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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/

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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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/

Recession | Explainer | Education

4 May 2023
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/recession.html

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

11 Oct 2022 RDP 2022-04
Matthew Read
shocks. Interestingly, conventional macroeconomic theory also does not rule out this non-response; in the textbook New Keynesian model (e.g.
https://www.rba.gov.au/publications/rdp/2022/2022-04/introduction.html
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Why Are Investment Hurdle Rates So Sticky?

9 Dec 2021 Bulletin – December 2021
Henry Edwards and Kevin Lane
Firms commonly evaluate potential investment projects by comparing expected returns to a hurdle rate.
https://www.rba.gov.au/publications/bulletin/2021/dec/why-are-investment-hurdle-rates-so-sticky.html

Is the Phillips Curve Still a Curve? Evidence from the Regions

31 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
Indeed, Phillips's (1958) original paper, as well as many introductory textbooks, show the relationship with a steeper slope when the unemployment rate is low and a flatter slope when the
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html
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Non-technical summary for ‘Job Loss, Subjective Expectations and Household Spending’

18 Aug 2021 RDP 2021-08
Gabrielle Penrose and Gianni La Cava
This is inconsistent with standard textbook models of household spending, but consistent with empirical research from other advanced economies.
https://www.rba.gov.au/publications/rdp/2021/2021-08/non-technical-summary.html

Monetary Policy During COVID

6 May 2021 Speech
Guy Debelle
Speech delivered by Guy Debelle, Deputy Governor, Shann Memorial Lecture, Perth
https://www.rba.gov.au/speeches/2021/sp-dg-2021-05-06.html