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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Fiscal Policy and the Inflation Target
4 Feb 2015
RDP
PDF
847KB
5. The Effect of Fiscal Stimulus 18. 6. Lessons of the Crisis 23. ... The idea that fiscal activism might lower the inflation target is not new.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-02.pdf
2.2 Operations in Financial Markets
19 Oct 2023
RBA Annual Report
– October 2023
Operations in Financial Markets | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/operations-in-financial-markets.html
China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
PDF
1923KB
monetary, macroprudential, fiscal and industrial policies are jointly co-determined under the auspices. ... institutional set-up, increased focus on the management of expectations via increased transparency.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.pdf
Statement on the Conduct of Monetary Policy
30 Jun 1997
RBA Annual Report
– 1997
objectives of monetary policy, the mechanisms for ensuring transparency and accountability in the way policy is conducted, and the independence of the Bank. ... For its part the Government indicates again that it endorses the Bank's objective and
https://www.rba.gov.au/publications/annual-reports/rba/1997/state-conduct.html
Macrofinancial Stress Testing on Australian Banks
13 Sep 2023
RDP
PDF
1940KB
It is designed with a focus on. understanding systemic vulnerabilities and a philosophy of prioritising transparency over complexity. ... It also enables the scenario to incorporate changes in interest rates or fiscal policy, if desired.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-03.pdf
Operations in Financial Markets
27 Oct 2022
RBA Annual Report
– October 2022
Since early 2020, the stock of AGS and semis outstanding has increased substantially as the federal, state and territory governments have issued bonds to finance the fiscal response to the ... agreements. Source: RBA. Reflecting the Reserve Banks
https://www.rba.gov.au/publications/annual-reports/rba/2022/operations-in-financial-markets.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