Reserve Bank of Australia

Owning Institution:
Discussion paper

Macrofinancial stress testing on Australian banks

This paper outlines how the Reserve Bank of Australia’s bank stress testing model works. It also shows how the model was useful in a real-world crisis, at the onset of the COVID-19 pandemic.
Discussion paper

The yield and market function effects of the Reserve Bank of Australia’s bond purchases

In this paper, the authors examine the effect on government bond yields of three Reserve Bank of Australia policy measures implemented following the onset of the COVID-19 pandemic. They also assess the impact of the three measures on government bond market functioning.
Discussion paper

Smells like animal spirits: the effect of corporate sentiment on investment

Company-level investment is very sensitive to changes in the new sentiment indicator, even controlling for fundamentals, such as current and expected profits, as well as measures of company-level uncertainty. This paper explores the mechanisms that link investment to sentiment.
Discussion paper

The rise in household liquidity

This paper explores the determinants of liquidity across households and over time, using a range of household surveys for Australia. The authors find that household liquidity is strongly associated with life cycle factors, such as age and housing tenure.
Discussion paper

What is driving participation and diversity trends in economics? A survey of high school students

There has been a stark decline in the size and diversity of the Year 12 Economics student population in Australia since the early 1990s. This paper addresses 3 key questions to uncover what is driving these trends at Australia's high schools.