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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The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
21 Nov 2023
RDP
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2354KB
The Evolution of Consumer Payments in Australia: Results from the. 2022 Consumer Payments Survey. Tanya Livermore, Jack Mulqueeney, Thuong Nguyen and Benjamin Watson. Research Discussion Paper. R DP 2023- 08. Figures in this publication were
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf
The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
8 Jun 2023
RDP
PDF
1310KB
due to high inflation, this paper provides a retrospective assessment of the effect of low interest. ... inflation. , 1i tX are bank-level controls that include deposits over total liabilities, the liquidity ratio.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-05.pdf
Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
1 May 2023
RDP
PDF
1465KB
to expected future economic outcomes. For instance, if the central bank forecasts that inflation and. ... price puzzle’ is still evident, with Action shocks tending to precede higher inflation.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-04.pdf
Non-technical summary for 'Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication?…
1 May 2023
RDP
PDF
139KB
RDP 2023-04 non-technical summary
https://www.rba.gov.au/publications/rdp/2023/2023-04/rdp-2023-04-non-technical-summary.pdf
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
29 Dec 2022
RDP
PDF
1886KB
5. Robustness Exercises 23. 5.1 Model in first differences 23. 5.2 Inflation-targeting period 24. ... zero restriction), we might assume that inflation does not increase in response to an increase in the.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf
The Consequences of Low Interest Rates for the Australian Banking Sector
19 Dec 2022
RDP
PDF
1588KB
or less? If the central bank is solely focused on achieving its current inflation and unemployment. ... With a constant. inflation target, if the neutral rate is low by historical standards, the nominal policy rate will also.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-08.pdf
The Term Funding Facility: Has It Encouraged Business Lending?
8 Dec 2022
RDP
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2133KB
target for the 3-year yield on Australian Government Securities (AGS) of around 25 basis points; an. ... with reductions in the cash rate target and 3-year government bond yield target.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-07.pdf
The Yield and Market Function Effects of the Reserve Bank of Australia’s Bond Purchases
19 May 2022
RDP
PDF
1938KB
yield target appears to have detrimentally affected some aspects of government bond market. ... 3.2 The yield target 8. 3.3 The bond purchase program 9.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-02.pdf
Online Appendix: MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model
13 Jan 2022
RDP
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378KB
RDP 2022-01 online appendix
https://www.rba.gov.au/publications/rdp/2022/2022-01/rdp-2022-01-online-appendix.pdf
MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model
12 Jan 2022
RDP
PDF
1774KB
remaining options for returning their capital adequacy ratios to target are to increase lending. ... details). We assume dividends remain at zero while capital adequacy is below target.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf