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
Which Inflation Rate to Target in an Open Economy?
31 Dec 2002
RDP
2002-01
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
Conclusion
31 Dec 2002
RDP
2002-01
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
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
Introduction
31 Dec 2002
RDP
2002-01
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
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
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
Inflation Targeting and the Inflation Process: Some Lessons from an Open Economy
1 Jan 2002
RDP
2002-01
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2002/2002-01.html
Inflation Targeting and the Inflation Process: Some Lessons from an Open Economy
1 Jan 2002
RDP
2002-01
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/