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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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
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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Overview
27 Nov 2018
SMP
– November 2018
Rising trade tensions are expected to weigh a little on growth in the United States and a few economies in east Asia, but the US fiscal stimulus and still-accommodative monetary ... Conditions in the industrial sector, in particular, have weakened. Some
https://www.rba.gov.au/publications/smp/2018/nov/overview.html
The International Environment
27 Nov 2018
SMP
– November 2018
Growth in the United States is expected to be well above potential, partly because of the substantial fiscal stimulus. ... firms. Graph 1.19. The government also remains committed to broadening fiscal support for growth.
https://www.rba.gov.au/publications/smp/2018/nov/the-international-environment.html
International Economic Developments
10 May 2013
SMP
– May 2013
In April, the Korean Government announced fiscal stimulus measures aimed at job creation. ... Growth was stronger in spite of cuts in government spending implemented to meet fiscal targets.
https://www.rba.gov.au/publications/smp/2013/may/intl-eco-dev.html
The Real Effects of Debt Covenants: Evidence from Australia
25 Oct 2022
RDP
2022-05
As discussed earlier, this could be due to the trend towards greater transparency in corporate reporting or an increase in the usage of covenants in debt contracts (or both).
https://www.rba.gov.au/publications/rdp/2022/2022-05/full.html
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Economic Outlook
10 May 2015
SMP
– May 2015
An anticipated pick-up in infrastructure investment, together with more accommodative monetary and fiscal policies and the positive impact of low oil prices, should provide some offsetting support for aggregate demand ... The Japanese economy is expected
https://www.rba.gov.au/publications/smp/2015/may/eco-outlook.html
Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach
1 Feb 2017
RDP
2017-01
Publishing estimates of uncertainty can also enhance a central bank's transparency, credibility, and accountability. ... Fiscal policy represents another area where conditioning assumptions could have implications for using historical forecast errors to
https://www.rba.gov.au/publications/rdp/2017/2017-01/full.html
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The International Environment
10 Aug 2018
SMP
– August 2018
tax. Fiscal policy and accommodative monetary policy are expected to continue supporting growth in the euro area. ... growth. The central authorities have moved to ease fiscal policy in a targeted fashion.
https://www.rba.gov.au/publications/smp/2018/aug/the-international-environment.html