Search: Nominal interest rate
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RBA Glossary definition for Nominal interest rate
Nominal interest rate – The nominal interest rate refers to the cost of borrowing money before adjustment for inflation i.e. it includes compensation for the expected erosion of the value of the borrowed funds due to inflation. It is the cost visible to the borrower, and is composed of the real interest rate plus inflation.
RBA Glossary definition for interest rate
interest rate – The term used to describe the cost of borrowing money or the return to the owner of the funds which are invested or lent out. It is usually expressed as a percent per annum of the amount of money borrowed, lent or invested.
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Mortgage Prepayment and Path-Dependent Effects of Monetary Policy∗ David ...
20 Nov 2018
Research Workshop
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691KB
The mortgage block of the modelpins down the equilibrium mortgage interest rate given exogenous short term interest rates as well as allmortgage related outcomes like prepayment and rate gaps. ... Since this distribution depends on past interest rates,
https://www.rba.gov.au/publications/workshops/research/2018/pdf/rba-workshop-2018-berger.pdf
QUANTITATIVE EASINGEmail: w.cui@ucl.ac.uk and v.sterk@ucl.ac.uk. We thank Marios Angeletos, Richard Harrison, and seminar participants at…
18 Nov 2018
Research Workshop
PDF
872KB
central bank, denoted by Mt in real terms, which pay a nominal interest rate Rt, controlled. ... deposits. No-arbitrage implies that reserves and deposits carry the same nominal interest rate Rt.
https://www.rba.gov.au/publications/workshops/research/2018/pdf/rba-workshop-2018-sterk.pdf
Endogenous Technology Adoption and R&D as Sources of Business ...
21 Jun 2018
Research Workshop
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943KB
the zero lower bound on the nominal interest rate, fiscal policy constraints and the delever-. ... net nominal interest rate, which implies that the gross nominal rate cannot fall below unity.
https://www.rba.gov.au/publications/workshops/research/2018/pdf/rba-workshop-2018-comin.pdf
Exchange Rate Policies at the Zero Lower Bound
4 Jan 2018
Research Workshop
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1012KB
https://www.rba.gov.au/publications/workshops/research/2017/pdf/rba-workshop-2017-javier-bianchi.pdf
Trading Down and the Business Cycle
4 Jan 2018
Research Workshop
PDF
894KB
https://www.rba.gov.au/publications/workshops/research/2017/pdf/rba-workshop-2017-arlene-wong.pdf
Market Structure and Monetary Non-neutrality
4 Jan 2018
Research Workshop
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1832KB
over nominal cost. In equilibrium, a monetary expansion increases nominal costs, causing all. ... Nominal money supply is exogenous. Its growth rate g′ = M′/M evolves as follows:.
https://www.rba.gov.au/publications/workshops/research/2017/pdf/rba-workshop-2017-simon-mongey.pdf
Intergenerational Redistribution in the Great Recession
4 Jan 2018
Research Workshop
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460KB
https://www.rba.gov.au/publications/workshops/research/2017/pdf/rba-workshop-2017-dirk-krueger.pdf
Changing School Autonomy: Academy Schools and their introduction to England’s Education
14 Dec 2017
Research Workshop
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3636KB
Interest in the size of rent sharing parameter, β: 𝑤𝑤 𝑤𝑤 𝛽𝛽 𝜋𝜋𝑛𝑛. ... Real Wage Stagnation. International Real Wage Growth. Real Wages, UK. Nominal Wages and Prices, UK.
https://www.rba.gov.au/publications/workshops/research/2017/pdf/rba-workshop-2017-stephen-machin.pdf
Monetary Policy and the Predictability of Nominal
17 Jan 2017
Research Workshop
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506KB
https://www.rba.gov.au/publications/workshops/research/2016/pdf/rba-workshop-2016-eichenbaum.pdf
A Model of Secular Stagnation: Theory and Quantitative Evaluation
17 Jan 2017
Research Workshop
PDF
904KB
https://www.rba.gov.au/publications/workshops/research/2016/pdf/rba-workshop-2016-mehrotra.pdf