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RBA Glossary definition for central bank

central bank – A non-commercial bank, which may or may not be independent of government, which has some or all of the following functions: conduct monetary policy; oversee the stability of the financial system; issue currency notes; act as banker to the government; supervise financial institutions and regulate payments systems.

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The Next 25 Years

1 Dec 2015 RDP 2015-09
Christian Gillitzer and John Simon
First, the communication of the central bank may need to become much more nuanced. ... more like 10 percent inflation, central banks must focus on inflation as well.
https://www.rba.gov.au/publications/rdp/2015/2015-09/next-years.html

Conclusion

11 Sep 2015 RDP 2015-09
Christian Gillitzer and John Simon
With inflation credibility now firmly established, central banks can afford to accommodate persistent commodity price and exchange rate swings. ... This is compounded if the appropriate response is much more gradual than in the past – the central bank
https://www.rba.gov.au/publications/rdp/2015/2015-09/conclusion.html

Introduction

11 Sep 2015 RDP 2015-09
Christian Gillitzer and John Simon
It has been argued that, in the face of record levels of unemployment in many economies, central banks should weigh unemployment outcomes much more heavily in their objectives. ... We focus our discussion around the central bank objective of maintaining
https://www.rba.gov.au/publications/rdp/2015/2015-09/introduction.html

Inflation Targeting: A Victim of Its Own Success?

25 Aug 2015 RDP 2015-09
Christian Gillitzer and John Simon
In practice, many central banks have already moved in this direction with the adoption of flexible inflation-targeting frameworks. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal
https://www.rba.gov.au/publications/rdp/2015/2015-09.html

Inflation Targeting: A Victim of Its Own Success?

25 Aug 2015 RDP 2015-09
Christian Gillitzer and John Simon
Views expressed in this paper are those of the authors and not necessarily those of the Reserve Bank. ... Use of any results from this paper should clearly attribute the work to the authors and not to the Reserve Bank of Australia.
https://www.rba.gov.au/publications/rdp/2015/2015-09/

The Past 25 Years

11 Sep 2015 RDP 2015-09
Christian Gillitzer and John Simon
These frameworks are commonly described as ‘flexible inflation targeting’, whereby central banks give priority to controlling inflation over the medium run but, where the opportunity exists, stabilise output or employment as ... Variability in the
https://www.rba.gov.au/publications/rdp/2015/2015-09/past-years.html