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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Fiscal Policy and the Inflation Target
4 Apr 2014
RDP
2014-02
However, discussions of monetary policy have neglected this fiscal activism, leading to over-estimates of the costs of the zero lower bound and, hence, of the appropriate inflation target. ... An increase in the inflation target is not warranted, despite
https://www.rba.gov.au/publications/rdp/2014/2014-02.html
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Long-run Inflation Targets
1 Jul 1998
RDP
9806
Download the Paper 139. KB. This section presents the good news about inflation targets. ... In practice, countries with inflation targets do not formally adjust for exchange rates in the way suggested here.
https://www.rba.gov.au/publications/rdp/1998/1998-06/long-run-inflation-targets.html
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Estimating Inflation Expectations with a Limited Number of Inflation-indexed Bonds
14 Mar 2011
RDP
2011-01
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2011/2011-01.html
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Inflation Targeting in a Small Open Economy
1 Jul 1998
RDP
9807
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1998/9807.html
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Inflation Targeting and the Inflation Process: Some Lessons from an Open Economy
1 Jan 2002
RDP
2002-01
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2002/2002-01.html
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The Next 25 Years
1 Dec 2015
RDP
2015-09
And, in such an environment, a pure CPI inflation target risks destabilising output to offset idiosyncratic shocks. ... to interpret deviations from target as revisions to the implicit inflation target than when inflation targeting was in its infancy.
https://www.rba.gov.au/publications/rdp/2015/2015-09/next-years.html
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Models of Inflation Regimes
1 May 1997
RDP
9701
Expected inflation in subsequent periods is a weighted average of the current inflation target and the expected value of future inflation targets, as shown by Equations (4) and (5). ... Expected inflation more than one period ahead is a weighted average
https://www.rba.gov.au/publications/rdp/1997/9701/model.html
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China's Evolving Monetary Policy Framework in International Context
1 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/full.html
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Monetary Policy Goals for Inflation in Australia
1 Mar 1995
RDP
9503
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1995/9503.html
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Appendix A: Derivation of the Mark-up Model of Inflation
31 Dec 2010
RDP
2010-03
is the central bank's inflation target; α is a parameter that governs the degree to which prices are set with reference to an inflation target (α = 0) or to past ... inflation (α = 1); and ϕ 0 governs the magnitude of price-adjustment costs.
https://www.rba.gov.au/publications/rdp/2010/2010-03/appendix-a.html
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