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 Australian Government's Current Approach to Monetary Policy: An Evaluation | Conference – 1997
21 Jul 1997
Conferences
This ideal of transparency is unlikely to be present when the adopted regime involves finetuning. ... Transparency: measures the extent to which information and forecasts used in determining the stance of monetary policy are clearly available.
https://www.rba.gov.au/publications/confs/1997/stemp.html
Discussion on The Case for Inflation Targeting in East Asian Countries | Conference – 2001
24 Jul 2001
Conferences
The paper stresses the importance of transparency and accountability to balance the greater independence enjoyed by central banks. ... However, the paper does not mention another key benefit of increased transparency and accountability, that is to
https://www.rba.gov.au/publications/confs/2001/debelle-disc.html
Policy Panel | Conference – 2013
19 Aug 2013
Conferences
But even getting trade repositories in place to achieve this level of transparency is proving extremely challenging. ... He agreed that fiscal capacity was an important constraint, but suggested this was really a transparency issue.
https://www.rba.gov.au/publications/confs/2013/policy-panel-2013.html
Central Bank Liquidity Provision and Core Funding Markets | Conference – 2013
19 Aug 2013
Conferences
yields, and contagion to other peripheral bond market spreads as their fiscal positions came into question (Figure 13). ... Product standardisation and increased transparency reduces information asymmetry surrounding asset valuations, which should help
https://www.rba.gov.au/publications/confs/2013/johnson-santor.html
Private Capital Flows, Living with Volatility, and the New Architecture | Conference – 1999
9 Aug 1999
Conferences
or even avoided through the use of fiscal policy which would involve a decline in reserves. ... The answer here is that a credible, conservative fiscal policy should be established in good times.
https://www.rba.gov.au/publications/confs/1999/corden.html
What Have We Learned in the Past 50 Years about the International Financial Architecture? | Conference – 2010
9 Feb 2010
Conferences
Balance of payments adjustment would be managed through domestic fiscal and monetary policies. ... This prescription became increasingly difficult to use, however. It took time for monetary and fiscal measures to work, during which unemployment had to be
https://www.rba.gov.au/publications/confs/2010/crockett.html
Strategies for Controlling Inflation | Conference – 1997
21 Jul 1997
Conferences
Thus, manipulation of monetary and fiscal policy levers could be used to dampen fluctuations in the business cycle. ... A key feature of the German monetary-targeting framework is the strong commitment to transparency and communication of the strategy of
https://www.rba.gov.au/publications/confs/1997/mishkin.html
Introduction | Conference – 2010
9 Feb 2010
Conferences
A second issue discussed in the paper is the interplay between monetary and fiscal policies. ... A second challenge that received considerable attention was the interplay between fiscal and monetary policies.
https://www.rba.gov.au/publications/confs/2010/intro-2010.html
Discussion on Recent Developments in Federal Reserve System Liquidity and Reserve Operations | Conference – 2008
14 Jul 2008
Conferences
rather than diminishing, whether there are risks to the independence of the central bank in a blurring between its role and that of the fiscal authority, and whether there is too ... In contrast, the Bank indicated its willingness to accept
https://www.rba.gov.au/publications/confs/2008/hilton-disc.html
Relative Price Shocks, Inflation Expectations, and the Role of Monetary Policy | Conference – 2009
17 Aug 2009
Conferences
RBA Annual Conference – 2009 Relative Price Shocks, Inflation Expectations, and the Role of Monetary Policy Pierre L Siklos. The aim of this paper is to rely on a wide variety of forecasts and survey-based estimates of inflationary expectations
https://www.rba.gov.au/publications/confs/2009/siklos.html