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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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Modelling Countercyclical Fiscal Policy

10 Dec 2014 RDP 2014-02
Peter Tulip
RDP 2014-02: Fiscal Policy and the Inflation Target 3. Modelling Countercyclical Fiscal Policy. ... The role of a policy reaction function (whether fiscal or monetary) is sometimes misunderstood.
https://www.rba.gov.au/publications/rdp/2014/2014-02/modelling-countercyclical-fiscal-policy.html
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China's Evolving Monetary Policy Framework in International Context

1 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
Accountability and transparency – the central bank is held accountable by lawmakers for meeting these monetary policy objectives. ... As discussed below, the mechanisms for transparency are more similar than those for accountability per se.
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
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The Real Effects of Debt Covenants: Evidence from Australia

25 Oct 2022 RDP 2022-05
Kim Nguyen
As discussed earlier, this could be due to the trend towards greater transparency in corporate reporting or an increase in the usage of covenants in debt contracts (or both).
https://www.rba.gov.au/publications/rdp/2022/2022-05/full.html
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Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach

1 Feb 2017 RDP 2017-01
David Reifschneider and Peter Tulip
Publishing estimates of uncertainty can also enhance a central bank's transparency, credibility, and accountability. ... Fiscal policy represents another area where conditioning assumptions could have implications for using historical forecast errors to
https://www.rba.gov.au/publications/rdp/2017/2017-01/full.html
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What Happened?

1 May 1998 RDP 9805
Morris Goldstein and John Hawkins
The individual-country reserve figures may also miss co-ordinated intervention undertaken in support of currencies by (third party) monetary authorities or intervention that is funded through a country's fiscal ... The performance criteria on monetary
https://www.rba.gov.au/publications/rdp/1998/1998-05/what-happened.html
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Conclusions

31 Dec 2005 RDP 2005-04
Tim Robinson and Andrew Stone
In the former, policy-makers would be aware that fiscal policy could be called upon, if necessary, to aid in stimulating the economy and forestalling any risk of deflation becoming entrenched. ... Notwithstanding these caveats, our framework has the twin
https://www.rba.gov.au/publications/rdp/2005/2005-04/conclusions.html
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The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts

1 Aug 1986 RDP 8611
Jeffrey R. Sheen
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1986/8611.html
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What Do Financial Market Data Tell Us about Monetary Policy Transparency?

1 May 2003 RDP 2003-05
Jonathan Coppel and Ellis Connolly
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2003/2003-05.html
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Fiscal Policy

31 Dec 2011 RDP 2011-07
Jonathan Kearns and Philip Lowe
Using discretionary fiscal policy was seen as too difficult from both a political and implementation perspective. ... It was also the largest discretionary easing of fiscal policy in at least two decades.
https://www.rba.gov.au/publications/rdp/2011/2011-07/fiscal-policy.html
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The Fiscal Deficit and the Current Account: Twins or Distant Relatives?

1 Dec 1988 RDP 8813
Hans Genberg
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1988/8813.html
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