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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The Welfare Effects of Alternative Choices of Instruments and Targets for Macroeconomic Stabilisation Policy | Conference – 1997
21 Jul 1997
Conferences
To the extent that there is a welfare-relevant case for an inflation target as opposed to a real-interest-rate target, it must be as a proxy for stabilisation of ... As well as affecting intertemporal price ratios, monetary policy based on an inflation
https://www.rba.gov.au/publications/confs/1997/quiggin.html
Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting? | Conference – 2004
9 Aug 2004
Conferences
Fifth, if the public believes in the inflation target, the long-term interest rate would increase and this would damage the economy. ... First, the inflation target ceiling rate is not specified. Second, the projected date when the Bank would like to
https://www.rba.gov.au/publications/confs/2004/ito.html
Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997
21 Jul 1997
Conferences
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
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
The Cost of Inflation in Australia | Conference – 1992
10 Jul 1992
Conferences
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
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
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
Inflation Measurement for Central Bankers | Conference – 2004
9 Aug 2004
Conferences
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
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