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
Robustness Exercises
3 Jan 2023
RDP
2022-09
One concern with this sample period is that it includes a change in the monetary policy regime; the RBA began to target consumer price inflation in the early-to-mid 1990s. ... Footnotes. Estimating the model in first differences using the
https://www.rba.gov.au/publications/rdp/2022/2022-09/robustness-exercises.html
See 5 more results from "RDP 2022-09"
The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
8 Jun 2023
RDP
PDF
1310KB
due to high inflation, this paper provides a retrospective assessment of the effect of low interest. ... inflation. , 1i tX are bank-level controls that include deposits over total liabilities, the liquidity ratio.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-05.pdf
Empirical Analysis
25 Sep 2015
RDP
2015-11
We set the central bank's inflation target, , to an annual rate of 2.5 per cent. ... 0.70. Domestic inflation target. 1.0062. Foreign inflation target. 1.0055. θ. N.
https://www.rba.gov.au/publications/rdp/2015/2015-11/empirical-analysis.html
See 13 more results from "RDP 2015-11"
Estimating Inflation Expectations with a Limited Number of Inflation-indexed Bonds
8 Mar 2011
RDP
PDF
479KB
Inflation expectations may also indicate over what horizon individualsbelieve that a central bank will achieve its inflation target, if at all. ... We note thatthe estimate of ρ0, the steady-state inflation rate in our model, is 2.6 per cent,which is
https://www.rba.gov.au/publications/rdp/2011/pdf/rdp2011-01.pdf
Disagreement about Inflation Expectations
12 May 2016
RDP
PDF
1105KB
perceptions of the credibility of the central bank’s inflation target. Previous research has found that. ... Figure 3). As discussed in the introduction, one justification for relatively low inflation targets is that low.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-02.pdf
The Implementation of Monetary Policy in Australia
1 Dec 2009
RDP
PDF
190KB
Over the period in which changes in the target rate have been announced,. ... Certainly, one can buildsimple models which predict that a central bank with an inflation target will deliveruncorrelated interest-rate changes.
https://www.rba.gov.au/publications/rdp/1997/pdf/rdp9703.pdf
Credit Spreads, Monetary Policy and the Price Puzzle
23 Jan 2020
RDP
PDF
1959KB
If the Board changes the cash rate for reasons other than achieving its inflation target, these changes can be used as instruments for policy shocks with regard to inflation. ... 14 The Bank arguably targets inflation at much longer horizons than two
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-01.pdf
The Well-meaning Economist
1 Sep 2019
RDP
2019-08
Indeed, some approaches to estimation already target different quasilinear means, just not deliberately. ... Similar observations have been made elsewhere in the literature. In particular, others point out that some existing estimation methods target
https://www.rba.gov.au/publications/rdp/2019/2019-08/full.html
See 7 more results from "RDP 2019-08"
Implications for the Australian Economy of Strong Growth in Asia
22 Mar 2013
RDP
2013-03
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2013/2013-03.html
See 4 more results from "RDP 2013-03"
Explaining Monetary Spillovers: The Matrix Reloaded
1 Apr 2019
RDP
2019-03
Kose, Otrok and Whiteman 2003; Baxter and Kouparitsas 2005) and/or inflation dynamics (e.g. ... Table 3: The Baseline Spillover Regression. Target. Path. Premium. 10-year. US Treasury yield.
https://www.rba.gov.au/publications/rdp/2019/2019-03/full.html
See 8 more results from "RDP 2019-03"