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
Fiscal Policy and the Inflation Target
4 Feb 2015
RDP
PDF
847KB
The idea that fiscal activism might lower the inflation target is not new. ... 20. Table 2: Simulated Outcomes at Different Inflation Targets Inflation target 0 per cent 1 per cent 2 per cent 4 per cent Panel A.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-02.pdf
Inflation Targeting in a Small Open Economy
1 Dec 2009
RDP
PDF
421KB
JEL Classification Numbers: C61, E52, E58, F41Keywords: inflation targets, open economy, non-traded inflation,. ... frequent adjustments tothe interest rate in order to achieve a strict inflation target.
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9807.pdf
Monetary Policy Goals for Inflation in Australia
30 Nov 2009
RDP
PDF
85KB
is a relative paucity of academic literature on operating monetary policy withexplicit inflation targets. ... Since in many instances theannouncement of inflation targets is a relatively recent phenomenon, and no countryhas yet operated with an inflation
https://www.rba.gov.au/publications/rdp/1995/pdf/rdp9503.pdf
Tests of Simple Targeting Rules for Monetary Policy
2 Dec 2008
Research Workshop
PDF
353KB
Reserve Bank of Australia Workshop 2008: Monetary Policy in Open Economies
https://www.rba.gov.au/publications/workshops/research/2008/otto.pdf
Inflation Regimes and Inflation Expectations
1 Dec 2009
RDP
PDF
173KB
Expected inflation in subsequent periods isa weighted average of the current inflation target and the expected value of futureinflation targets, as shown by Equations (4) and (5). ... To continue with the flavour of past examples, we choose pastinflation
https://www.rba.gov.au/publications/rdp/1997/pdf/rdp9701.pdf
Optimal Monetary Policy when Expectations are Rational, Fixed, Learned, or Anything in Between
19 Dec 2023
Research Workshop
PDF
410KB
RBA Workshop 2023
https://www.rba.gov.au/publications/workshops/research/2023/pdf/rba-workshop-2023-presentation-brassil.pdf
Changes in the Determinants of Inflation in Australia
1 Dec 2009
RDP
PDF
371KB
Concomitantly,inflation has been surprisingly subdued in a range of industrialised economies,including those without explicit inflation targets. ... an inflation target; in fact, I cannot recallanyone even contemplating it as a serious possibility.
https://www.rba.gov.au/publications/rdp/2001/pdf/rdp2001-02.pdf
Modelling Inflation in Australia
1 Jul 2010
RDP
PDF
497KB
1. Introduction. Central banks in most advanced economies now operate with some form of either explicit or implicit inflation target, with the Reserve Bank of Australia (RBA) operating under such a ... Given no change in the inflation target, this
https://www.rba.gov.au/publications/rdp/2010/pdf/rdp2010-03.pdf
Inflation Targeting: A Victim of Its Own Success?
23 Aug 2015
RDP
PDF
932KB
reasonable provided deviations from the inflation target caused by policy errors are rare. ... 3.2.3 Maintain current targets. An alternative to changing the target measure or adopting a dual mandate is to retain CPI inflation as the target.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-09.pdf
Nonlinear Inflation Dynamics in Menu Cost Economies
19 Dec 2023
Research Workshop
PDF
1277KB
RBA Workshop 2023
https://www.rba.gov.au/publications/workshops/research/2023/pdf/rba-workshop-2023-blanco-boar-jones-midrigan.pdf