Search: fiscal transparency
RBA Glossary definition for fiscal transparency
fiscal transparency – The facility which enables investors and other interested parties to satisfy themselves as to the nature and quality of the decision process pursued by policy-makers in government or the corporate entity concerned. One of the 12 key standards identified by the Financial Stability Forum as the minimum required for good practice in sound financial systems. Fiscal transparency strengthens accountability of the government and decreases the risk of maintaining unsustainable policies.
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Designing Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
t. – which goes to the issue of the need for a degree of transparency to ensure the feedback rule, Equation (1), is verifiable and monitorable, issue (g). ... Even in the face of large deflationary shocks, fiscal policy can always step into the breach
https://www.rba.gov.au/publications/confs/1997/haldane.html
Discussion on A Perspective on Monetary Policy Transparency and Communication | Conference – 2004
9 Aug 2004
Conferences
Financial market deregulation has gone hand in hand with both the increasing authority of central banks, and with their increased transparency. ... These rationales are listed here to make the point that transparency is no longer discretionary, or
https://www.rba.gov.au/publications/confs/2004/edey-stone-disc.html
Discussion on Designing Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
In this context, Haldane is correct to ascribe a highly significant role to transparency. ... Recently, the Reserve Bank of New Zealand has advanced its transparency a step further.
https://www.rba.gov.au/publications/confs/1997/brash-debelle-disc.html
Modelling Countercyclical Fiscal Policy
10 Dec 2014
RDP
2014-02
RDP 2014-02: Fiscal Policy and the Inflation Target 3. Modelling Countercyclical Fiscal Policy. ... The role of a policy reaction function (whether fiscal or monetary) is sometimes misunderstood.
https://www.rba.gov.au/publications/rdp/2014/2014-02/modelling-countercyclical-fiscal-policy.html
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China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
Accountability and transparency – the central bank is held accountable by lawmakers for meeting these monetary policy objectives. ... As discussed below, the mechanisms for transparency are more similar than those for accountability per se.
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
See 10 more results from "RDP 2019-11"
The Case for Inflation Targeting in East Asian Countries | Conference – 2001
24 Jul 2001
Conferences
Absence of fiscal dominance is a vital prerequisite for an inflation-targeting regime. ... Finally, the increased transparency serves as a useful means of communicating with the public.
https://www.rba.gov.au/publications/confs/2001/debelle.html
Inflation Targeting in New Zealand: An Experience in Evolution | Conference – 2018
12 Apr 2018
Conferences
And crucially, transparency aids in the assessment of our actions, and allows us to be held to account. ... See Blinder (1998) for an excellent discussion of central bank independence and transparency.
https://www.rba.gov.au/publications/confs/2018/mcdermott-williams.html
Fiscal, Monetary and Macroprudential Regimes: Incentives-Values Compatibility in Constitutional Democracies
28 Dec 2022
Conferences
PDF
375KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-tucker.pdf
Robust Design Principles for Monetary Policy Committees | Conference – 2018
12 Apr 2018
Conferences
Monetisation of fiscal deficits was not a significant impetus for most of those episodes. ... Transparency mitigates the risk of undue influence by special interests. The process should foster public confidence in the integrity of the institution.
https://www.rba.gov.au/publications/confs/2018/archer-levin.html
China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
PDF
1923KB
monetary, macroprudential, fiscal and industrial policies are jointly co-determined under the auspices. ... institutional set-up, increased focus on the management of expectations via increased transparency.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.pdf