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.
Search Results
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
Inflation Convergence
31 Dec 2004
RDP
2004-04
They initially produce results suggesting benefits from inflation targeting, namely that the seven OECD countries that adopted inflation targets experienced larger falls in inflation than the thirteen OECD countries that did ... Countries that did not
https://www.rba.gov.au/publications/rdp/2004/2004-04/inflation-convergence.html
See 9 more results from "RDP 2004-04"
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
Conclusions
6 May 2016
RDP
2016-02
This is consistent with inflation expectations having become better anchored at the RBA's inflation target since the adoption of inflation targeting in 1993. ... This is consistent with the presence of information rigidities, but also imperfect
https://www.rba.gov.au/publications/rdp/2016/2016-02/conclusions.html
See 12 more results from "RDP 2016-02"
Price Targets or Nominal Income Targets?
1 Jul 1989
RDP
8905
https://www.rba.gov.au/publications/rdp/1989/8905/price-targets-or-nominal-income-targets.html
See 8 more results from "RDP 8905"
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
Discussion on Inflation Measurement for Central Bankers | Conference – 2004
9 Aug 2004
Conferences
This type of change would, therefore, require a transition that brings actual inflation according to the new measure into line with an unchanged inflation target. ... Also, the inflation target must obviously be set high enough to account for the bias.
https://www.rba.gov.au/publications/confs/2004/hill-disc.html
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
1 Aug 2019
RDP
2019-07
The central bank sets the cash rate according to a monetary policy reaction function that responds to deviations of trimmed mean inflation from the inflation target, the unemployment gap and the ... The central bank adjusts interest rates to ensure that
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
See 7 more results from "RDP 2019-07"