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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Implications for the Australian Economy of Strong Growth in Asia
22 Mar 2013
RDP
2013-03
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2013/2013-03.html
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Robustness Exercises
3 Jan 2023
RDP
2022-09
One concern with this sample period is that it includes a change in the monetary policy regime; the RBA began to target consumer price inflation in the early-to-mid 1990s. ... Footnotes. Estimating the model in first differences using the
https://www.rba.gov.au/publications/rdp/2022/2022-09/robustness-exercises.html
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Monetary Policy, Equity Markets and the Information Effect
23 Mar 2021
RDP
2021-04
news. I test this by examining the relationship between the monetary policy surprises and surprises in economic news, in particular GDP, inflation and unemployment. ... The results provide little evidence that the monetary policy surprise series can be
https://www.rba.gov.au/publications/rdp/2021/2021-04/full.html
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Empirical Analysis
25 Sep 2015
RDP
2015-11
We set the central bank's inflation target, , to an annual rate of 2.5 per cent. ... 0.70. Domestic inflation target. 1.0062. Foreign inflation target. 1.0055. θ. N.
https://www.rba.gov.au/publications/rdp/2015/2015-11/empirical-analysis.html
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Data
23 Apr 2019
RDP
2019-03
We refer to this as the ‘target’ shock as it captures the repricing of market expectations of the short-term policy rate target. ... We also constructed measures of growth and inflation correlations from realised GDP and CPI to represent more
https://www.rba.gov.au/publications/rdp/2019/2019-03/data.html
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Appendix B: The Linearised Model
9 Dec 2008
RDP
2008-07
and. denote the current perceived inflation target, firms' real marginal costs, and the time-varying shocks to the desired mark-ups in sector s, respectively. ... Parameters ρ. π. , β, ξ. s. and κ. s. are the persistence of the inflation target shock
https://www.rba.gov.au/publications/rdp/2008/2008-07/appendix-b.html
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Introduction
2 Jan 2009
RDP
2008-10
Take, for instance, the case of Chile with respect to announcements regarding inflation targets. ... For example, the first inflation target was announced in September 1990 for the 12 months of 1991; later, in September 1999, the central bank announced a
https://www.rba.gov.au/publications/rdp/2008/2008-10/introduction.html
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Research Discussion Papers – 2014
2 Dec 2014
RDP
Richard Finlay and Fiona Price. RDP 2014-02 Fiscal Policy and the Inflation Target.
https://www.rba.gov.au/publications/rdp/2014/
The Model
8 Jan 2010
RDP
2009-10
The monetary responses have each economy following a Henderson-McKibbin-Taylor (HMT) rule shown in Equation (1), with different weights on inflation (π) relative to target (π. ... OPEC. 0.5. 0.5. 10. (a) Germany and the rest of the euro area have a
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DSGE Reno: Adding a Housing Block to a Small Open Economy Model
1 Apr 2018
RDP
2018-04
In particular, the Taylor-rule coefficients fall within standard ranges found in the literature, with monetary policy responding aggressively to deviations of inflation from target and a much smaller response to ... Australian monetary policy responds
https://www.rba.gov.au/publications/rdp/2018/2018-04/full.html
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