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1–8 of 8 collapsed search results for 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

Which Inflation Rate to Target in an Open Economy?

31 Dec 2002 RDP 2002-01
Guy Debelle and Jenny Wilkinson
If the central bank is pursuing a strict inflation target, the policy responses required to offset the effects of exchange-rate-induced changes in inflation may be damaging to the ... In such circumstances, the credibility of the inflation target is
https://www.rba.gov.au/publications/rdp/2002/2002-01/which-inflation-rate-to-target-in-an-open-economy.html

Inflation Targeting and the Inflation Process: Some Lessons from an Open Economy

1 Jan 2002 RDP 2002-01
Guy Debelle and Jenny Wilkinson
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2002/2002-01.html

Conclusion

31 Dec 2002 RDP 2002-01
Guy Debelle and Jenny Wilkinson
Download the Paper 272. KB. Whether an open economy should target aggregate or non-traded inflation depends on the objective function of the policy-maker, the nature of the shocks that ... The results in this paper suggest that, for the Australian economy
https://www.rba.gov.au/publications/rdp/2002/2002-01/conclusion.html

Appendix A: A Small Macroeconomic Model of Australia

31 Dec 2002 RDP 2002-01
Guy Debelle and Jenny Wilkinson
is the assumed value of the inflation target in the central bank's objective function. ... where p. f. is the foreign price level, measured using G7 core inflation.
https://www.rba.gov.au/publications/rdp/2002/2002-01/appendix-a.html

Inflation Targeting and the Inflation Process: Some Lessons from an Open Economy

1 Jan 2002 RDP 2002-01
Guy Debelle and Jenny Wilkinson
Research Discussion Paper – RDP 2002-01 Inflation Targeting and the Inflation Process: Some Lessons from an Open Economy. ... Guy Debelle and Jenny Wilkinson. January 2002. 272. KB. This paper is a revised version of a paper presented at a Central Bank
https://www.rba.gov.au/publications/rdp/2002/2002-01/

Introduction

31 Dec 2002 RDP 2002-01
Guy Debelle and Jenny Wilkinson
a measure of non-traded, or ‘domestic’, inflation rather than the aggregate inflation rate. ... In the broader discussion of optimal policy-making under an inflation target, several papers have used the Ball-Svensson framework to explore the impact
https://www.rba.gov.au/publications/rdp/2002/2002-01/introduction.html

Evidence from a Small Empirical Macro Model

31 Dec 2002 RDP 2002-01
Guy Debelle and Jenny Wilkinson
That is, establishing credibility in the inflation target allows the policy-maker to choose from a superior set of economic outcomes. ... The choice of inflation target did not result in any significant differences in the variability of either measure of
https://www.rba.gov.au/publications/rdp/2002/2002-01/evidence-from-a-small-empirical-macro-model.html

Evidence of Changes in the Inflation Process

31 Dec 2002 RDP 2002-01
Guy Debelle and Jenny Wilkinson
which we will call the perceived inflation target. Over time, it is therefore possible that both the perceived inflation target π. ... k. = δ. 1. δ. 2. δ. 3. ) and the perceived inflation target (π. =
https://www.rba.gov.au/publications/rdp/2002/2002-01/evidence-of-changes-in-the-inflation-process.html