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1–6 of 6 collapsed search results for 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 Next 25 Years

1 Dec 2015 RDP 2015-09
Christian Gillitzer and John Simon
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

Inflation Targeting: A Victim of Its Own Success?

25 Aug 2015 RDP 2015-09
Christian Gillitzer and John Simon
Since the introduction of inflation targeting, inflation expectations have become firmly anchored at target and there has been a flattening of the Phillips curve. ... This has led some to call for a fundamental re-engineering of inflation-targeting
https://www.rba.gov.au/publications/rdp/2015/2015-09.html

The Past 25 Years

11 Sep 2015 RDP 2015-09
Christian Gillitzer and John Simon
s inflation target by more than 0.2 percentage points, unlike in earlier years when co-movement between long-term expectations and current inflation was clearly evident. ... firmly anchored on the inflation target, the increase in inflation caused by the
https://www.rba.gov.au/publications/rdp/2015/2015-09/past-years.html

References

1 Dec 2015 RDP 2015-09
Christian Gillitzer and John Simon
Frankel J (2012a), ‘The Death of Inflation Targeting’, VOX, 19 June, accessed 28 May 2014. ... Stock JH and MW Watson (2007), ‘Why Has U.S. Inflation Become Harder to Forecast?’,.
https://www.rba.gov.au/publications/rdp/2015/2015-09/references.html

Introduction

11 Sep 2015 RDP 2015-09
Christian Gillitzer and John Simon
In some respects, this could be seen as a triumph for inflation targeting – inflation remained close to target despite some of the largest economic shocks in living memory. ... We document significant changes in the behaviour of inflation over that
https://www.rba.gov.au/publications/rdp/2015/2015-09/introduction.html

Conclusion

11 Sep 2015 RDP 2015-09
Christian Gillitzer and John Simon
Download the Paper 933. KB. The practice of inflation targeting over the past 25 years has fundamentally changed the character of target inflation measures. ... Inflation targeting should not be abandoned or fundamentally reengineered, but its practice
https://www.rba.gov.au/publications/rdp/2015/2015-09/conclusion.html