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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.

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Introduction

2 Jan 2009 RDP 2008-10
Adam Cagliarini and Mariano Kulish
Take, for instance, the case of Chile with respect to announcements regarding inflation targets. ... For example, the first inflation target was announced in September 1990 for the 12 months of 1991; later, in September 1999, the central bank announced a
https://www.rba.gov.au/publications/rdp/2008/2008-10/introduction.html

Numerical Examples

2 Jan 2009 RDP 2008-10
Adam Cagliarini and Mariano Kulish
Parameter. Description. Value. π. Inflation target. 0.0125. β. Household's discount factor. ... the central bank announces that it will implement a lower inflation target from period 8 onwards.
https://www.rba.gov.au/publications/rdp/2008/2008-10/numerical-examples.html

References

2 Jan 2009 RDP 2008-10
Adam Cagliarini and Mariano Kulish
Ireland PN (2007), ‘Changes in the Federal Reserve's Inflation Target: Causes and Consequences’, Journal of Money, Credit and Banking, 39(8), pp 1851–1882. ... Morandé F and K Schmidt-Hebbel (2000), ‘Monetary Policy and Inflation Targeting in
https://www.rba.gov.au/publications/rdp/2008/2008-10/references.html