Person

Gianni La Cava

Discussion paper

The distributional effects of monetary policy: evidence from local housing markets

This paper examines how monetary policy affects housing prices across local areas. It also explores three related questions - How differently do housing prices respond to monetary policy across areas? What can explain these differences across areas? Does monetary policy cause changes in the housing...
Discussion paper

The effect of mortgage debt on consumer spending: evidence from household-level data

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.
Discussion paper

Do interest rates affect business investment? Evidence from Australian company-level data

This paper examines the distribution of borrowing rates paid by companies, and the relationship between corporate borrowing rates and fixed capital investment, using a unique hand-collected dataset.
Report

Regional economic performance

The current economic expansion has been broadly-based across the states, with unemployment around multi-decade lows in all states and territories. While growth rates in Western Australia and Queensland have been the highest in the country in recent years, the divergences between the states narrowed somewhat...