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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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Modelling Inflation in Australia

1 Jun 2010 RDP 2010-03
David Norman and Anthony Richards
Research Discussion Paper – RDP 2010-03 Modelling Inflation in Australia. David Norman and Anthony Richards.
https://www.rba.gov.au/publications/rdp/2010/2010-03/

Modelling Inflation in Australia

7 Jul 2010 RDP 2010-03
David Norman and Anthony Richards
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2010/2010-03.html

Appendix A: Derivation of the Mark-up Model of Inflation

31 Dec 2010 RDP 2010-03
David Norman and Anthony Richards
inflation (α = 1); and ϕ 0 governs the magnitude of price-adjustment costs. ... This specification does not imply that the output gap only influences inflation via mark-ups.
https://www.rba.gov.au/publications/rdp/2010/2010-03/appendix-a.html

Changes in the Inflation Process over Time

31 Dec 2010 RDP 2010-03
David Norman and Anthony Richards
RDP 2010-03: Modelling Inflation in Australia 6. Changes in the Inflation Process over Time. ... Table 4: Split-sample Inflation Model Estimates. Standard PC. Mark-up model. 1982:Q2–1992:Q4.
https://www.rba.gov.au/publications/rdp/2010/2010-03/changes-inflation-process-over-time.html

Conclusions

31 Dec 2010 RDP 2010-03
David Norman and Anthony Richards
RDP 2010-03: Modelling Inflation in Australia 7. Conclusions. David Norman and Anthony Richards. ... so years, consistent with the stability of inflation and inflation expectations over that time.
https://www.rba.gov.au/publications/rdp/2010/2010-03/conclusions.html

Results

31 Dec 2010 RDP 2010-03
David Norman and Anthony Richards
Table 1: Inflation Model Estimates. Standard PC. NKPC. OLS NKPC. Mark-up model. ... To conserve degrees of freedom, only one lag of each endogenous variable (trimmed mean inflation, inflation expectations, the output gap and quarterly growth in unit
https://www.rba.gov.au/publications/rdp/2010/2010-03/results.html

Introduction

31 Dec 2010 RDP 2010-03
David Norman and Anthony Richards
of inflation expectations in Australia, once we have controlled for import price shocks. ... unlikely to perform well if inflation ever deviated persistently and substantially from target.
https://www.rba.gov.au/publications/rdp/2010/2010-03/introduction.html

Appendix B: Additional Regression Results

31 Dec 2010 RDP 2010-03
David Norman and Anthony Richards
RDP 2010-03: Modelling Inflation in Australia Appendix B: Additional Regression Results.
https://www.rba.gov.au/publications/rdp/2010/2010-03/appendix-b.html

References

31 Dec 2010 RDP 2010-03
David Norman and Anthony Richards
RDP 2010-03: Modelling Inflation in Australia References. David Norman and Anthony Richards. ... de Brouwer G and NR Ericsson (1995), ‘Modelling Inflation in Australia’, RBA Research Discussion Paper No 9510.
https://www.rba.gov.au/publications/rdp/2010/2010-03/references.html

Estimation

31 Dec 2010 RDP 2010-03
David Norman and Anthony Richards
RDP 2010-03: Modelling Inflation in Australia 3. Estimation. David Norman and Anthony Richards. ... coefficients on inflation and inflation expectations as per Equation (3), so that the specification is:.
https://www.rba.gov.au/publications/rdp/2010/2010-03/estimation.html