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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Our Role
25 Sep 2017
RBA Annual Report
– 2017
the economic prosperity and welfare of the people of Australia. Policies in pursuit of these objectives have found practical expression in a flexible, medium-term inflation target, which has formed the ... The policy objective is for consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2017/our-role.html
Inflation Targeting in New Zealand: An Experience in Evolution | Conference – 2018
12 Apr 2018
Conferences
Lewis M and CJ McDermott (2016), ‘New Zealand's Experience with Changing Its Inflation Target and the Impact on Inflation Expectations’, New Zealand Economic Papers, 50(3), pp 343–361. ... Reddell M (1999), ‘Origins and Early Development of the
https://www.rba.gov.au/publications/confs/2018/mcdermott-williams.html
Our Role
27 Oct 2022
RBA Annual Report
– October 2022
The flexible medium-term inflation target underpins the monetary policy framework in Australia. ... Achieving the inflation target preserves the value of money and facilitates strong and sustainable growth in the economy over the longer term.
https://www.rba.gov.au/publications/annual-reports/rba/2022/our-role.html
Inflation Measurement for Central Bankers | Conference – 2004
9 Aug 2004
Conferences
First, inflation rates have fallen significantly since the early 1980s. Second, many central banks have adopted inflation targets. ... It was only subsequently that the CPI was adopted by central banks as an inflation target.
https://www.rba.gov.au/publications/confs/2004/hill.html
Our Role
17 Oct 2019
RBA Annual Report
– 2019
the economic prosperity and welfare of the people of Australia. Policies in pursuit of these objectives have found practical expression in a flexible, medium-term inflation target, which has formed the ... The policy objective is for consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2019/our-role.html
A Snapshot of Inflation Targeting in its Adolescence | Conference – 2004
9 Aug 2004
Conferences
The key characteristics of the inflation targets are also summarised graphically in Figure 1. ... Similarly, point, range, and range-with-midpoint targets all appear satisfactory, or at least the perceived benefits from moving to a ‘better’ inflation
https://www.rba.gov.au/publications/confs/2004/kuttner.html
The Great Inflation, The Great Disinflation, and Policies for Future Price Stability | Conference – 1992
10 Jul 1992
Conferences
Assuming no long-run trend in velocity, and given a growth rate of potential output of 3 per cent this implies a reduction in the inflation target from 4 per cent ... target (iii) a weighted deviation of the inflation rate (or the price level) from some
https://www.rba.gov.au/publications/confs/1992/taylor.html
The Australian Government's Current Approach to Monetary Policy: An Evaluation | Conference – 1997
21 Jul 1997
Conferences
King (1996) lists eight countries which have recently adopted an explicit inflation target. ... It is argued below that an inflation target is an appropriate single objective.
https://www.rba.gov.au/publications/confs/1997/stemp.html
Credibility, Flexibility and Renewal: The Evolution of Inflation Targeting in Canada | Conference – 2018
12 Apr 2018
Conferences
The BoC and the government thus opted to extend the 2 per cent inflation target through to 2016. ... It crucially assumes that agents always perceive the inflation target as credible, leaving long-run inflation expectations well anchored.
https://www.rba.gov.au/publications/confs/2018/carter-mendes-schembri.html
Measuring Core Inflation in Australia with Disaggregate Ensembles | Conference – 2009
17 Aug 2009
Conferences
As an example, we calculate the (one-step-ahead) probability that measured inflation exceeds the upper range and midpoint of the inflation target. ... The target for monetary policy in Australia is to achieve an inflation rate of 2–3 per cent, on
https://www.rba.gov.au/publications/confs/2009/ravazzolo-vahey.html