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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

Monetary Policy, Equity Markets and the Information Effect

24 Oct 2021 RDP PDF 1573KB
economic news, in particular GDP, inflation and unemployment. I find little evidence that surprises. ... including inflation, GDP and the unemployment rate. International evidence also supports the idea.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-04.pdf

Central Bank Communication: One Size Does Not Fit All

24 Oct 2021 RDP PDF 2180KB
use social media (such as Twitter, YouTube, LinkedIn, etc) to provide information and target their. ... of England (BoE) publications, including the Inflation Report (2014–19) and speeches (2019).
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-05.pdf

Is the Phillips Curve Still a Curve? Evidence from the Regions

31 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
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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Is the Phillips Curve Still a Curve? Evidence from the Regions

29 Aug 2021 RDP PDF 1706KB
away from the central bank’s inflation target without necessarily moving the economy away from. ... across regions to the extent they are determined solely by the credibility of the RBA’s inflation target.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf

Central Bank Communication: One Size Does Not Fit All

24 May 2021 RDP 2021-05
Joan Huang and John Simon
A slightly different approach adopted by the Bank of England has been to add a visual summary to its Inflation Report. ... As noted by Andy Haldane (2017): ‘“Inflation and employment” leaves the majority of [non-economists] cold.
https://www.rba.gov.au/publications/rdp/2021/2021-05/full.html
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References

1 Apr 2021 RDP 2021-04
Calvin He
Barthélemy J and E Mengus (2018), ‘The Signaling Effect of Raising Inflation’, Journal of Economic Theory, 178, pp 488–516. ... Kehoe J (2019), ‘Confidence Jitters Keep RBA Inflation Goal Intact’, The Australian Financial Review online, 8
https://www.rba.gov.au/publications/rdp/2021/2021-04/references.html
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Data

14 Feb 2020 RDP 2020-02
Calvin He and Gianni La Cava
In the baseline models, the stance of monetary policy is measured by the cash rate target, as published in RBA statistical table F1 (Interest Rates and Yields – Money Market). ... The sample period roughly aligns with the introduction of inflation
https://www.rba.gov.au/publications/rdp/2020/2020-02/data.html
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The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets

14 Feb 2020 RDP PDF 1878KB
2019. The sample period roughly aligns with the introduction of inflation targeting in Australia, so. ...  tcr represents the quarterly percentage point change in the cash rate target.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-02.pdf

Credit Market Conditions and the Bank's Forecast Errors

28 Jan 2020 RDP 2020-01
Benjamin Beckers
Since money and credit market conditions provide additional information about future inflation, it is reasonable to expect this to be the case for other variables that the Bank may target. ... However, investment may also lift labour productivity and
https://www.rba.gov.au/publications/rdp/2020/2020-01/credit-market-conditions-and-the-banks-forecast-errors.html
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Read me file for Credit Spreads, Monetary Policy and the Price Puzzle

24 Jan 2020 RDP PDF 500KB
RDP 2020-01 supplementary information
https://www.rba.gov.au/publications/rdp/2020/2020-01/rdp-2020-01-read-me.pdf