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RBA Glossary definition for MAS

MAS – Monetary Authority of Singapore

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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Ma (2023) focuses on patenting as a measure of innovative activity, again for the United States. ... Again, our results are somewhat more in line with Ma and Zimmerman (2023).
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html

Results

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Unlike the United States (Ma 2023), monetary policy shocks have no effect on the number of patents filed (Figure 1, top panel). ... Our results are more in line with those from Ma and Zimmerman (2023), who also use local projections and find that
https://www.rba.gov.au/publications/rdp/2024/2024-01/results.html

Literature Review

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Ma (2023) focuses on patenting as a measure of innovative activity, again for the United States. ... Ma and Zimmerman (2023) focus on similar measures to the two previously mentioned papers, such as R&D spending and patenting, as well as venture capital
https://www.rba.gov.au/publications/rdp/2024/2024-01/literature-review.html

References

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Ma C (2023), ‘Firm Liquidity and the Innovation Channel of Monetary Policy’, Job Market Paper, University of Texas, 8 November. ... Ma Y and K Zimmermann (2023), ‘Monetary Policy and Innovation’, NBER Working Paper No 31698.
https://www.rba.gov.au/publications/rdp/2024/2024-01/references.html

Introduction

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
2018; Jordà, Singh and Taylor 2020; Ma 2023; Ma and Zimmerman 2023).
https://www.rba.gov.au/publications/rdp/2024/2024-01/introduction.html

Data and Methodology

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
as Moran and Queralto (2018) and Ma (2023). ... This is a common approach in the literature (Ma 2023; Jordà et al 2020; Durante, Ferrando and Vermeulen 2022).
https://www.rba.gov.au/publications/rdp/2024/2024-01/data-and-methodology.html

Macroeconomic Effects on Productivity

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Again, our results are somewhat more in line with Ma and Zimmerman (2023).
https://www.rba.gov.au/publications/rdp/2024/2024-01/macroeconomic-effects-on-productivity.html