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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 A: Estimates of the Model

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
Interest rates are expressed in per cent per annum divided by 100, and all other variables are expressed in logs. ... output. The six lags of the real interest rate are jointly significant (χ.
https://www.rba.gov.au/publications/rdp/2000/2000-06/appendix-a.html

The Model

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
The final piece of the model concerns the determination of the nominal interest rate (the monetary policy instrument). ... ahead forecast monetary-policy rule, generate fairly plausible variability in the nominal interest rate.
https://www.rba.gov.au/publications/rdp/2000/2000-06/model.html

Empirical Results of Stochastic Simulations

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
policy rule (as opposed to the same nominal interest rate) over the forecast horizon. ... The simulations allow nominal interest rates to be negative, even though this cannot occur in practice.).
https://www.rba.gov.au/publications/rdp/2000/2000-06/empirical-results-of-stochastic-simulations.html

Appendix D: Data Definitions and Sources

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
Definition:. GNP-weighted average of the nominal policy interest rate less four-quarter-ended core inflation for the US, Japan, Germany and the UK. ... Source:. Nominal policy interest rates for the US, Japan and the UK – Reserve Bank of Australia
https://www.rba.gov.au/publications/rdp/2000/2000-06/appendix-d.html

Open Economy Inflation Targeting

1 Sep 2000 RDP 2000-06
Chris Ryan and Christopher Thompson
This exchange rate effect works in conjunction with the aggregate demand channel of monetary policy whereby a decrease in interest rates stimulates aggregate demand and increases inflation. ... This rule assumes the partial adjustment of the nominal
https://www.rba.gov.au/publications/rdp/2000/2000-06/open-economy-inflation-targeting.html