Buoyant Economies

RBA Email 7 March 2008

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From: RBAInfo [mailto:RBAInfo@rba.gov.au]
Sent: Friday, 7 March 2008 11:55 AM
To: Harkness, Leigh
Subject: Forecast inflation

Dear Leigh,
We haven't found monetary models to be particularly informative for inflation over our forecast horizon.  
 As for the relationship between new lending and outstanding credit, a recent example of our work in this area, examining borrowing for housing only, was published in a Bulletin article last year - see http://www.rba.gov.au/PublicationsAndResearch/Bulletin/bu_jul07/loan_app_repay_house_cr_growth.html  
I hope this helps.

Yours sincerely,

John Pick                      
Manager Media Office           
Information Department
Reserve Bank of Australia


The first sentence in the above email was written in response to the following graph.



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