Research Discussion Paper – RDP 9503 Monetary Policy Goals for Inflation in Australia


This paper was prepared for a conference on Inflation Targeting, held at the Bank of England, 9–10 March 1995. The opinions expressed here are those of the authors and should not be attributed to the Reserve Bank of Australia. We are indebted to a number of colleagues for helpful discussion, particularly Palle Andersen, David Gruen, Philip Lowe and Jenny Wilkinson. We also thank John Simon for excellent assistance with computing.