Search: inflation target

Sort by: Relevance Date
1–3 of 3 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

Appendix B: The Linearised Model

9 Dec 2008 RDP 2008-07
Jarkko Jääskelä and Kristoffer Nimark
and. denote the current perceived inflation target, firms' real marginal costs, and the time-varying shocks to the desired mark-ups in sector s, respectively. ... Parameters ρ. π. , β, ξ. s. and κ. s. are the persistence of the inflation target shock
https://www.rba.gov.au/publications/rdp/2008/2008-07/appendix-b.html

The Model – Main Features

9 Dec 2008 RDP 2008-07
Jarkko Jääskelä and Kristoffer Nimark
is the perceived inflation target. Throughout the paper, a hat (ˆ) denotes log-linearised variables. ... from the perceived medium-term inflation target. , lagged output. , the lagged real exchange rate. ,
https://www.rba.gov.au/publications/rdp/2008/2008-07/mod-main-features.html

Empirical Results

9 Dec 2008 RDP 2008-07
Jarkko Jääskelä and Kristoffer Nimark
c. ), and the persistence of the medium-run inflation target (ρ. ... After about seven quarters though, the response of inflation is positive and quite persistently so.
https://www.rba.gov.au/publications/rdp/2008/2008-07/emp-results.html