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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.

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Empirical Results

1 Dec 1996 RDP 9611
John Simon
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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The Consequences of Low Interest Rates for the Australian Banking Sector

19 Dec 2022 RDP PDF 1588KB
or less? If the central bank is solely focused on achieving its current inflation and unemployment. ... With a constant. inflation target, if the neutral rate is low by historical standards, the nominal policy rate will also.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-08.pdf

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

Evidence on the Formation of Inflation Expectations

1 Feb 1998 RDP 9803
Gordon de Brouwer and Luci Ellis
It is worth observing that while this measure of inflation expectations is currently around 2 to 3 per cent, the Australian inflation target is expressed in terms of a medium-term ... Given that the inflation target is a medium-term mean, short-term
https://www.rba.gov.au/publications/rdp/1998/1998-03/evidence-on-the-formation-of-inflation-expectations.html
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Introduction

31 Dec 2006 RDP 2006-11
Christian Gillitzer and John Simon
RDP 2006-11: Component-smoothed Inflation: Estimating the Persistent Component of Inflation in Real Time 1. ... Download the Paper 313. KB. Headline inflation is almost always the target for inflation-targeting central banks.
https://www.rba.gov.au/publications/rdp/2006/2006-11/introduction.html
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The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets

1 Feb 2020 RDP 2020-02
Calvin He and Gianni La Cava
Δ. c. r. t. represents the quarterly percentage point change in the cash rate target. ... In particular, the Reserve Bank focuses on aggregate measures of economic activity and inflation in setting monetary policy.
https://www.rba.gov.au/publications/rdp/2020/2020-02/full.html
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Introduction

1 Sep 1998 RDP 9810
Jonathan Kearns
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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Asset-price Bubbles and Monetary Policy

1 Dec 2009 RDP PDF 63KB
The first is a result of the way inflation targets are actually implemented. ... Centralbanks with inflation targets do not target the current rate of inflation but rather the.
https://www.rba.gov.au/publications/rdp/1997/pdf/rdp9709.pdf

The Distribution of Householders' Inflation Expectations

31 Mar 1999 RDP 1999-03
Andrea Brischetto and Gordon de Brouwer
RDP 1999-03: Householders' Inflation Expectations 2. The Distribution of Householders' Inflation Expectations. ... The relative preponderance of the numbers 2 and 3 in the past few years is consistent with price movements in recent years and with the
https://www.rba.gov.au/publications/rdp/1999/1999-03/distribution-of-householders-inflation-expectations.html
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Results

31 Dec 2011 RDP 2011-05
Jarkko Jääskelä and Penelope Smith
Median target. 43. 36. 68. 39. 20. 3. 18. One std dev interval. ... According to the median target measure, 70 per cent of the variance in domestic output and 73 per cent of the variance in trimmed-mean inflation is explained by domestic factors.
https://www.rba.gov.au/publications/rdp/2011/2011-05/results.html
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