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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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Evaluating Simple Monetary-policy Rules for Australia

7 Dec 2006 Conferences PDF 156KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/de-brouwer-oregan.pdf

What Caused the Decline in US Business Cycle Volatility? | Conference – 2005

11 Jul 2005 Conferences
Robert J Gordon
Inertia is conveyed by a series of lags on the inflation rate (p. ... its target for the inflation rate (p. ), the current and lagged deviations of the actual inflation rate from the inflation target, and current and lagged levels of the output gap.
https://www.rba.gov.au/publications/confs/2005/gordon.html

Wrap-up Panel Discussion

27 Nov 2023 Conferences PDF 144KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-panel-discussion.pdf

Discussion on Strategies for Controlling Inflation | Conference – 1997

21 Jul 1997 Conferences
statement endorsing the inflation target and specifying that monetary policy will be directed toward that end. ... One possibility may be to shift the incentive structure for central banks, by defining the inflation target in terms of domestic underlying
https://www.rba.gov.au/publications/confs/1997/felman-disc.html

Dicsussion of Strategies for Controlling Inflation

7 Dec 2006 Conferences PDF 12KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/felman-disc.pdf

Discussion on A Snapshot of Inflation Targeting in its Adolescence | Conference – 2004

9 Aug 2004 Conferences
Orphanides and Williams (2003a, 2003b) illustrate the potential role played by an explicit inflation target in anchoring expectations using a model in which the public must otherwise infer the central ... In this model, successful communication of an
https://www.rba.gov.au/publications/confs/2004/kuttner-disc.html

Monetary and Macroprudential Policies: The Case for a Separation of Powers | Conference – 2018

12 Apr 2018 Conferences
Ben Broadbent
The MPC's primary target is inflation, as measured by the rate of change of the Consumer Prices Index (CPI). ... In addition, the MPC's remit involves a secondary objective, subject to the primary inflation target, to stabilise the real economy.
https://www.rba.gov.au/publications/confs/2018/broadbent.html

Monetary Targeting: The International Experience | Conference – 1989

20 Jun 1989 Conferences
Malcolm Edey
The first concerns the choice of target, and specifically the choice between inflation and nominal income targets. ... It is concluded that nominal income targeting produces lower output variability than an inflation target, but has an ambiguous effect
https://www.rba.gov.au/publications/confs/1989/edey.html

Introduction to Monetary Policy and Inflation Targeting

7 Dec 2006 Conferences PDF 20KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/intro-97.pdf

The Australian Government's Current Approach to Monetary Policy: An Evaluation

7 Dec 2006 Conferences PDF 70KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/stemp.pdf