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Connolly, Ellis

Works: 7 works in 21 publications in 1 language and 70 library holdings
Roles: Author
Publication Timeline
Publications about Ellis Connolly
Publications by Ellis Connolly
Most widely held works by Ellis Connolly
The effect of the Australian superannuation guarantee on household saving behaviour by Ellis Connolly( Book )
4 editions published in 2007 in English and held by 19 libraries worldwide
Individual pension accounts are growing in importance as a pillar of retirement incomes policy in the developed world. Policy-makers have generally assumed that by introducing pre-funded pension schemes, they can increase household wealth and thereby raise retirement incomes. However, there has been relatively little empirical work to confirm this. This paper focuses on the effect of Australia's system of compulsory pension accounts, the "Superannuation Guarantee", on household saving behaviour. Microeconomic data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey, are used to explore three related questions:i. Have compulsory pension accounts increased household wealth? ii. What effect do compulsory pension accounts have on voluntary saving for retirement?iii. Do compulsory pension accounts influence the timing of retirement?. This paper finds that Australia's compulsory pension accounts increased household wealth. Voluntary saving for retirement in pension accounts also appeared to increase slightly, possibly due to the added convenience of being able to make contributions directly into these pension accounts. Finally, there is no evidence of a significant effect on retirement intentions. Overall, the results suggest that Australia's compulsory pension accounts have increased household wealth and raised self-funded retirement incomes
News and interest rate expectations : a study of six central banks by Ellis Connolly( Book )
4 editions published in 2004 in English and held by 13 libraries worldwide
In this paper we analyse the effect of news relating to the expected path of monetary policy on interest rate futures. Central banks' transparency is in most respects much greater than it was a decade ago, and so central bank communication needs to be included as a potential source of news. We therefore consider four types of news: macroeconomic news, overseas news, monetary policy surprises and central bank communication. The effect of these types of news on daily changes in interest rate futures is estimated using an EGARCH model for a panel of six economies. We find that interest rate expectations respond to both macroeconomic and policy news, although the response to macroeconomic news is larger, especially once we include foreign news. Overall, the results suggest that the impact of the RBA's communication policy is in line with other major central banks, and significantly influences (and informs) expectations of future monetary policy
The impact of superannuation on household saving by Ellis Connolly( Book )
4 editions published in 2004 in English and held by 12 libraries worldwide
Over the last 20 years superannuation has grown to be the second largest component of household wealth in Australia after ownership of dwellings. This paper analyses the impact on household saving behaviour of the substantial rise in compulsory contributions to superannuation funds. Our analysis takes account of other macroeconomic developments that are likely to have had a strong influence on the household saving rate over this period, especially the financial deregulation of the 1980s and the unprecedented increase in the value of household wealth in the 1990s
What do financial market data tell us about monetary policy transparency? by Jonathan Coppel( Book )
3 editions published in 2003 in English and held by 10 libraries worldwide
This paper attempts to discern from financial market data the impact of greater monetary policy transparency over the period since the late 1980s. We examine whether interest rate variability has changed, the degree to which financial markets anticipate policy moves and movements in the yield curve at the time of changes in monetary policy. Where possible, we compare the results for Australia with other countries. We find that interest rate volatility at the short end has fallen dramatically since the late 1980s. The extent to which market participants anticipate changes in the policy rate has gradually risen, as has the speed of reaction to interest rate announcements. Since the late 1990s, bill futures contract prices have responded to the Reserve Bank of Australia's (RBA) commentaries on the economy. These results are consistent with an increase in the efficiency with which the market digests economic news. The results are quite similar across countries, and it is difficult to isolate from cross-country data any specific preferred model of monetary policy transparency
The mining industry : from bust to boom by Ellis Connolly( Book )
3 editions published in 2011 in English and held by 8 libraries worldwide
The impact of high-tech capital on productivity : evidence from Australia by Ellis Connolly( Book )
2 editions published in 2003 in English and held by 7 libraries worldwide
News and interest rate expectations : a study of six central banks ( Computer File )
1 edition published in 2004 in English and held by 1 library worldwide
English (21)
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