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.
Search Results
Inflation Performance
31 Dec 2001
RDP
2001-02
Furthermore, in the period since the adoption of the inflation target, it is clear that inflation has been below 2 per cent for longer than it has been above 3 per ... of having an inflation target; in fact, I cannot recall anyone even contemplating it
https://www.rba.gov.au/publications/rdp/2001/2001-02/inflation-performance.html
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Results
27 Feb 2018
RDP
2018-02
Specifically, there were no inflation-indexed bonds with relatively short maturities trading at this time. ... This coincided with a sharp decline in survey measures of both uncertainty regarding future inflation and of expectations for the level of
https://www.rba.gov.au/publications/rdp/2018/2018-02/results.html
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MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
20 Aug 2019
RDP
PDF
1571KB
to deviations of trimmed mean inflation from the inflation target, the unemployment gap and the. ... interest rates to meet its inflation target) others (such as the assumption that long-run expenditure.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf
Anticipatory Monetary Policy and the ‘Price Puzzle’
1 May 2017
RDP
2017-02
That is, we regress the change in the target cash rate announced at Board meeting m on the two-quarter-ahead forecasts of year-ended underlying inflation. ... order to reinforce credibility in the inflation target.
https://www.rba.gov.au/publications/rdp/2017/2017-02/full.html
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Appendix B: Simple Measures of Inflation Behaviour
9 Nov 2009
RDP
2009-06
For IT countries, ‘MAD’ is the mean absolute deviation from the centre of the target band; and ‘Outside band’ is the number of quarters during which the inflation measure was outside ... then 2 per cent CPI inflation from 2004 onwards, with a
https://www.rba.gov.au/publications/rdp/2009/2009-06/appendix-b.html
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Introduction
1 Sep 1998
RDP
9810
Download the Paper 326. KB. Like several other central banks, the Reserve Bank of Australia has an explicit inflation target; specifically, the Bank's objective is to maintain average inflation over ... Given the notorious long and variable lags of
https://www.rba.gov.au/publications/rdp/1998/1998-10/introduction.html
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The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
Figure 4: April 2023 AGS Yield and the Introduction of the Yield Target. ... Purchases in $b. Purchases as a share of free float of target bond.
https://www.rba.gov.au/publications/rdp/2022/2022-02/full.html
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Underlying Inflation Concepts and Alternative Measures
31 Dec 2005
RDP
2005-05
Download the Paper 192. KB. Underlying inflation is a difficult concept to pin down. ... However, there are reasons to be suspicious of a measure which entirely discards information about consumers' expenditure patterns, especially when the inflation
https://www.rba.gov.au/publications/rdp/2005/2005-05/underlying-inflation-concepts-measures.html
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Is the Phillips Curve Still a Curve? Evidence from the Regions
31 Aug 2021
RDP
2021-09
shocks. Cost-push shocks move the economy away from the central bank's inflation target without necessarily moving the economy away from full employment. ... determined solely by the credibility of the RBA's inflation target (which is common to all
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html
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Empirical Results
1 Dec 1996
RDP
9611
RDP 9611: A Markov-Switching Model of Inflation in Australia 4. Empirical Results. ... This highlights the potential that announced inflation targets have to reduce the volatility of inflation, in that they are associated with less uncertainty about the
https://www.rba.gov.au/publications/rdp/1996/9611/empirical-results.html
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