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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Appendix A: Derivation of the Mark-up Model of Inflation
31 Dec 2010
RDP
2010-03
is the central bank's inflation target; α is a parameter that governs the degree to which prices are set with reference to an inflation target (α = 0) or to past ... inflation (α = 1); and ϕ 0 governs the magnitude of price-adjustment costs.
https://www.rba.gov.au/publications/rdp/2010/2010-03/appendix-a.html
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Modelling Inflation in Australia
1 Jul 2010
RDP
PDF
497KB
1. Introduction. Central banks in most advanced economies now operate with some form of either explicit or implicit inflation target, with the Reserve Bank of Australia (RBA) operating under such a ... Given no change in the inflation target, this
https://www.rba.gov.au/publications/rdp/2010/pdf/rdp2010-03.pdf
2 May 2023 | Minutes of the Monetary Policy Meeting of the Board
16 May 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 2 May 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-05-02.html
Changes in the Determinants of Inflation in Australia
1 Dec 2009
RDP
PDF
371KB
Concomitantly,inflation has been surprisingly subdued in a range of industrialised economies,including those without explicit inflation targets. ... an inflation target; in fact, I cannot recallanyone even contemplating it as a serious possibility.
https://www.rba.gov.au/publications/rdp/2001/pdf/rdp2001-02.pdf
4 April 2023 | Minutes of the Monetary Policy Meeting of the Board
18 Apr 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 April 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-04-04.html
Theory
31 Dec 1999
RDP
1999-08
where π is inflation, π. is the inflation target, y is output, y. ... Flexible inflation targeting refers to the case where λ>0. In practice, it appears that all the inflation-targeting central banks have adopted flexible inflation targets to varying
https://www.rba.gov.au/publications/rdp/1999/1999-08/theory.html
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MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
1 Aug 2019
RDP
2019-07
The central bank sets the cash rate according to a monetary policy reaction function that responds to deviations of trimmed mean inflation from the inflation target, the unemployment gap and the ... The central bank adjusts interest rates to ensure that
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
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4 July 2023 | Minutes of the Monetary Policy Meeting of the Board
18 Jul 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 July 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-07-04.html
The Consequences of Low Interest Rates for the Australian Banking Sector
21 Dec 2022
RDP
2022-08
business cycle) shocks have worked their way through the economy. With a constant inflation target, if the neutral rate is low by historical standards, the nominal policy rate will also tend ... Central bank deposits in Australia are remunerated at a
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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Inflation Targeting and Output Stabilisation
1 Dec 2009
RDP
PDF
134KB
In particular, the inflation target can serve an important roleas an anchor for price and wage setters. ... The medium-term nature of Australia’s inflation target has allowed forconsideration to be given to output stabilisation.
https://www.rba.gov.au/publications/rdp/1999/pdf/rdp1999-08.pdf