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
A Factor Model Analysis of the Effects of Inflation Targeting on the Australian Economy | Conference – 2018
12 Apr 2018
Conferences
index (CPI) inflation in Australia around the numerical target range of 2–3 per cent introduced by the Reserve Bank of Australia (RBA) in 1993 (Stevens 1999). ... The CPI stabilises at a lower level, making it clear that the RBA targets inflation, not
https://www.rba.gov.au/publications/confs/2018/hartigan-morley.html
Wrap-up Panel Discussion
27 Nov 2023
Conferences
PDF
144KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-panel-discussion.pdf
Financial-asset Prices and Monetary Policy: Theory and Evidence | Conference – 1997
21 Jul 1997
Conferences
Using an MCI is beneficial in terms of practicality and because it contributes to transparency about how the central bank intends to achieve its announced inflation target. ... the inflation target and. the current output gap. This target rule is a
https://www.rba.gov.au/publications/confs/1997/smets.html
What Caused the Decline in US Business Cycle Volatility? | Conference – 2005
11 Jul 2005
Conferences
Inertia is conveyed by a series of lags on the inflation rate (p. ... its target for the inflation rate (p. ), the current and lagged deviations of the actual inflation rate from the inflation target, and current and lagged levels of the output gap.
https://www.rba.gov.au/publications/confs/2005/gordon.html
Discussion on Strategies for Controlling Inflation | Conference – 1997
21 Jul 1997
Conferences
statement endorsing the inflation target and specifying that monetary policy will be directed toward that end. ... One possibility may be to shift the incentive structure for central banks, by defining the inflation target in terms of domestic underlying
https://www.rba.gov.au/publications/confs/1997/felman-disc.html
Introduction to Monetary Policy and Inflation Targeting
7 Dec 2006
Conferences
PDF
20KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/intro-97.pdf
Discussion on A Snapshot of Inflation Targeting in its Adolescence | Conference – 2004
9 Aug 2004
Conferences
Orphanides and Williams (2003a, 2003b) illustrate the potential role played by an explicit inflation target in anchoring expectations using a model in which the public must otherwise infer the central ... In this model, successful communication of an
https://www.rba.gov.au/publications/confs/2004/kuttner-disc.html
Monetary and Macroprudential Policies: The Case for a Separation of Powers | Conference – 2018
12 Apr 2018
Conferences
The MPC's primary target is inflation, as measured by the rate of change of the Consumer Prices Index (CPI). ... In addition, the MPC's remit involves a secondary objective, subject to the primary inflation target, to stabilise the real economy.
https://www.rba.gov.au/publications/confs/2018/broadbent.html
The Australian Government's Current Approach to Monetary Policy: An Evaluation
7 Dec 2006
Conferences
PDF
70KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/stemp.pdf
Monetary Targeting: The International Experience | Conference – 1989
20 Jun 1989
Conferences
The first concerns the choice of target, and specifically the choice between inflation and nominal income targets. ... It is concluded that nominal income targeting produces lower output variability than an inflation target, but has an ambiguous effect
https://www.rba.gov.au/publications/confs/1989/edey.html