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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The Model
1 Sep 2000
RDP
2000-06
The inflation target embedded in the monetary-policy rule acts as the nominal anchor and brings about nominal equilibrium in the model. ... Repeating this experiment with a monetary-policy rule that responds to the deviation of non-tradeable (rather than
https://www.rba.gov.au/publications/rdp/2000/2000-06/model.html
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Inflation and Disinflation in Australia: 1950–91 | Conference – 1992
31 Dec 1950
Conferences
RBA Annual Conference – 1992 Inflation and Disinflation in Australia: 1950–91 Glenn Stevens. ... Simkin (1972) looked at inflation from the mid-1950s to the late 1960s.
https://www.rba.gov.au/publications/confs/1992/stevens.html
Inflation Performance
31 Dec 2001
RDP
2001-02
Furthermore, in the period since the adoption of the inflation target, it is clear that inflation has been below 2 per cent for longer than it has been above 3 per ... of having an inflation target; in fact, I cannot recall anyone even contemplating it
https://www.rba.gov.au/publications/rdp/2001/2001-02/inflation-performance.html
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Financial Regulation and the Inflation Environment
1 Dec 1997
RDP
9709
In this way, sound bank regulation makes it easier for the central bank to achieve its inflation target. ... A second issue is whether the target rate of inflation affects the critical parameters of our model.
https://www.rba.gov.au/publications/rdp/1997/9709/financial-regulation-inflation.html
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Introduction | Conference – 2004
9 Aug 2004
Conferences
In other words, what matters more is the existence of an inflation target. ... Without an instrument to ensure the target is attained, any announcement of an inflation target would therefore lack credibility.
https://www.rba.gov.au/publications/confs/2004/intro-2004.html
Discussion on Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting? | Conference – 2004
9 Aug 2004
Conferences
Baltensperger, Fischer and Jordan (2002) have argued that central banks that enjoy a measure of goal independence may refrain from binding themselves with an inflation target. ... Reference. Baltensperger E, AM Fischer and TJ Jordan (2002), ‘Abstaining
https://www.rba.gov.au/publications/confs/2004/ito-disc.html
The Consequences of Low Interest Rates for the Australian Banking Sector
21 Dec 2022
RDP
2022-08
business cycle) shocks have worked their way through the economy. With a constant inflation target, if the neutral rate is low by historical standards, the nominal policy rate will also tend ... Central bank deposits in Australia are remunerated at a
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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A Perspective | Conference – 1992
10 Jul 1992
Conferences
On the other hand, money aggregates continue to be relevant indicators, along with others, if a price inflation target is accepted, though such indicators have to be carefully interpreted. ... without any nominal wages having to fall, and without
https://www.rba.gov.au/publications/confs/1992/corden.html
The Debate on Alternatives for Monetary Policy in Australia | Conference – 1997
21 Jul 1997
Conferences
This issue applies to any targeting regime, but is most frequently raised with respect to inflation targets, where the distinction is between an inflation-rate and a price-level target. ... Exchange-rate pegging. Monetary target. Inflation target. No
https://www.rba.gov.au/publications/confs/1997/edey.html
Appendix B: Simple Measures of Inflation Behaviour
9 Nov 2009
RDP
2009-06
For IT countries, ‘MAD’ is the mean absolute deviation from the centre of the target band; and ‘Outside band’ is the number of quarters during which the inflation measure was outside ... then 2 per cent CPI inflation from 2004 onwards, with a
https://www.rba.gov.au/publications/rdp/2009/2009-06/appendix-b.html
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