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1–5 of 5 collapsed search results for 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

Inflation Convergence

31 Dec 2004 RDP 2004-04
Markus Hyvonen
They initially produce results suggesting benefits from inflation targeting, namely that the seven OECD countries that adopted inflation targets experienced larger falls in inflation than the thirteen OECD countries that did ... Countries that did not
https://www.rba.gov.au/publications/rdp/2004/2004-04/inflation-convergence.html

References

31 Dec 2004 RDP 2004-04
Markus Hyvonen
Carare A and MR Stone (2003), ‘Inflation targeting regimes’, IMF Working Paper No 03/9. ... King M (1997), ‘The inflation target five years on’, Bank of England Quarterly Bulletin, 37(4), pp 434–442.
https://www.rba.gov.au/publications/rdp/2004/2004-04/references.html

Introduction

31 Dec 2004 RDP 2004-04
Markus Hyvonen
countries adopted formal inflation targets as the benchmark for policy, and the Economic and Monetary Union (EMU) convergence process provided similar policies in continental Europe. ... A number of authors (including King 1997; Brooks 1998; Bernanke et
https://www.rba.gov.au/publications/rdp/2004/2004-04/introduction.html

How Pervasive is Inflation Convergence?

31 Dec 2004 RDP 2004-04
Markus Hyvonen
a) Adoption of inflation targets for inflation-targeting countries. Figure 3: OECD Countries – Average Inflation and Change in Average Inflation. ... The last sub-period finishes in June quarter 1993 for non-inflation-targeting countries, and at the
https://www.rba.gov.au/publications/rdp/2004/2004-04/how-pervasive-is-inflation-convergence.html

Policy as an Explanation for Inflation Convergence

31 Dec 2004 RDP 2004-04
Markus Hyvonen
While the other 13 countries have not announced a formal inflation target, or were not inflation targeters until very late in the decade, a number of authors argue that they conduct ... monetary policy as if they had an ‘inflation target in mind’
https://www.rba.gov.au/publications/rdp/2004/2004-04/policy-as-an-explanation-for-inflation-convergence.html