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.
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Non-technical summary for 'Credit Spreads, Monetary Policy and the Price Puzzle'
24 Jan 2020
RDP
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458KB
RDP 2020-01 non-technical summary
https://www.rba.gov.au/publications/rdp/2020/2020-01/rdp-2020-01-non-technical-summary.pdf
Credit Spreads, Monetary Policy and the Price Puzzle
23 Jan 2020
RDP
PDF
1959KB
If the Board changes the cash rate for reasons other than achieving its inflation target, these changes can be used as instruments for policy shocks with regard to inflation. ... 14 The Bank arguably targets inflation at much longer horizons than two
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-01.pdf
The PBC's Objectives and Operational Framework
9 Dec 2019
RDP
2019-11
The precise manner in which the high-level objectives for monetary policy translate into inflation targets differs only to a degree across advanced economies. ... Unlike inflation targets in most inflation-targeting monetary policy frameworks, the
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-pbcs-objectives-and-operational-framework.html
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China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
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1923KB
Renewal of the Inflation-Control Target. (2016). BoE Remit for the Monetary Policy Committee. ... Inflation. Operational target(s) Monetary base. 7-day interbank repo rate. Overnight cash rate target.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.pdf
Non-technical summary for 'China's Evolving Monetary Policy Framework in International Context'
3 Dec 2019
RDP
PDF
357KB
RDP 2019-11 non-technical summary
https://www.rba.gov.au/publications/rdp/2019/2019-11/rdp-2019-11-non-technical-summary.pdf
Online Appendix - MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
25 Nov 2019
RDP
PDF
624KB
RDP 2019-07 online appendix
https://www.rba.gov.au/publications/rdp/2019/2019-07/rdp-2019-07-online-appendix.pdf
Main Equations
8 Oct 2019
RDP
2019-01
According to the Taylor principle, nominal interest rates should respond more than one-for-one to deviations of inflation from target. ... Hence the change in inflation from above target at the beginning of our sample to below target recently accounts
https://www.rba.gov.au/publications/rdp/2019/2019-01/main-equations.html
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Introduction
11 Sep 2019
RDP
2019-08
Indeed, some approaches to estimation already target different quasilinear means, just not deliberately. ... Similar observations have been made elsewhere in the literature. In particular, others point out that some existing estimation methods target
https://www.rba.gov.au/publications/rdp/2019/2019-08/introduction.html
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The Well-meaning Economist
5 Sep 2019
RDP
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2044KB
advantages for policymakers and are feasible targets for researchers. Indeed, some approaches to. ... In particular, others point out that. some existing estimation methods target geometric means and that switching to geometric targets.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-08.pdf
Core Equations
23 Aug 2019
RDP
2019-07
We calculate these measures by adjusting nominal interest rates for year-ended trimmed mean inflation. ... Similarly, growth in foreign prices converges to the Australian inflation target.
https://www.rba.gov.au/publications/rdp/2019/2019-07/core-equations.html
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