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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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
Introduction
31 Dec 2011
RDP
2011-01
Inflation expectations may also indicate over what horizon individuals believe that a central bank will achieve its inflation target, if at all. ... Beechey (2008) and Joyce, Lildholdt and Sorensen (2010) find that inflation risk premia decreased in the
https://www.rba.gov.au/publications/rdp/2011/2011-01/introduction.html
Results
31 Dec 2011
RDP
2011-01
We note that the estimate of ρ. 0. , the steady-state inflation rate in our model, is 2.6 per cent, which is within the inflation target range. ... Of particular interest, however, is the non-responsiveness of 5- and 10-year-ahead expectations, which
https://www.rba.gov.au/publications/rdp/2011/2011-01/results.html
Discussion and Conclusion
31 Dec 2011
RDP
2011-01
RDP 2011-01: Estimating Inflation Expectations with a Limited Number of Inflation-indexed Bonds 5. ... A key finding of the model is that long-term inflation expectations appear to have been well-anchored to the inflation target over most of the sample.
https://www.rba.gov.au/publications/rdp/2011/2011-01/discussion-and-conclusion.html