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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

Credit Spreads, Monetary Policy and the Price Puzzle

1 Jan 2020 RDP 2020-01
Benjamin Beckers
If the Board changes the cash rate for reasons other than achieving its inflation target, these changes can be used as instruments for policy shocks with regard to inflation. ... Since money and credit market conditions provide additional information
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html
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Results

31 Dec 2005 RDP 2005-04
Tim Robinson and Andrew Stone
3 per cent and an inflation target of 2.5 per cent, the midpoint of the 2–3 per cent medium-term target band. ... Since i = r π, this might represent an economy where the neutral real rate, r, is 2 per cent, and target inflation, π, is 1 per cent;
https://www.rba.gov.au/publications/rdp/2005/2005-04/results.html
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Introduction

1 Sep 1998 RDP 9810
Jonathan Kearns
Download the Paper 326. KB. Like several other central banks, the Reserve Bank of Australia has an explicit inflation target; specifically, the Bank's objective is to maintain average inflation over ... Given the notorious long and variable lags of
https://www.rba.gov.au/publications/rdp/1998/1998-10/introduction.html
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References

31 Dec 2005 RDP 2005-05
Ivan Roberts
Clements KW and HY Izan (1987), ‘The measurement of inflation: a stochastic approach’,. ... Bulletin. , August, pp 1–6. Reserve Bank of Australia (1998), ‘The implications of recent changes to the consumer price index for monetary policy and the
https://www.rba.gov.au/publications/rdp/2005/2005-05/references.html
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Affine Endeavour: Estimating a Joint Model of the Nominal and Real Term Structures of Interest Rates in Australia

27 Feb 2018 RDP 2018-02
Jonathan Hambur and Richard Finlay
financial markets, inflation, interest rates, modelling, money. We outline a ‘workhorse’ affine term structure model of nominal and real interest rates in Australia. ... At the same time, long-term inflation expectations have remained firmly within
https://www.rba.gov.au/publications/rdp/2018/2018-02.html
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Nominal Wage Rigidity in Australia

1 Nov 2000 RDP 2000-08
Jacqueline Dwyer and Kenneth Leong
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2000/2000-08.html
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Introduction

31 Dec 2012 RDP 2012-01
Hugo Gerard
Also, fluctuations in global output and international trade can influence domestic demand and therefore domestic inflation. ... Policy responses across countries will also be important. While an inflation-targeting central bank with an independent
https://www.rba.gov.au/publications/rdp/2012/2012-01/introduction.html
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Empirical Results

1 Dec 1996 RDP 9611
John Simon
RDP 9611: A Markov-Switching Model of Inflation in Australia 4. Empirical Results. ... This highlights the potential that announced inflation targets have to reduce the volatility of inflation, in that they are associated with less uncertainty about the
https://www.rba.gov.au/publications/rdp/1996/9611/empirical-results.html
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Evidence on the Formation of Inflation Expectations

1 Feb 1998 RDP 9803
Gordon de Brouwer and Luci Ellis
It is worth observing that while this measure of inflation expectations is currently around 2 to 3 per cent, the Australian inflation target is expressed in terms of a medium-term ... Given that the inflation target is a medium-term mean, short-term
https://www.rba.gov.au/publications/rdp/1998/1998-03/evidence-on-the-formation-of-inflation-expectations.html
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Anticipatory Monetary Policy and the ‘Price Puzzle’

1 May 2017 RDP 2017-02
James Bishop and Peter Tulip
That is, we regress the change in the target cash rate announced at Board meeting m on the two-quarter-ahead forecasts of year-ended underlying inflation. ... order to reinforce credibility in the inflation target.
https://www.rba.gov.au/publications/rdp/2017/2017-02/full.html
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