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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Discussion of Inflation, Disinflation and the Natural Rate of Unemployment: A Dynamic Framework for Policy Analysis
24 Nov 2006
Conferences
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16KB
RBA Conference Volume 2000
https://www.rba.gov.au/publications/confs/2000/pdf/leeson-disc.pdf
The Welfare Effects of Alternative Choices of Instruments and Targets for Macroeconomic Stabilisation Policy
7 Dec 2006
Conferences
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463KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/quiggin.pdf
The Yield and Market Function Effects of the Reserve Bank of Australia’s Bond Purchases
19 May 2022
RDP
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1938KB
yield target appears to have detrimentally affected some aspects of government bond market. ... 3.2 The yield target 8. 3.3 The bond purchase program 9.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-02.pdf
Discussion of The Debate on Alternatives for Monetary Policy in Australia
7 Dec 2006
Conferences
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25KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/mcdonald-disc.pdf
The Debate on Alternatives for Monetary Policy in Australia
7 Dec 2006
Conferences
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85KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/edey.pdf
Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
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1706KB
away from the central bank’s inflation target without necessarily moving the economy away from. ... across regions to the extent they are determined solely by the credibility of the RBA’s inflation target.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf
Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
1 May 2023
RDP
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1465KB
to expected future economic outcomes. For instance, if the central bank forecasts that inflation and. ... price puzzle’ is still evident, with Action shocks tending to precede higher inflation.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-04.pdf
Estimating Inflation Expectations with a Limited Number of Inflation-indexed Bonds
8 Mar 2011
RDP
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479KB
Inflation expectations may also indicate over what horizon individualsbelieve that a central bank will achieve its inflation target, if at all. ... We note thatthe estimate of ρ0, the steady-state inflation rate in our model, is 2.6 per cent,which is
https://www.rba.gov.au/publications/rdp/2011/pdf/rdp2011-01.pdf
Fiscal, Monetary and Macroprudential Regimes: Incentives-Values Compatibility in Constitutional Democracies
28 Dec 2022
Conferences
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375KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-tucker.pdf
Inflation Convergence Across Countries
9 Jun 2004
RDP
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705KB
indicates significance at the 1 per cent level. (a) Adoption of inflation targets for inflation-targeting countries. ... 20 While the other 13 countries have not announced a formal inflation target, or were not.
https://www.rba.gov.au/publications/rdp/2004/pdf/rdp2004-04.pdf