pdf
Central Bank Frameworks: Evolution or Revolution?
4 Jan 2023
Conferences
PDF
7522KB
RBA Conference Volume 2018
https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018.pdf