Add to ORKGHas Australia’s shift to an inflation-targeting monetary policy regime had a significant impact on investors ’ perception of interest-rate risks in the market? We find that since 1990, unanticipated adjustments to monetary policy have had a significantly larger impact on the term premium. This coincides with Australia’s adoption of an inflation-targeting monetary policy. Since its implementation, unanticipated adjustments have conveyed more information to financial markets regarding the interest-rate risks in the economy. This new information is immediately assessed and accounted for in the term structure, consequently influencing the term premium in the direction of the unanticipated cash rate adjustment. Keywords: UNANTICIPATED MONETARY P...
One advantage cited for formal inflation targeting is that by anchoring inflationary expectations th...
It is important for both the monetary policy makers and investors to understand the impact of moneta...
We estimate the effect of shifts in monetary policy using the term structure of interest rates. In o...
Theoretical thesis.Bibliography: pages 149-157.Chapter 1. Introduction -- Chapter 2. Tests of the un...
This paper examines the Australian interest rate futures market reaction to changes in Reserve Bank ...
This paper examines a link in the Australian monetary transmission mechanism based on the risk struc...
Owing to the discrete disclosure practices of the Reserve Bank of Australia, this paper provides new...
Research Doctorate - Doctor of Philosophy (PhD)Monetary policy is a key tool for regulating the econ...
Unlike US and Continental European jurisdictions, Australian monetary policy announcements are not f...
In January 1990, the Reserve Bank of Australia (RBA) began announcing and explaining changes in the ...
We analyze an estimated stochastic general equilibrium model that replicates key macroeconomic and f...
This dissertation aims to contribute to our understanding of the dynamics of interest rates, monetar...
The purpose of this paper is to examine the impact of interest rate changes on the performance of UK...
This study explores the role of monetary policy rules and central bank actions originating from such...
This study examines the response of Australian interest rate swap spreads to the arrival of macroeco...
One advantage cited for formal inflation targeting is that by anchoring inflationary expectations th...
It is important for both the monetary policy makers and investors to understand the impact of moneta...
We estimate the effect of shifts in monetary policy using the term structure of interest rates. In o...
Theoretical thesis.Bibliography: pages 149-157.Chapter 1. Introduction -- Chapter 2. Tests of the un...
This paper examines the Australian interest rate futures market reaction to changes in Reserve Bank ...
This paper examines a link in the Australian monetary transmission mechanism based on the risk struc...
Owing to the discrete disclosure practices of the Reserve Bank of Australia, this paper provides new...
Research Doctorate - Doctor of Philosophy (PhD)Monetary policy is a key tool for regulating the econ...
Unlike US and Continental European jurisdictions, Australian monetary policy announcements are not f...
In January 1990, the Reserve Bank of Australia (RBA) began announcing and explaining changes in the ...
We analyze an estimated stochastic general equilibrium model that replicates key macroeconomic and f...
This dissertation aims to contribute to our understanding of the dynamics of interest rates, monetar...
The purpose of this paper is to examine the impact of interest rate changes on the performance of UK...
This study explores the role of monetary policy rules and central bank actions originating from such...
This study examines the response of Australian interest rate swap spreads to the arrival of macroeco...
One advantage cited for formal inflation targeting is that by anchoring inflationary expectations th...
It is important for both the monetary policy makers and investors to understand the impact of moneta...
We estimate the effect of shifts in monetary policy using the term structure of interest rates. In o...