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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

China's Evolving Monetary Policy Framework in International Context

1 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
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

Introduction

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
Second, the high-level objectives for monetary policy in China, and how they practically find expression in targets and instruments, have no parallels among advanced economies (e.g. ... but that impediments to policy rate pass-through remain in the cases
https://www.rba.gov.au/publications/rdp/2019/2019-11/introduction.html

References

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
Geiger M (2010), ‘Monetary Policy in China: Institutions, Targets, Instruments and Strategies’, Inaugural Dissertation, University of Würzburg, December. ... s Evolving Monetary Policy Rule: From Inflation-Accommodating to Anti-Inflation Policy’,
https://www.rba.gov.au/publications/rdp/2019/2019-11/references.html

The PBC's Objectives and Operational Framework

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
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/the-pbcs-objectives-and-operational-framework.html

Monetary Policy Transmission

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
both activity and inflation outcomes started to be called into question (Figure 9). ... Our robustness checks also incorporate a different measure of inflation than the CPI (one of the intermediate targets for monetary policy), and issues with the
https://www.rba.gov.au/publications/rdp/2019/2019-11/monetary-policy-transmission.html

Non-technical summary for ‘China's Evolving Monetary Policy Framework in International Context’

1 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
Second, the targets for monetary policy in China and how they find practical expression in the operational framework continue to have few similarities to advanced economies, although some implementation features are ... and commitment problems cited in
https://www.rba.gov.au/publications/rdp/2019/2019-11/non-technical-summary.html

The Institutional Design Framework for Monetary Policy

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
BoC. Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Inflation-Control Target (2016). ... if inflation deviates from the target by more than 1 percentage point in either direction.
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-institutional-design-framework-for-monetary-policy.html