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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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Appendix

1 Feb 1991 RDP 9101
David W.R. Gruen
While steady inflation (regime I) persists, the behaviour of the economy is determined by equations (2) – (4) and equation (6′), with “core inflation”, π, pre-determined, and the nominal interest rate, ... Tedious but straightforward
https://www.rba.gov.au/publications/rdp/1991/9101/appendix.html

The Effect of Steady Inflation on Interest Rates and the Real Exchange Rate in a World with Free Capital Flows

1 Feb 1991 RDP 9101
David W.R. Gruen
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1991/9101.html

Introducing Uncertainty

1 Feb 1991 RDP 9101
David W.R. Gruen
Upon imposition of such a tax (and the associated adjustment of the nominal interest rate to keep output at its full employment level) the equilibrium is characterised by. ... Note that the nominal interest rate is the monetary policy instrument in
https://www.rba.gov.au/publications/rdp/1991/9101/introducing-uncertainty.html

Introduction

1 Feb 1991 RDP 9101
David W.R. Gruen
Real interest rates are derived by deflating nominal rates by the 12 month ended inflation rates calculated for Figure 1. ... k. denote the nominal interest rate and the inflation rate in country k, and k denotes either Australia or country j); S is the
https://www.rba.gov.au/publications/rdp/1991/9101/introduction.html

Discussion

1 Feb 1991 RDP 9101
David W.R. Gruen
AT. = i(1τ) π Other things equal, a change in the expected rate of domestic inflation induces a change in the domestic nominal interest rate which leaves the after-tax real ... Thus, a change in steady inflation, dπ, induces a change in the nominal
https://www.rba.gov.au/publications/rdp/1991/9101/discussion.html

The Model when the Future is Certain

1 Feb 1991 RDP 9101
David W.R. Gruen
r. world pre-tax short-term real interest rate. e. logarithm of the nominal exchange rate (domestic currency price of foreign currency). ... We assume that there is no foreign inflation, so that the world nominal and real interest rates are equal (i. =
https://www.rba.gov.au/publications/rdp/1991/9101/model-when-the-future-is-certain.html