Search: fiscal transparency
RBA Glossary definition for fiscal transparency
fiscal transparency – The facility which enables investors and other interested parties to satisfy themselves as to the nature and quality of the decision process pursued by policy-makers in government or the corporate entity concerned. One of the 12 key standards identified by the Financial Stability Forum as the minimum required for good practice in sound financial systems. Fiscal transparency strengthens accountability of the government and decreases the risk of maintaining unsustainable policies.
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Modelling Countercyclical Fiscal Policy
10 Dec 2014
RDP
2014-02
RDP 2014-02: Fiscal Policy and the Inflation Target 3. Modelling Countercyclical Fiscal Policy. ... The role of a policy reaction function (whether fiscal or monetary) is sometimes misunderstood.
https://www.rba.gov.au/publications/rdp/2014/2014-02/modelling-countercyclical-fiscal-policy.html
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Discussion on A Perspective on Monetary Policy Transparency and Communication | Conference – 2004
9 Aug 2004
Conferences
Financial market deregulation has gone hand in hand with both the increasing authority of central banks, and with their increased transparency. ... These rationales are listed here to make the point that transparency is no longer discretionary, or
https://www.rba.gov.au/publications/confs/2004/edey-stone-disc.html
Boxes
31 Dec 2020
SMP
– 2020
A number of Boxes on topics of special interest are published in the Statement on Monetary Policy and its forerunners, the Semi-Annual Statement on Monetary Policy and the quarterly reports on the Economy and Financial Markets. These boxes can be
https://www.rba.gov.au/publications/smp/2020/boxes.html
Designing Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
t. – which goes to the issue of the need for a degree of transparency to ensure the feedback rule, Equation (1), is verifiable and monitorable, issue (g). ... Even in the face of large deflationary shocks, fiscal policy can always step into the breach
https://www.rba.gov.au/publications/confs/1997/haldane.html
Discussion on Designing Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
In this context, Haldane is correct to ascribe a highly significant role to transparency. ... Recently, the Reserve Bank of New Zealand has advanced its transparency a step further.
https://www.rba.gov.au/publications/confs/1997/brash-debelle-disc.html
China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
Accountability and transparency – the central bank is held accountable by lawmakers for meeting these monetary policy objectives. ... As discussed below, the mechanisms for transparency are more similar than those for accountability per se.
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
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The Global Financial Environment
8 Apr 2021
FSR
– April 2021
Deposits have increased given fiscal stimulus payments to households and businesses, reduced opportunities for spending and increased caution. ... Local governments' use of bonds instead of off-balance sheet entities has increased transparency, but the
https://www.rba.gov.au/publications/fsr/2021/apr/global-financial-environment.html
2.2 Operations in Financial Markets
19 Oct 2023
RBA Annual Report
– October 2023
Operations in Financial Markets | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/operations-in-financial-markets.html
The Case for Inflation Targeting in East Asian Countries | Conference – 2001
24 Jul 2001
Conferences
Absence of fiscal dominance is a vital prerequisite for an inflation-targeting regime. ... Finally, the increased transparency serves as a useful means of communicating with the public.
https://www.rba.gov.au/publications/confs/2001/debelle.html
Statement on the Conduct of Monetary Policy
30 Jun 1997
RBA Annual Report
– 1997
objectives of monetary policy, the mechanisms for ensuring transparency and accountability in the way policy is conducted, and the independence of the Bank. ... For its part the Government indicates again that it endorses the Bank's objective and
https://www.rba.gov.au/publications/annual-reports/rba/1997/state-conduct.html