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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Modelling Countercyclical Fiscal Policy
10 Dec 2014
RDP
2014-02
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
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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Fiscal Policy and the Inflation Target
4 Feb 2015
RDP
PDF
847KB
5. The Effect of Fiscal Stimulus 18. 6. Lessons of the Crisis 23. ... The idea that fiscal activism might lower the inflation target is not new.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-02.pdf
China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
PDF
1923KB
monetary, macroprudential, fiscal and industrial policies are jointly co-determined under the auspices. ... institutional set-up, increased focus on the management of expectations via increased transparency.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.pdf
Macrofinancial Stress Testing on Australian Banks
13 Sep 2023
RDP
PDF
1940KB
It is designed with a focus on. understanding systemic vulnerabilities and a philosophy of prioritising transparency over complexity. ... It also enables the scenario to incorporate changes in interest rates or fiscal policy, if desired.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-03.pdf
The Real Effects of Debt Covenants: Evidence from Australia
25 Oct 2022
RDP
2022-05
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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7 September 2021 | Minutes of the Monetary Policy Meeting of the Board
7 Sep 2021
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 September 2021
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2021/2021-09-07.html
3 March 2020 | Minutes of the Monetary Policy Meeting of the Board
17 Mar 2020
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 March 2020
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2020/2020-03-03.html
The Real Effects of Debt Covenants: Evidence from Australia
24 Oct 2022
RDP
PDF
1647KB
As discussed. earlier, this could be due to the trend towards greater transparency in corporate reporting or an.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-05.pdf
The Origin of the Asian Financial Turmoil
1 Dec 2009
RDP
PDF
451KB
Too many bankswere owned by governments and became the ‘quasi-fiscal’ agents of governments,providing an oblique mechanism for channelling government assistance (off-budget)to ailing industries. ... Adding tothese problems, the quality of public
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9805.pdf