Search: macro economy
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macroeconomy?
RBA Glossary definition for macro economy
macro economy – The economy looked at as a whole or in terms of major components measured by aggregates such as gross domestic product, the balance of payments and related links, in the context of the national economy. This contrasts with microeconomics which focuses upon specific firms or industries.
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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
15 Feb 2024
RDP
2024-01
Changing aggregate demand in the economy is an important channel for monetary policy. ... As a contractionary monetary policy shock lowers aggregate demand in the economy, it also lowers the potential future profits of a firm.
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
Conclusion
15 Feb 2024
RDP
2024-01
This has important implications for macroeconomic policy. While such effects are likely to cancel out over a business cycle, the potential for medium-run productivity scarring increases the importance of macro ... As such, monetary policy appears to
https://www.rba.gov.au/publications/rdp/2024/2024-01/conclusion.html
Introduction
15 Feb 2024
RDP
2024-01
And the effects could differ substantially in a small open economy like Australia that typically imports innovation, compared to a large economy like the United States that pushes the technological frontier. ... We find that both are important. We also
https://www.rba.gov.au/publications/rdp/2024/2024-01/introduction.html