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RBA Glossary definition for inflation

inflation – A measure of the change (increase) in the general level of prices.

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Appendix B: The Variances of Output and Inflation

1 Jul 1998 RDP 9806
Laurence Ball
RDP 9806: Policy Rules for Open Economies Appendix B: The Variances of Output and Inflation. ... Download the Paper 139. KB. Here, I describe the computation of the variances of output and inflation under alternative policies.
https://www.rba.gov.au/publications/rdp/1998/1998-06/appendix-b.html

Long-run Inflation Targets

1 Jul 1998 RDP 9806
Laurence Ball
Download the Paper 139. KB. This section presents the good news about inflation targets. ... In light of earlier results, a natural modification is to target long-run inflation, π.
https://www.rba.gov.au/publications/rdp/1998/1998-06/long-run-inflation-targets.html

The Perils of Inflation Targeting

1 Jul 1998 RDP 9806
Laurence Ball
RDP 9806: Policy Rules for Open Economies 5. The Perils of Inflation Targeting. ... These outcomes are similar to the effects of inflation targeting in my model.
https://www.rba.gov.au/publications/rdp/1998/1998-06/perils-of-inflation-targeting.html

Policy Rules for Open Economies

1 Jul 1998 RDP 9806
Laurence Ball
Research Discussion Paper – RDP 9806 Policy Rules for Open Economies. Laurence Ball. July 1998. 139. KB. This paper draws on research conducted while the author was visiting the Reserve Bank of Australia, and was presented at the NBER Conference
https://www.rba.gov.au/publications/rdp/1998/1998-06/

Conclusion

1 Jul 1998 RDP 9806
Laurence Ball
This variable should also replace inflation on the right side of the instrument rule. ... It might be desirable, however, to make long-run inflation the formal target variable.
https://www.rba.gov.au/publications/rdp/1998/1998-06/conclusion.html

Policy Rules for Open Economies

1 Jul 1998 RDP 9806
Laurence Ball
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1998/9806.html

Introduction

1 Jul 1998 RDP 9806
Laurence Ball
A growing number of economists and policy-makers advocate targets for the level of inflation. ... Second, on the right side of the policy rule, inflation is replaced by ‘long-run inflation’.
https://www.rba.gov.au/publications/rdp/1998/1998-06/introduction.html

References

1 Jul 1998 RDP 9806
Laurence Ball
Svensson, L.E.O. (1997a), ‘Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets’, European Economic Review, 41(6), pp. ... 1111–1146. Svensson, L.E.O. (1997b), ‘Open-Economy Inflation Targeting’, Stockholm University,
https://www.rba.gov.au/publications/rdp/1998/1998-06/references.html

The Model

1 Jul 1998 RDP 9806
Laurence Ball
e means appreciation), π is inflation, and ε, η, and ν are white-noise shocks. ... A key feature of the model is that policy affects inflation through two channels.
https://www.rba.gov.au/publications/rdp/1998/1998-06/model.html

Appendix A: Domestic Goods and Imports

1 Jul 1998 RDP 9806
Laurence Ball
Download the Paper 139. KB. Here I derive the Phillips curve, Equation (2), from assumptions about inflation in the prices of domestic goods and imports. ... is determined by lagged inflation and lagged output. To determine import-price inflation, I
https://www.rba.gov.au/publications/rdp/1998/1998-06/appendix-a.html