This paper introduces MARTIN – the Reserve Bank of Australia's current model of the Australian economy. MARTIN is an economy-wide model used to produce forecasts and conduct counterfactual scenario analysis.

This paper explores the relationship between owner-occupier mortgage debt and spending using detailed panel data on Australian households. It finds evidence consistent with a ‘debt overhang effect’ – households cut back on their spending when they have higher levels of outstanding mortgage debt.

This paper presents stylised facts about the historical Australian equity market, drawn from a new hand-collected unit record dataset on listed companies from 1917 to 1979.

Using monetary policy shocks for 7 advanced economy central banks, measured at high frequency, this paper documents the strength and characteristics of interest rate spillovers to 47 advanced and emerging market economies.

This paper concludes that trends in unionisation rates are unlikely to have contributed materially to the decline in wages growth in recent years. It is important to note that this conclusion is limited to only the most direct channel in which unions influence wages - taking part in enterprise-level bargaining. It does not account for...