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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The Origin of the Asian Financial Turmoil
1 Dec 2009
RDP
PDF
451KB
Too many bankswere owned by governments and became the ‘quasi-fiscal’ agents of governments,providing an oblique mechanism for channelling government assistance (off-budget)to ailing industries. ... Adding tothese problems, the quality of public
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9805.pdf
Private Capital Flows, Living with Volatility, and the New Architecture
7 Dec 2006
Conferences
PDF
30KB
RBA Conference Volume 1999
https://www.rba.gov.au/publications/confs/1999/pdf/corden.pdf
Credibility, Flexibility and Renewal: The Evolution of Inflation Targeting in Canada | Conference – 2018
12 Apr 2018
Conferences
Other contributing factors included lax fiscal policy at the federal and provincial levels, along with oil price shocks. ... demand and prices, rather than portfolio shifts driven by concerns about fiscal sustainability.
https://www.rba.gov.au/publications/confs/2018/carter-mendes-schembri.html
Economic Outlook
10 May 2015
SMP
– May 2015
An anticipated pick-up in infrastructure investment, together with more accommodative monetary and fiscal policies and the positive impact of low oil prices, should provide some offsetting support for aggregate demand ... The Japanese economy is expected
https://www.rba.gov.au/publications/smp/2015/may/eco-outlook.html
International Economic Developments
9 May 2013
SMP
- May 2013
PDF
291KB
https://www.rba.gov.au/publications/smp/2013/may/pdf/intl-eco-dev.pdf
Australia's Prosperous 2000s: Housing and the Mining Boom
1 Feb 2012
RDP
PDF
507KB
6. Fiscal Policy 26. 7. Making the Best of the Terms of Trade Boom and Managing the Risks 29. ... Sections 5 and 6 discuss the major debates regarding monetary and fiscal policy.
https://www.rba.gov.au/publications/rdp/2011/pdf/rdp2011-07.pdf
Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve’s Approach
27 Feb 2017
RDP
PDF
1444KB
productive in terms of transparency and clarity. The value of simplicity is reinforced by the FOMC’s. ... in simplicity and transparency is not obvious, however. 10. 5.3 Defining ‘Truth’.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-01.pdf
New Financial Stability Governance and Central Banks | Conference – 2017
16 Mar 2017
Conferences
and CB communications on macroprudential policy and financial stability topics, which they interpret as capturing transparency and accountability. ... broaden support for the agencies' action as well as result in greater transparency for the decision.
https://www.rba.gov.au/publications/confs/2017/edge-liang.html
The International Environment
10 Feb 2020
SMP
- August 2018
PDF
2564KB
https://www.rba.gov.au/publications/smp/2018/aug/pdf/01-international-environment.pdf
Is Monetary Policy Less Effective When Interest Rates Are Persistently Low? | Conference – 2017
16 Mar 2017
Conferences
The problem could be exacerbated if the sovereign's creditworthiness came under strain: historically, fiscal crises have often occurred on the heels of financial crises (e.g. ... Jordà, Schularick and Taylor 2016). This is partly because financial booms
https://www.rba.gov.au/publications/confs/2017/borio-hofmann.html