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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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
References
10 Jul 2019
RDP
2019-05
Bank of Canada (2016), ‘Renewal of the Inflation-Control Target: Background Information – October 2016’. ... Are Costs Larger Also with Less Effective Macroprudential Policy?’, Paper presented at the Norges Bank Conference ‘Rethinking Inflation
https://www.rba.gov.au/publications/rdp/2019/2019-05/references.html
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Cost-benefit Analysis of Leaning against the Wind
5 Jul 2019
RDP
PDF
1512KB
inflation. The issue of leaning against the financial cycle (Filardo and Rungcharoenkitkul 2016) is. ... 5. rates so as to minimise the squared deviations of inflation from its target, the unemployment rate.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-05.pdf
Data
23 Apr 2019
RDP
2019-03
We refer to this as the ‘target’ shock as it captures the repricing of market expectations of the short-term policy rate target. ... We also constructed measures of growth and inflation correlations from realised GDP and CPI to represent more
https://www.rba.gov.au/publications/rdp/2019/2019-03/data.html
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Explaining Monetary Spillovers: The Matrix Reloaded
8 Apr 2019
RDP
PDF
1861KB
particular inflation, and often unemployment or the output gap) and, for some, exchange rate. ... volume of trade between countries. We also constructed measures of growth and inflation.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-03.pdf
Online Appendix: Explaining Monetary Spillovers: The Matrix Reloaded
8 Apr 2019
RDP
PDF
378KB
RDP 2019-03 online appendix
https://www.rba.gov.au/publications/rdp/2019/2019-03/rdp-2019-03-online-appendix.pdf
A Model of the Australian Housing Market
5 Mar 2019
RDP
PDF
1639KB
Rents tend to grow slightly faster than. inflation but slower than income per capita. ... mean CPI inflation over the previous three years. White t-statistics are in brackets.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-01.pdf
Where’s the Money‽ An Investigation into the Whereabouts and Uses of Australian Banknotes
11 Dec 2018
RDP
PDF
1641KB
deflated/inflated by other series (e.g. population, inflation or a measure of economic activity).
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-12.pdf
Where's the Money? An Investigation into the Whereabouts and Uses of Australian Banknotes
1 Dec 2018
RDP
2018-12
Where appropriate, these estimates are deflated/inflated by other series (e.g. population, inflation or a measure of economic activity).
https://www.rba.gov.au/publications/rdp/2018/2018-12/full.html
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Econometric Perspectives on Economic Measurement
19 Jul 2018
RDP
PDF
1725KB
Key examples are consumer. price inflation, housing price inflation, output growth, productivity growth, and purchasing power. ... The series is useful for. measuring inflation and deflating nominal aggregates into real ones.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-08.pdf