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Bridging the Textbook Gaps on How the RBA Implements a Change to the Cash Rate | Teacher Updates | Education

4 May 2023
Teacher Update Bridging the Textbook Gaps on How the RBA Implements a Change to the Cash Rate. ... Practice differs from theory and there are some gaps in the explanations provided by the typical textbook.
https://www.rba.gov.au/education/resources/teacher-updates/bridging-the-textbook-gaps-on-how-the-rba-implements-monetary-policy/

Readings | Education

22 Mar 2024
A set of slides, explaining the role of the RBA and the monetary policy formation and recent economic trends in Australia
https://www.rba.gov.au/education/teacher-materials/readings/

September | 2018

20 Sep 2018 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2018/sep/

June | 2019

20 Jun 2019 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2019/jun/

2019

8 Feb 2019 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2019/

Related Literature

12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
Overall, they find that Action shocks affect the economy like textbook monetary policy shocks.
https://www.rba.gov.au/publications/rdp/2023/2023-04/related-literature.html
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At a Glance: The Reality of Monetary Policy Implementation | Bridging the Textbook Gaps on How the RBA Implements a Change to the Cash Rate …

9 Mar 2023
What the textbook says. What actually happens. Understanding the implementation of monetary policy. ... Cash rate change. Typical Textbook Analysis. Actual Implementation Process. Central bank changes the quantity of system cash to change the cash rate.
https://www.rba.gov.au/education/resources/teacher-updates/bridging-the-textbook-gaps-on-how-the-rba-implements-monetary-policy/reality-of-monetary-policy-implementation.html

Introduction

6 May 2018 RDP 2018-05
Jonathan Hambur and Gianni La Cava
Modern macroeconomic textbooks typically suggest that there is an inverse relationship between interest rates and business investment (e.g. ... Mankiw 2007; Blanchard 2017). In the textbook description, this inverse relationship is essential to
https://www.rba.gov.au/publications/rdp/2018/2018-05/introduction.html
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Introduction

1 Dec 1988 RDP 8811
Dirk Morris
Download the Paper 826. KB. Traditional textbook theories of monetary policy rely heavily on the Hicksian IS/LM model in which the monetary authorities control an exogenous “money” stock in implementing ... Indeed, it is argued in this paper that
https://www.rba.gov.au/publications/rdp/1988/8811/introduction.html
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Monetarism: An Interpretation and Assessment

1 Dec 1980 RDP 8009
David Laidler
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1980/8009.html