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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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31 Dec 2005 RDP 2005-04
Tim Robinson and Andrew Stone
3 per cent and an inflation target of 2.5 per cent, the midpoint of the 2–3 per cent medium-term target band. ... Since i = r π, this might represent an economy where the neutral real rate, r, is 2 per cent, and target inflation, π, is 1 per cent;
https://www.rba.gov.au/publications/rdp/2005/2005-04/results.html
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Financial Regulation and the Inflation Environment

1 Dec 1997 RDP 9709
Christopher Kent and Philip Lowe
In this way, sound bank regulation makes it easier for the central bank to achieve its inflation target. ... A second issue is whether the target rate of inflation affects the critical parameters of our model.
https://www.rba.gov.au/publications/rdp/1997/9709/financial-regulation-inflation.html
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Introduction

1 Sep 1998 RDP 9810
Jonathan Kearns
Download the Paper 326. KB. Like several other central banks, the Reserve Bank of Australia has an explicit inflation target; specifically, the Bank's objective is to maintain average inflation over ... Given the notorious long and variable lags of
https://www.rba.gov.au/publications/rdp/1998/1998-10/introduction.html
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The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey

21 Nov 2023 RDP PDF 2354KB
The Evolution of Consumer Payments in Australia: Results from the. 2022 Consumer Payments Survey. Tanya Livermore, Jack Mulqueeney, Thuong Nguyen and Benjamin Watson. Research Discussion Paper. R DP 2023- 08. Figures in this publication were
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf

The Consequences of Low Interest Rates for the Australian Banking Sector

19 Dec 2022 RDP PDF 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

Asset-price Bubbles and Monetary Policy

1 Dec 2009 RDP PDF 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

Anticipatory Monetary Policy and the ‘Price Puzzle’

1 May 2017 RDP 2017-02
James Bishop and Peter Tulip
That is, we regress the change in the target cash rate announced at Board meeting m on the two-quarter-ahead forecasts of year-ended underlying inflation. ... order to reinforce credibility in the inflation target.
https://www.rba.gov.au/publications/rdp/2017/2017-02/full.html
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27 Feb 2018 RDP 2018-02
Jonathan Hambur and Richard Finlay
Specifically, there were no inflation-indexed bonds with relatively short maturities trading at this time. ... This coincided with a sharp decline in survey measures of both uncertainty regarding future inflation and of expectations for the level of
https://www.rba.gov.au/publications/rdp/2018/2018-02/results.html
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Empirical Results

1 Dec 1996 RDP 9611
John Simon
RDP 9611: A Markov-Switching Model of Inflation in Australia 4. Empirical Results. ... This highlights the potential that announced inflation targets have to reduce the volatility of inflation, in that they are associated with less uncertainty about the
https://www.rba.gov.au/publications/rdp/1996/9611/empirical-results.html
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Is the Phillips Curve Still a Curve? Evidence from the Regions

31 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
shocks. Cost-push shocks move the economy away from the central bank's inflation target without necessarily moving the economy away from full employment. ... determined solely by the credibility of the RBA's inflation target (which is common to all
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html
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