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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Implications for the Australian Economy of Strong Growth in Asia
22 Mar 2013
RDP
2013-03
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2013/2013-03.html
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Explaining Monetary Spillovers: The Matrix Reloaded
1 Apr 2019
RDP
2019-03
Kose, Otrok and Whiteman 2003; Baxter and Kouparitsas 2005) and/or inflation dynamics (e.g. ... Table 3: The Baseline Spillover Regression. Target. Path. Premium. 10-year. US Treasury yield.
https://www.rba.gov.au/publications/rdp/2019/2019-03/full.html
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Appendix B: The Linearised Model
9 Dec 2008
RDP
2008-07
and. denote the current perceived inflation target, firms' real marginal costs, and the time-varying shocks to the desired mark-ups in sector s, respectively. ... Parameters ρ. π. , β, ξ. s. and κ. s. are the persistence of the inflation target shock
https://www.rba.gov.au/publications/rdp/2008/2008-07/appendix-b.html
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A Model of the Australian Housing Market
1 Mar 2019
RDP
2019-01
Rents tend to grow slightly faster than inflation but slower than income per capita. ... Rents and income are in logs and deflated by annualised trimmed mean CPI inflation over the previous three years.
https://www.rba.gov.au/publications/rdp/2019/2019-01/full.html
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The Model
8 Jan 2010
RDP
2009-10
The monetary responses have each economy following a Henderson-McKibbin-Taylor (HMT) rule shown in Equation (1), with different weights on inflation (π) relative to target (π. ... OPEC. 0.5. 0.5. 10. (a) Germany and the rest of the euro area have a
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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 Apr 2023
RDP
2023-04
However, inflation rises following the shock, suggesting that the Action shock still contains some endogenous component. ... The cash rate was reduced to around the effective lower bound, and various unconventional policies were introduced, including a
https://www.rba.gov.au/publications/rdp/2023/2023-04/full.html
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Cost-benefit Analysis of Leaning against the Wind
1 Jul 2019
RDP
2019-05
Although this response is sometimes called ‘leaning against the wind’ others would consider it to be ‘normal inflation-targeting policy’. ... The optimal control scenario sets interest rates so as to minimise the squared deviations of inflation
https://www.rba.gov.au/publications/rdp/2019/2019-05/full.html
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Results
30 Dec 2008
RDP
2008-09
This shorter sample covers the period when inflation expectations have been reasonably stable and consistent with the Reserve Bank's inflation target, and corresponds to a period of stable growth and ... and may reflect growing credibility of the Reserve
https://www.rba.gov.au/publications/rdp/2008/2008-09/results.html
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Introduction
2 Jan 2009
RDP
2008-10
Take, for instance, the case of Chile with respect to announcements regarding inflation targets. ... For example, the first inflation target was announced in September 1990 for the 12 months of 1991; later, in September 1999, the central bank announced a
https://www.rba.gov.au/publications/rdp/2008/2008-10/introduction.html
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Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
29 Dec 2022
RDP
PDF
1886KB
5. Robustness Exercises 23. 5.1 Model in first differences 23. 5.2 Inflation-targeting period 24. ... zero restriction), we might assume that inflation does not increase in response to an increase in the.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf