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
The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
21 Jun 2023
RDP
2023-05
CPI growth. Year-on-year inflation. Housing price growth. Year-on-year growth in housing prices (apartments and houses). ... t. Y. t. are macroeconomic controls and consist of real GDP growth, housing price growth and CPI inflation.
https://www.rba.gov.au/publications/rdp/2023/2023-05/full.html
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Empirical Analysis
25 Sep 2015
RDP
2015-11
We set the central bank's inflation target, , to an annual rate of 2.5 per cent. ... 0.70. Domestic inflation target. 1.0062. Foreign inflation target. 1.0055. θ. N.
https://www.rba.gov.au/publications/rdp/2015/2015-11/empirical-analysis.html
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Implications for the Australian Economy of Strong Growth in Asia
22 Mar 2013
RDP
2013-03
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2013/2013-03.html
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Inflation Convergence Across Countries
9 Jun 2004
RDP
PDF
705KB
indicates significance at the 1 per cent level. (a) Adoption of inflation targets for inflation-targeting countries. ... 20 While the other 13 countries have not announced a formal inflation target, or were not.
https://www.rba.gov.au/publications/rdp/2004/pdf/rdp2004-04.pdf
The Implementation of Monetary Policy in Australia
1 Dec 2009
RDP
PDF
190KB
Over the period in which changes in the target rate have been announced,. ... Certainly, one can buildsimple models which predict that a central bank with an inflation target will deliveruncorrelated interest-rate changes.
https://www.rba.gov.au/publications/rdp/1997/pdf/rdp9703.pdf
Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
1 May 2023
RDP
PDF
1465KB
to expected future economic outcomes. For instance, if the central bank forecasts that inflation and. ... price puzzle’ is still evident, with Action shocks tending to precede higher inflation.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-04.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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BA-MARTIN in Detail
18 Jan 2022
RDP
2022-01
We assume that, when banks' capital adequacy ratios fall below target (i.e. ... In their framework, capital ratios return to target around 2–3 years from the downturn.
https://www.rba.gov.au/publications/rdp/2022/2022-01/ba-martin-in-detail.html
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The Well-meaning Economist
1 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/full.html
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Disagreement about Inflation Expectations
12 May 2016
RDP
PDF
1105KB
perceptions of the credibility of the central bank’s inflation target. Previous research has found that. ... Figure 3). As discussed in the introduction, one justification for relatively low inflation targets is that low.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-02.pdf