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RBA Glossary definition for HAC Rule

HAC Rule – Honour All Cards Rule

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Glossary

22 Jan 2024
A glossary of terms used on the RBA website
https://www.rba.gov.au/glossary/

Glossary

11 Nov 2004 PSB Annual Report – 2004
DvP. Delivery-versus-Payment. EFTPOS. Electronic Funds Transfer at Point of Sale. HAC Rule. ... Honour All Cards Rule. Interchange fee. a fee paid between card issuers and acquirers when cardholders make transactions.
https://www.rba.gov.au/publications/annual-reports/psb/2004/glossary.html

Implementation Effects

24 May 2022 RDP 2022-02
Richard Finlay, Dmitry Titkov and Michelle Xiang
Notes: Heteroskedasticity and autocorrelation corrected (HAC) standard errors in parentheses; , and denote statistical significance at the 10, 5 and 1 per cent levels, respectively. ... It was also consistent with the Reserve Bank retaining operational
https://www.rba.gov.au/publications/rdp/2022/2022-02/implementation-effects.html
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Competition and Efficiency

11 Nov 2004 PSB Annual Report – 2004
Removal of the so-called ‘no surcharge’ rule has led some merchants to introduce charges for the use of credit cards. ... A large group of merchants, led by Wal-Mart, sued MasterCard and Visa over their activities related to their debit cards and, in
https://www.rba.gov.au/publications/annual-reports/psb/2004/competition.html

Anticipatory Monetary Policy and the ‘Price Puzzle’

1 May 2017 RDP 2017-02
James Bishop and Peter Tulip
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
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Policy Rules for Open Economies

1 Jul 1998 RDP 9806
Laurence Ball
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1998/9806.html
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Term Structure Rules for Monetary Policy

1 Apr 2006 RDP 2006-02
Mariano Kulish
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2006/2006-02.html
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Discussion on Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997

21 Jul 1997 Conferences
All the rules are constrained to be backward-looking, by which I mean they do not include any expected future values of the variables in the rule. ... an explicit open-economy dimension in the monetary rule; and the potential for forward-looking rules to
https://www.rba.gov.au/publications/confs/1997/macklem.html

Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997

21 Jul 1997 Conferences
Gordon de Brouwer and James O'Regan
Consistent with Ball's (1997) model, nominal-income rules are relatively inefficient, with the efficient frontier lying outside the Taylor-rule frontier. ... Recall that the Taylor-rule frontier in Figure 1 shows outcomes from the efficient Taylor rules.
https://www.rba.gov.au/publications/confs/1997/de-brouwer-oregan.html

Introduction for RDP 7903: Monetary Rules: A Preliminary Analysis

1 Sep 1979 RDP 7903
P.D. Jonson and R.G. Trevor
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1979/7903.html
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