Search: financial aggregates
RBA Glossary definition for financial aggregates
financial aggregates – A Reserve Bank of Australia data series specifying measures of the supply of money and credit. It includes some or all of: currency on issue; current deposits with banks; other deposits of the private non-bank sector with banks; borrowings from the private sector by non-bank depository corporations; and credit (loans, advances and bills discounted to the private sector).
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The Information Content of Financial Aggregates in Australia
1 Nov 1996
RDP
9606
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1996/9606.html
The Information Content of Financial Aggregates in Australia
1 Nov 1996
RDP
9606
Research Discussion Paper β RDP 9606 The Information Content of Financial Aggregates in Australia.
https://www.rba.gov.au/publications/rdp/1996/9606/
Introduction
1 Nov 1996
RDP
9606
This paper addresses the question of the usefulness of financial aggregate measures in policymaking by proposing a minimal standard on the information value of financial aggregates. ... Initially, the financial aggregates are investigated in bivariate
https://www.rba.gov.au/publications/rdp/1996/9606/introduction.html
Appendix B: Detailed Out-Of-Sample Results
1 Nov 1996
RDP
9606
RDP 9606: The Information Content of Financial Aggregates in Australia Appendix B: Detailed Out-Of-Sample Results. ... relative to the root mean square error of the forecast of inflation in the corresponding model without the financial aggregate.
https://www.rba.gov.au/publications/rdp/1996/9606/appendix-b.html
References
1 Nov 1996
RDP
9606
RDP 9606: The Information Content of Financial Aggregates in Australia References. ... 9208. Bullock, M., D. Morris and G. Stevens (1989), βThe Relationship between Financial Indicators and Activity: 1968β1987β, in I.
https://www.rba.gov.au/publications/rdp/1996/9606/references.html
Data
1 Nov 1996
RDP
9606
Download the Paper 279. KB. The data sample consists of quarterly data on four financial aggregates (specifically, currency, M3, broad money, and credit of all financial intermediaries). ... Figures 1 and 2 compare the movements in the growth rate of the
https://www.rba.gov.au/publications/rdp/1996/9606/data.html
Appendix A: Data
1 Nov 1996
RDP
9606
RDP 9606: The Information Content of Financial Aggregates in Australia Appendix A: Data. ... Source:. Reserve Bank of Australia Bulletin. Lending by All Financial Intermediaries (Credit, CR).
https://www.rba.gov.au/publications/rdp/1996/9606/appendix-a.html
Literature Survey
1 Nov 1996
RDP
9606
There has been considerable interest in Australia about the relationship between financial aggregates and price and output variables. ... Thus, the researchers test for cointegration among candidate measures of prices, output, financial aggregates and
https://www.rba.gov.au/publications/rdp/1996/9606/literature-survey.html
Empirical Methods
1 Nov 1996
RDP
9606
Placing the financial aggregate second in the ordering allows innovations in the equation for financial aggregates to affect contemporaneously inflation and real output growth. ... The interest rate variable is observable more frequently than financial
https://www.rba.gov.au/publications/rdp/1996/9606/empirical-methods.html
Discussion of Results
1 Nov 1996
RDP
9606
For the full sample, the placement of the financial aggregate in the causal ordering is crucial to the findings of significance. ... On the other hand, the out-of-sample results suggest that some of the financial aggregates may improve the prediction of
https://www.rba.gov.au/publications/rdp/1996/9606/discussion-of-results.html