We examine the effects of three facets of monetary policy in Australia using high-frequency yield changes around RBA announcements: current policy; signalling/forward guidance; and changes in premia. Shocks to current policy have similar effects to those identified using conventional approaches,...

This paper documents the evolution of firm mark-ups in the Australian economy using a large and representative database derived from administrative tax data. I find that mark-ups have increased by around 5 per cent since the mid-2000s, which is less than previously documented for Australia, and...

Wages growth in Australia was lower than expected prior to COVID-19 based on historical determinants. One possible explanation for this is that employment had become more concentrated among a small number of large employers. This reduced outside options for workers and lowered their bargaining...