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RBA Glossary definition for inflation

inflation – A measure of the change (increase) in the general level of prices.

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Disagreement about Inflation Expectations

20 Apr 2016 RDP 2016-02
Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin
Research Discussion Paper – RDP 2016-02 Disagreement about Inflation Expectations. Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin. ... Disagreement in expectations has important implications for anchoring of inflation
https://www.rba.gov.au/publications/rdp/2016/2016-02.html

Appendix A: Extending the Model of Consumer Inflation Expectations

6 May 2016 RDP 2016-02
Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin
RDP 2016-02: Disagreement about Inflation Expectations Appendix A: Extending the Model of Consumer Inflation Expectations. ... Next, we combine the estimated precise and rounded distributions to form an estimated population distribution of underlying
https://www.rba.gov.au/publications/rdp/2016/2016-02/appendix-a.html

Descriptive Analysis

6 May 2016 RDP 2016-02
Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin
Sources: ABS; Authors' calculations; Consensus Economics; RBA. Figure 2: Year-ahead Inflation Expectations. ... Figure 4: Distribution of Inflation Expectations. Consumer survey, share of responses, 1995–2014.
https://www.rba.gov.au/publications/rdp/2016/2016-02/descriptive-analysis.html

Conclusions

6 May 2016 RDP 2016-02
Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin
However, these differences explain only a small fraction of the overall disagreement in consumer inflation expectations. ... This suggests that there is not meaningful predictable time variation in inflation forecast confidence bands.
https://www.rba.gov.au/publications/rdp/2016/2016-02/conclusions.html

Introduction

6 May 2016 RDP 2016-02
Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin
This paper examines key stylised facts about disagreement surrounding inflation expectations in Australia. ... We document an approximate halving in disagreement about inflation expectations among respondents to.
https://www.rba.gov.au/publications/rdp/2016/2016-02/introduction.html

Disagreement about Inflation Expectations

6 May 2016 RDP 2016-02
Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin
Research Discussion Paper – RDP 2016-02 Disagreement about Inflation Expectations. Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin. ... We are grateful to Dilhan Perera for his work on individual inflation experience on which we
https://www.rba.gov.au/publications/rdp/2016/2016-02/sections.html

References

6 May 2016 RDP 2016-02
Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin
RDP 2016-02: Disagreement about Inflation Expectations References. Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin. ... XI Annual Inflation Targeting Seminar of the Banco Central do Brasil, Rio de Janeiro, 14–15 May.
https://www.rba.gov.au/publications/rdp/2016/2016-02/references.html

Disagreement about Inflation Expectations

1 Apr 2016 RDP 2016-02
Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin
This paper examines key stylised facts about disagreement surrounding inflation expectations in Australia. ... We document an approximate halving in disagreement about inflation expectations among respondents to.
https://www.rba.gov.au/publications/rdp/2016/2016-02/full.html

Data Sources

6 May 2016 RDP 2016-02
Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin
This gives us greater confidence in the relevance of our findings regarding the anchoring of inflation expectations. ... After August 1998, the question refers to inflation over the next 5 to 10 years.
https://www.rba.gov.au/publications/rdp/2016/2016-02/data-sources.html

Why Does Disagreement Arise?

6 May 2016 RDP 2016-02
Alexander Ballantyne, Christian Gillitzer, David Jacobs and Ewan Rankin
Download the Paper 1.07. MB. Before investigating the behaviour of disagreement in inflation expectations, we briefly summarise prominent models of expectations formation. ... For example, agents may have different priors on the inflation credibility of
https://www.rba.gov.au/publications/rdp/2016/2016-02/why-does-disagreement-arise.html