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Trends in the Funding and Lending Behaviour of Australian Banks

Stewart, Chris; Robertson, Benn; Heath, Alexandra - Reserve Bank of Australia - 2013

This paper describes the Australian banking system, highlighting ways in which it differs from other major banking systems. It draws together themes from previous work conducted at the Reserve Bank of Australia (RBA), and outlines the role the banking system plays in the transmission of monetary...

Persistent link: https://www.econbiz.de/10010815233

Currency Crises and Macroeconomic Performance

Gower, Luke; Krause, Alan - Reserve Bank of Australia - 2002

inflation. It identifies some of the characteristics shared by countries which have suffered falling output in the aftermath of …

Persistent link: https://www.econbiz.de/10005423613

How Should Monetary Policy Respond to Asset-price Bubbles?

Gruen, David; Plumb, Michael; Stone, Andrew - Reserve Bank of Australia - 2003

We present a simple model of the macroeconomy that includes a role for an asset-price bubble, and derive optimal monetary policy settings for two policy-makers. The first policy-maker, a sceptic, does not attempt to forecast the future possible paths for the asset-price bubble when setting...

Persistent link: https://www.econbiz.de/10005426693

Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness

Cagliarini, Adam; Robinson, Tim; Tran, Allen - Reserve Bank of Australia - 2010

prices are indexed to past inflation. These problems arise because of a type of misspecification and a lack of suitable …

Persistent link: https://www.econbiz.de/10008565770

Understanding the Flattening Phillips Curve

Kuttner, Ken; Robinson, Tim - Reserve Bank of Australia - 2008

include that a positive output gap would be less inflationary, but the cost of reducing inflation, once established, would …

Persistent link: https://www.econbiz.de/10005232576

The Evolution of Payment Costs in Australia

Stewart, Chris; Chan, Iris; Ossolinski, Crystal; … - Reserve Bank of Australia - 2014

This paper examines the costs borne by financial institutions, merchants, and consumers in making, facilitating and accepting consumer-to-business payments. It examines the resource costs incurred by these sectors, how these have changed since 2006, and how fees and other transfers determine...

Persistent link: https://www.econbiz.de/10011094097

The Smoothing of Official Interest Rates

Lowe, Philip; Ellis, Luci - Reserve Bank of Australia

Persistent link: https://www.econbiz.de/10005423459

The Implications of Uncertainty for Monetary Policy

Shuetrim, Geoffrey; Thompson, Christopher - Reserve Bank of Australia - 1999

uncertainty for optimal monetary policy. Optimal policy responses are derived for a monetary authority that targets inflation and …

Persistent link: https://www.econbiz.de/10005426695

Currency Misalignments and Optimal Monetary Policy: A Re-examination

Engel, Charles - Reserve Bank of Australia - 2009

misalignments are shown to be inefficient and lower world welfare. Also, optimal policy must target not only inflation and the … rule involves only the CPI inflation rate. This result illustrates how examination of ‘instrument rules’ may hide important … rationale for targeting CPI inflation, rather than producer price inflation as in Clarida, Galí and Gertler. …

Persistent link: https://www.econbiz.de/10005426720

Discussion of 'The Smoothing of Official Interest Rates'

Lindsey, David E - Reserve Bank of Australia

Persistent link: https://www.econbiz.de/10005577172