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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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Monetary Policy, Equity Markets and the Information Effect

23 Mar 2021 RDP 2021-04
Calvin He
news. I test this by examining the relationship between the monetary policy surprises and surprises in economic news, in particular GDP, inflation and unemployment. ... The results provide little evidence that the monetary policy surprise series can be
https://www.rba.gov.au/publications/rdp/2021/2021-04/full.html
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The Yield and Market Function Effects of the Reserve Bank of Australia’s Bond Purchases

19 May 2022 RDP PDF 1938KB
yield target appears to have detrimentally affected some aspects of government bond market. ... 3.2 The yield target 8. 3.3 The bond purchase program 9.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-02.pdf

The Distribution of Householders' Inflation Expectations

31 Mar 1999 RDP 1999-03
Andrea Brischetto and Gordon de Brouwer
RDP 1999-03: Householders' Inflation Expectations 2. The Distribution of Householders' Inflation Expectations. ... The relative preponderance of the numbers 2 and 3 in the past few years is consistent with price movements in recent years and with the
https://www.rba.gov.au/publications/rdp/1999/1999-03/distribution-of-householders-inflation-expectations.html
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Results

31 Dec 2011 RDP 2011-05
Jarkko Jääskelä and Penelope Smith
Median target. 43. 36. 68. 39. 20. 3. 18. One std dev interval. ... According to the median target measure, 70 per cent of the variance in domestic output and 73 per cent of the variance in trimmed-mean inflation is explained by domestic factors.
https://www.rba.gov.au/publications/rdp/2011/2011-05/results.html
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Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!

1 May 2023 RDP PDF 1465KB
to expected future economic outcomes. For instance, if the central bank forecasts that inflation and. ... price puzzle’ is still evident, with Action shocks tending to precede higher inflation.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-04.pdf

Appendix A. The Model

1 Jun 1977 RDP 7702
P.D. Jonson and J.C. Taylor
z. required asset ratio for all banks. λ. 1. target rate of growth of inventories. ... λ. 2. target rate of monetary growth. λ. 3. regular growth of real award wages.
https://www.rba.gov.au/publications/rdp/1977/7702/appendix-a.html
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References

1 Jul 1997 RDP 9704
Ellis W. Tallman and Naveen Chandra
RDP 9704: Financial Aggregates as Conditioning Information for Australian Output and Inflation References. ... 174–180. de Brouwer, G. and N.R. Ericsson (1995), ‘Modelling Inflation in Australia’, Reserve Bank of Australia Research Discussion Paper
https://www.rba.gov.au/publications/rdp/1997/9704/references.html
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The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data

21 Jun 2023 RDP 2023-05
Callan Windsor, Terhi Jokipii and Matthieu Bussiere
CPI growth. Year-on-year inflation. Housing price growth. Year-on-year growth in housing prices (apartments and houses). ... t. Y. t. are macroeconomic controls and consist of real GDP growth, housing price growth and CPI inflation.
https://www.rba.gov.au/publications/rdp/2023/2023-05/full.html
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Policy Rules for Open Economies

1 Dec 2009 RDP PDF 138KB
5.1 Strict Inflation Targets 11. 5.2 The Case of New Zealand 13. ... 5. The Perils of Inflation Targeting. This section turns from instrument rules to target rules, specifically inflation targets.In the closed-economy Svensson-Ball model, inflation
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9806.pdf

DSGE Reno: Adding a Housing Block to a Small Open Economy Model

1 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
In particular, the Taylor-rule coefficients fall within standard ranges found in the literature, with monetary policy responding aggressively to deviations of inflation from target and a much smaller response to ... Australian monetary policy responds
https://www.rba.gov.au/publications/rdp/2018/2018-04/full.html
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