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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.

Search Results

Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997

21 Jul 1997 Conferences
Gordon de Brouwer and James O'Regan
Such a rule is clearly not viable as a means to achieve an inflation target. ... When wages growth is tied to the inflation target, inflation shocks are not passed on into wages and hence are not fed back into the inflation process.
https://www.rba.gov.au/publications/confs/1997/de-brouwer-oregan.html

Strategies for Controlling Inflation | Conference – 1997

21 Jul 1997 Conferences
Frederic S. Mishkin
In contrast to the exchange-rate target, but like the monetary-aggregate target, inflation targets enable monetary policy to focus on domestic considerations and to respond to shocks to the economy. ... Finally, inflation targets have the advantage that
https://www.rba.gov.au/publications/confs/1997/mishkin.html

2.1 Annual Performance Statement for 2022/23

19 Oct 2023 RBA Annual Report – October 2023
Annual Performance Statement for 2022/23 | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/annual-performance-statement.html

The Cost of Inflation in Australia | Conference – 1992

10 Jul 1992 Conferences
Doug McTaggart
the public generally prefers policy directed at reducing unemployment rather than reducing inflation. ... In countries such as Canada, where in recent years a strong case has been made that inflation imposes significant and measurable social costs, a
https://www.rba.gov.au/publications/confs/1992/mctaggart.html

1.1 Our Role

19 Oct 2023 RBA Annual Report – October 2023
Our Role | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/our-role.html

Discussion on The Case for Inflation Targeting in East Asian Countries | Conference – 2001

24 Jul 2001 Conferences
Although in principle this argument is correct, in practice there have been cases where the co-existence of the inflation target with other intermediate targets has proven problematic. ... As the ultimate objective of the inflation target was to improve
https://www.rba.gov.au/publications/confs/2001/debelle-disc.html

Inflation Targeting in New Zealand: An Experience in Evolution | Conference – 2018

12 Apr 2018 Conferences
John McDermott and Rebecca Williams
Lewis M and CJ McDermott (2016), ‘New Zealand's Experience with Changing Its Inflation Target and the Impact on Inflation Expectations’, New Zealand Economic Papers, 50(3), pp 343–361. ... Reddell M (1999), ‘Origins and Early Development of the
https://www.rba.gov.au/publications/confs/2018/mcdermott-williams.html

Central Bank Frameworks: Evolution or Revolution?

4 Jan 2023 Conferences PDF 7522KB
RBA Conference Volume 2018
https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018.pdf

Strategies for Controlling Inflation

7 Dec 2006 Conferences PDF 87KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/mishkin.pdf

Inflation Measurement for Central Bankers | Conference – 2004

9 Aug 2004 Conferences
Robert J Hill
First, inflation rates have fallen significantly since the early 1980s. Second, many central banks have adopted inflation targets. ... It was only subsequently that the CPI was adopted by central banks as an inflation target.
https://www.rba.gov.au/publications/confs/2004/hill.html