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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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Financial Aggregates as Conditioning Information for Australian Output and Inflation

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1997/9704.html

Appendix B: Technical Description of the Conditional Forecasting Exercise

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
This prediction exercise focuses on the covariance between forecast errors of financial aggregates and of real output growth and inflation. ... For the succeeding eight quarters of a given financial aggregate a, we define Ω.
https://www.rba.gov.au/publications/rdp/1997/9704/appendix-b.html

Financial Aggregates as Conditioning Information for Australian Output and Inflation

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
Research Discussion Paper – RDP 9704 Financial Aggregates as Conditioning Information for Australian Output and Inflation.
https://www.rba.gov.au/publications/rdp/1997/9704/

Background

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
RDP 9704: Financial Aggregates as Conditioning Information for Australian Output and Inflation 2. ... We focus on the information content of financial aggregates in Australia in two distinct ways.
https://www.rba.gov.au/publications/rdp/1997/9704/background.html

Appendix A: Data | RDP 9704 Financial Aggregates as Conditioning Information for Australian Output and Inflation

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
RDP 9704: Financial Aggregates as Conditioning Information for Australian Output and Inflation Appendix A: Data. ... Definition:. Bank lending plus lending (including bills discounted) to the private sector by non-bank financial corporations.
https://www.rba.gov.au/publications/rdp/1997/9704/appendix-a.html

Conclusions

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
RDP 9704: Financial Aggregates as Conditioning Information for Australian Output and Inflation 5. ... In general, the financial aggregates become just another set of corroborating information variables.
https://www.rba.gov.au/publications/rdp/1997/9704/conclusions.html

References

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
RDP 9704: Financial Aggregates as Conditioning Information for Australian Output and Inflation References. ... 8903. Tallman, E.W. and N. Chandra (1996), ‘The Information Content of Financial Aggregates in Australia’, Reserve Bank of Australia
https://www.rba.gov.au/publications/rdp/1997/9704/references.html

Introduction

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
RDP 9704: Financial Aggregates as Conditioning Information for Australian Output and Inflation 1. ... To preview the results, we find no evidence that financial-aggregate data improve the fit for inflation.
https://www.rba.gov.au/publications/rdp/1997/9704/introduction.html

The Single-equation Methodology

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
We examine whether past information on financial aggregates is useful for explaining current movements in real output growth or inflation by including four lags of financial aggregate growth in both equations. ... If there is significant contemporaneous
https://www.rba.gov.au/publications/rdp/1997/9704/single-equation-methodology.html

The In-sample Prediction Exercise | RDP 9704 Financial Aggregates as Conditioning Information for Australian Output and Inflation

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
RDP 9704: Financial Aggregates as Conditioning Information for Australian Output and Inflation 3. ... This conditional forecasting exercise hinges on two aspects of financial aggregates in the statistical model:.
https://www.rba.gov.au/publications/rdp/1997/9704/in-sample-prediction-exercise.html