Search: inflation target
RBA Glossary definition for inflation target
inflation target – A tool to guide monetary policy expressed as a preferred range or figure for the rate of increase in prices over a period. In Australia, the inflation target is between 2 and 3 per cent per annum on average over the course of the business cycle.
RBA Glossary definition for inflation
inflation – A measure of the change (increase) in the general level of prices.
Search Results
The Slowdown in US Productivity Growth: Breaks and Beliefs
1 Oct 2016
RDP
2016-08
For a given inflation target, this implies a lower neutral nominal interest rate. ... As the central bank's inflation target remains constant, the steady-state nominal interest rate also falls.
https://www.rba.gov.au/publications/rdp/2016/2016-08/full.html
Appendix F: Including Multiple Observed Wage Series in Estimation
23 Nov 2016
RDP
2016-08
To understand why the inclusion of earnings lowers the estimated inflation target, consider the following decomposition of the growth of nominal wages:. ... is the steady-state inflation target,. is the growth rate of the deviation of nominal wages from
https://www.rba.gov.au/publications/rdp/2016/2016-08/appendix-f.html
Appendix C: Additional Estimation Results
23 Nov 2016
RDP
2016-08
4.00. 1.00. 4.57. 4.53. 3.45. 5.80. ϕ. π. Reaction inflation. N. ... IG. 0.10. 1.00. 0.05. 0.05. 0.03. 0.08. 100. Std dev inflation target.
https://www.rba.gov.au/publications/rdp/2016/2016-08/appendix-c.html
Model
23 Nov 2016
RDP
2016-08
In the figure, the lines labelled ‘stochastic’ represent the stochastic simulation of GDP, consumption, investment and real wages growth as well as inflation and interest rates. ... As the central bank's inflation target remains constant, the
https://www.rba.gov.au/publications/rdp/2016/2016-08/model.html
Appendix B: Model Equations
23 Nov 2016
RDP
2016-08
Inflation target shock. ... Year-ended inflation.
https://www.rba.gov.au/publications/rdp/2016/2016-08/appendix-b.html
Introduction
23 Nov 2016
RDP
2016-08
For a given inflation target, this implies a lower neutral nominal interest rate.
https://www.rba.gov.au/publications/rdp/2016/2016-08/introduction.html
Implications of Lower Productivity Growth
23 Nov 2016
RDP
2016-08
The lines marked ‘actual’ show the actual paths of GDP, consumption, investment, real wages, inflation and interest rates since the mid 1960s. ... For a given inflation target, this implies a lower neutral nominal interest rate.
https://www.rba.gov.au/publications/rdp/2016/2016-08/implications-of-lower-productivity-growth.html