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Windsor, Callan; Jääskelä, Jarkko; Finlay, Richard - Reserve Bank of Australia - 2013

This paper explores the positive relationship betwen home prices and household spending by following a panel of Australian households over the period 2003 to 2010. There are three hypotheses put forth in the literature to explain this relationship: (1) increases in home prices raise spending via...

Persistent link: https://www.econbiz.de/10010635598

Housing and Housing Finance: The View from Australia and Beyond

Ellis, Luci - Reserve Bank of Australia - 2006

This paper draws together themes from work at the RBA, other national central banks, the BIS and elsewhere on recent developments in housing and housing finance. The general conclusion is that financial and macroeconomic developments have increased the demand for the stock of housing. Because...

Persistent link: https://www.econbiz.de/10005426714

Property Owners in Australia: A Snapshot

Kohler, Marion; Rossiter, Anthony - Reserve Bank of Australia - 2005

Property represents more than half of all household assets in Australia and its share has been rising in recent years. Since most property purchases require debt financing because of the size of the purchase, property makes up a large part of both sides of households’ balance sheets. This...

Persistent link: https://www.econbiz.de/10005423574

Consumption and Wealth

Tan, Alvin; Voss, Graham - Reserve Bank of Australia - 2000

Two remarkable features of the Australian economy over recent years have been strong growth in private consumption … expenditure and household wealth. This paper examines the relationship between consumption and wealth in an effort to better … understand aggregate consumption behaviour. We find a reasonably robust steady-state relationship between non …

Persistent link: https://www.econbiz.de/10005423536

Housing Wealth, Stock Market Wealth and Consumption: A Panel Analysis for Australia

Dvornak, Nikola; Kohler, Marion - Reserve Bank of Australia - 2003

This paper addresses the question of how changes in stock market wealth and housing wealth affect consumption … stock market wealth. We estimate the link between consumption and the components of wealth using panel-data estimation … housing wealth and stock market wealth have a significant effect on Australian consumption. We estimate that a permanent …

Persistent link: https://www.econbiz.de/10005426749

The role of credit supply in the Australian economy

Jacobs, David; Rayner, Vanessa - 2012

Persistent link: https://www.econbiz.de/10009551457

The Role of Credit Supply in the Australian Economy

Jacobs, David; Rayner, Vanessa - Reserve Bank of Australia - 2012

Historical experience shows that disruptions in credit markets can have a material impact on activity and inflation. However, it is hard to measure such effects owing to the difficulty in isolating credit supply shocks. This paper employs survey data to identify the impact of credit supply...

Persistent link: https://www.econbiz.de/10010990950

Australia's Prosperous 2000s: Housing and the Mining Boom

Kearns, Jonathan; Lowe, Philip - Reserve Bank of Australia - 2011

The 2000s was a particularly eventful decade for both the international and Australian economies. There were: two recessions in many countries; the largest international financial crisis since the Great Depression; the ongoing rapid development of Asia; asset booms and busts; and, Australia...

Persistent link: https://www.econbiz.de/10009393020

A Small Model of the Australian Macroeconomy

Beechey, Meredith; Bharucha, Nargis; Cagliarini, Adam; … - Reserve Bank of Australia - 2000

This paper presents a small model of the Australian macroeconomy. The model is empirically based, aggregate in nature and consists of five estimated equations – for non-farm output, the real exchange rate, import prices, unit labour costs and consumer prices. The stylised facts underlying each...

Persistent link: https://www.econbiz.de/10005125144

Real-time National Accounts Data

Stone, Andrew; Wardrop, Sharon - Reserve Bank of Australia - 2002

Quarterly national accounts data are amongst the most important and eagerly awaited economic information available, with estimates of recent growth regarded as a key summary indicator of the current health of the Australian economy. Official estimates of quarterly output are, however, subject to...

Persistent link: https://www.econbiz.de/10005125145

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