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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Asset-price Bubbles and Monetary Policy
1 Dec 2009
RDP
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63KB
The first is a result of the way inflation targets are actually implemented. ... Centralbanks with inflation targets do not target the current rate of inflation but rather the.
https://www.rba.gov.au/publications/rdp/1997/pdf/rdp9709.pdf
The Consequences of Low Interest Rates for the Australian Banking Sector
19 Dec 2022
RDP
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1588KB
or less? If the central bank is solely focused on achieving its current inflation and unemployment. ... With a constant. inflation target, if the neutral rate is low by historical standards, the nominal policy rate will also.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-08.pdf
China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
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1923KB
Renewal of the Inflation-Control Target. (2016). BoE Remit for the Monetary Policy Committee. ... Inflation. Operational target(s) Monetary base. 7-day interbank repo rate. Overnight cash rate target.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.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
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
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
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
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
The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
8 Jun 2023
RDP
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1310KB
due to high inflation, this paper provides a retrospective assessment of the effect of low interest. ... inflation. , 1i tX are bank-level controls that include deposits over total liabilities, the liquidity ratio.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-05.pdf
The Implementation of Monetary Policy in Australia
1 Dec 2009
RDP
PDF
190KB
Over the period in which changes in the target rate have been announced,. ... Certainly, one can buildsimple models which predict that a central bank with an inflation target will deliveruncorrelated interest-rate changes.
https://www.rba.gov.au/publications/rdp/1997/pdf/rdp9703.pdf