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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China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
PDF
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
References
31 Dec 2005
RDP
2005-05
Clements KW and HY Izan (1987), ‘The measurement of inflation: a stochastic approach’,. ... Bulletin. , August, pp 1–6. Reserve Bank of Australia (1998), ‘The implications of recent changes to the consumer price index for monetary policy and the
https://www.rba.gov.au/publications/rdp/2005/2005-05/references.html
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Nominal Wage Rigidity in Australia
1 Nov 2000
RDP
2000-08
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2000/2000-08.html
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Introduction
31 Dec 2012
RDP
2012-01
Also, fluctuations in global output and international trade can influence domestic demand and therefore domestic inflation. ... Policy responses across countries will also be important. While an inflation-targeting central bank with an independent
https://www.rba.gov.au/publications/rdp/2012/2012-01/introduction.html
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Evidence on the Formation of Inflation Expectations
1 Feb 1998
RDP
9803
It is worth observing that while this measure of inflation expectations is currently around 2 to 3 per cent, the Australian inflation target is expressed in terms of a medium-term ... Given that the inflation target is a medium-term mean, short-term
https://www.rba.gov.au/publications/rdp/1998/1998-03/evidence-on-the-formation-of-inflation-expectations.html
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The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
27 Nov 2023
RDP
2023-08
Research Discussion Paper – RDP 2023-08 The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey. Tanya Livermore. , Jack Mulqueeney. , Thuong Nguyen. and Benjamin Watson. November 2023. 1.10. MB. 1.
https://www.rba.gov.au/publications/rdp/2023/2023-08/full.html
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Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
PDF
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
Model
23 Nov 2016
RDP
2016-08
In the figure, the lines labelled ‘stochastic’ represent the stochastic simulation of GDP, consumption, investment and real wages growth as well as inflation and interest rates. ... As the central bank's inflation target remains constant, the
https://www.rba.gov.au/publications/rdp/2016/2016-08/model.html
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The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
1 Feb 2020
RDP
2020-02
Δ. c. r. t. represents the quarterly percentage point change in the cash rate target. ... In particular, the Reserve Bank focuses on aggregate measures of economic activity and inflation in setting monetary policy.
https://www.rba.gov.au/publications/rdp/2020/2020-02/full.html
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Introduction
31 Dec 2006
RDP
2006-11
RDP 2006-11: Component-smoothed Inflation: Estimating the Persistent Component of Inflation in Real Time 1. ... Download the Paper 313. KB. Headline inflation is almost always the target for inflation-targeting central banks.
https://www.rba.gov.au/publications/rdp/2006/2006-11/introduction.html
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