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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Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting? | Conference – 2004
9 Aug 2004
Conferences
Minutes of discussions (without names) and voting records (with names) were to be disclosed with a delay of about one month, as a part of enhanced transparency. ... In Japan, one additional consideration is the impact of deflation on fiscal settings.
https://www.rba.gov.au/publications/confs/2004/ito.html
Restructuring and Reform: China 2016 | Conference – 2016
18 Mar 2016
Conferences
For firms judged to be in competitive industries, the current wave of reforms will likely improve transparency, clarify accountability and contribute to the development of equity markets. ... For instance, Moody's rated the bonds AAA, the highest
https://www.rba.gov.au/publications/confs/2016/naughton.html
Liquidity, Financial Crises and the Lender of Last Resort – How Much of a Departure is the Sub-prime Crisis? | Conference – 2008
14 Jul 2008
Conferences
It may also conflict with fiscal rules if there is a guarantee by the fiscal authority. ... This potential fiscal burden, in turn, helps motivate the separation of regulation from central banks (Goodhart and Schoenmaker 1995).
https://www.rba.gov.au/publications/confs/2008/davis.html
Discussion | Conference – 2018
12 Apr 2018
Conferences
Hutchins Center on Fiscal & Monetary Policy at Brookings, Hutchins Center Working Paper No 15. ... A participant stated that monetary policy and fiscal policy ultimately have to be consistent.
https://www.rba.gov.au/publications/confs/2018/mckibbin-panton-disc.html
The Australian Economic ‘Miracle’: A View from the North | Conference – 2000
24 Jul 2000
Conferences
Certainly current fiscal innovations such as Charter for Budget Honesty (1998) and the adoption of accruals accounting are likely to help by increasing the transparency of fiscal policy and make it ... In that case the recent innovations to increase
https://www.rba.gov.au/publications/confs/2000/bean.html
Annual Performance Statement for 2019/20
12 Apr 2020
RBA Annual Report
– 2020
In 2019/20, the Bank:. promoted competition in the market for card payment services through least-cost routing and transparency in merchant pricing. ... On the other hand, many advanced economies were being supported by unprecedented fiscal stimulus and
https://www.rba.gov.au/publications/annual-reports/rba/2020/annual-performance-statement.html
Financial-asset Prices and Monetary Policy: Theory and Evidence | Conference – 1997
21 Jul 1997
Conferences
Using an MCI is beneficial in terms of practicality and because it contributes to transparency about how the central bank intends to achieve its announced inflation target. ... This increased transparency may be more important in a monetary-policy
https://www.rba.gov.au/publications/confs/1997/smets.html
Panel Discussion: Assessing Structural Change in China and Its Consequences | Conference – 2016
18 Mar 2016
Conferences
To achieve this, significant reforms to state-owned enterprises (SOEs), fiscal policy and land rights would need to be implemented. ... have become more worried about medium-term growth and the outlook for rebalancing because of unsustainable monetary
https://www.rba.gov.au/publications/confs/2016/panel-discussion.html
The Australian Government's Current Approach to Monetary Policy: An Evaluation | Conference – 1997
21 Jul 1997
Conferences
This ideal of transparency is unlikely to be present when the adopted regime involves finetuning. ... Transparency: measures the extent to which information and forecasts used in determining the stance of monetary policy are clearly available.
https://www.rba.gov.au/publications/confs/1997/stemp.html
What Have We Learned in the Past 50 Years about the International Financial Architecture? | Conference – 2010
9 Feb 2010
Conferences
Balance of payments adjustment would be managed through domestic fiscal and monetary policies. ... This prescription became increasingly difficult to use, however. It took time for monetary and fiscal measures to work, during which unemployment had to be
https://www.rba.gov.au/publications/confs/2010/crockett.html