The Central Bank (RBA) carries out monetary policy with the aim of protecting the value of Australia money by keeping inflation low and stable. Monetary policy is implemented mainly through changes in the cash rate, which influence other interest rates and affect the level of spending and economic activity in the country. Nevertheless, changes to the cash rate do not immediately affect the economy in a manner that is readily predictable. The transmission mechanism of …
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showed last 75 words of 4565 total
…United Nations Institute for Training and Research (UNITAR). 112 pp. Taylor, J.R. 1982. An Introduction to error analysis: the study of uncertainties in physical measurements. Mill Valley, CA: University Science Books. 270 pp. Peter Isard, Douglas Laxton, and Ann-Charlotte Eliasson. (1999). Simple Monetary Rules Under Model Uncertainty, IMF Working Paper Reserve Bank of Australia. [Online] Available: http://www.rba.gov.au/MonetaryPolicy/about_monetary_policy.html [2002, April 05]. Central Bank of Canada. [Online] Available: http://www.bankofcanada.ca [2002, April 05].