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RBA Glossary definition for PPS

PPS – Protected Payments System

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Why Is Wage Growth So Low?

18 Jun 2015 Bulletin – June 2015
David Jacobs and Alexandra Rush
Wage growth has declined markedly in Australia over the past few years. At the same time, stronger growth in labour productivity has worked to contain growth in labour costs. These developments reflect several factors, including spare capacity in
https://www.rba.gov.au/publications/bulletin/2015/jun/2.html

Developments in the Australian Repo Market

15 Sep 2016 Bulletin – September 2016
Chris Becker, Ashley Fang and Jin Cong Wang
The market for repurchase agreements (repos) – where cash is borrowed and lent using securities as collateral – plays an important role in the implementation of monetary policy and as a source of finance for the bond market. The Reserve Bank has
https://www.rba.gov.au/publications/bulletin/2016/sep/5.html

The Distribution of Household Spending in Australia

20 Mar 2014 Bulletin – March 2014
Amy Beech, Rosetta Dollman, Richard Finlay and Gianni La Cava
This article uses household-level data to examine the distribution of spending and saving in Australia and how that has changed over time. The distribution of spending and saving is important as, among other things, it can affect the way that the
https://www.rba.gov.au/publications/bulletin/2014/mar/2.html

Global Foreign Exchange Turnover

10 Mar 2010 Bulletin – March 2010
Crystal Ossolinski and Andrew Zurawski
Bulletin. , November, pp 1–6. Zurawski A and C Ossolinski (2009), ‘An Update on Global Foreign Exchange Turnover’, RBA. ... Bulletin. , August, pp 5–9.
https://www.rba.gov.au/publications/bulletin/2010/mar/7.html

Insights into Low Wage Growth in Australia

16 Mar 2017 Bulletin – March 2017
James Bishop and Natasha Cassidy
Recent low wage growth in Australia appears to be only partly explained by spare capacity in the labour market, the decline in inflation outcomes and the decline in the terms of trade from its 2011 peak. In this article, we present some tentative
https://www.rba.gov.au/publications/bulletin/2017/mar/2.html

Sensitivity of Australian Trade to the Exchange Rate

15 Sep 2016 Bulletin – September 2016
Duke Cole and Samual Nightingale
The exchange rate is an important determinant of Australian exports and imports. Movements in the exchange rate affect the relative prices of traded goods and services, and thus the competitiveness of domestic producers of exports and
https://www.rba.gov.au/publications/bulletin/2016/sep/2.html

The Financial Crisis through the Lens of Foreign Exchange Swap Markets

10 Jun 2010 Bulletin – June 2010
Crystal Ossolinski and Andrew Zurawski
References. Baba N, RN McCauley and S Ramaswamy (2009), ‘US Dollar Money Market Funds and Non-US Banks’, BIS Quarterly Review, March, pp 65–81. ... Bulletin. , June, pp 55–62. CGFS (Committee on the Global Financial System)(2010), ‘The
https://www.rba.gov.au/publications/bulletin/2010/jun/7.html

Interpreting Market Responses to Economic Data

10 Sep 2010 Bulletin – September 2010
Patrick D'Arcy and Emily Poole
Bernanke BS and K Kuttner (2005), ‘What Explains the Stock Market's Reaction to Federal Reserve Policy?’, Journal of Finance, 60(3), pp 1221–1257. ... Jagannathan R, ER McGratten and A Scherbina (2000), ‘The Declining US Equity Premium’,
https://www.rba.gov.au/publications/bulletin/2010/sep/5.html

Developments in Banks' Funding Costs and Lending Rates

16 Mar 2017 Bulletin – March 2017
Belinda Cheung
This article updates previous Reserve Bank research on the ways in which developments in the composition and pricing of banks' debt funding have affected their overall cost of funds and influenced lending rates. Major banks' outstanding funding
https://www.rba.gov.au/publications/bulletin/2017/mar/5.html

The Determinants of Non-tradables Inflation

18 Sep 2014 Bulletin – September 2014
David Jacobs and Thomas Williams
This article examines the factors that explain inflation in prices of non-tradable items in the CPI. Non-tradable goods and services by definition have relatively little exposure to international competition. Consequently, their prices are more
https://www.rba.gov.au/publications/bulletin/2014/sep/4.html