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.
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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
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
3 Jan 2023
RDP
2022-09
information. For example, rather than assuming that inflation does not respond within the quarter to a change in the policy rate (a zero restriction), we might assume that inflation does not
https://www.rba.gov.au/publications/rdp/2022/2022-09/full.html