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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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Inflation Targeting in a Small Open Economy

1 Jul 1998 RDP 9807
Nargis Bharucha and Christopher Kent
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1998/9807.html

Inflation Targeting in an Open Economy

1 Jul 1998 RDP 9807
Nargis Bharucha and Christopher Kent
This justifies the distinction between CPI-inflation targeting, and targeting inflation of domestically produced goods. ... Inflation in the traded sector is determined by changes in the exchange rate.
https://www.rba.gov.au/publications/rdp/1998/1998-07/inflation-targeting-in-an-open-economy.html

Inflation Targeting in a Small Open Economy

1 Jul 1998 RDP 9807
Nargis Bharucha and Christopher Kent
Research Discussion Paper – RDP 9807 Inflation Targeting in a Small Open Economy.
https://www.rba.gov.au/publications/rdp/1998/1998-07/

Conclusion

1 Jul 1998 RDP 9807
Nargis Bharucha and Christopher Kent
Download the Paper 422. KB. This paper analyses inflation targeting in a small open economy. ... For an exchange rate shock, targeting aggregate inflation implies a larger interest rate response.
https://www.rba.gov.au/publications/rdp/1998/1998-07/conclusion.html

Appendix C: Further Results

1 Jul 1998 RDP 9807
Nargis Bharucha and Christopher Kent
RDP 9807: Inflation Targeting in a Small Open Economy Appendix C: Further Results. ... Aggregate inflation target. Non-traded inflation target. Model A – backward-looking. 11.47.
https://www.rba.gov.au/publications/rdp/1998/1998-07/appendix-c.html

Appendix B: State-space Forms

1 Jul 1998 RDP 9807
Nargis Bharucha and Christopher Kent
RDP 9807: Inflation Targeting in a Small Open Economy Appendix B: State-space Forms.
https://www.rba.gov.au/publications/rdp/1998/1998-07/appendix-b.html

Introduction

1 Jul 1998 RDP 9807
Nargis Bharucha and Christopher Kent
One way of avoiding such an extreme outcome may be to target non-traded inflation. ... Section 3 presents empirical evidence that aggregate inflation behaves differently to non-traded inflation.
https://www.rba.gov.au/publications/rdp/1998/1998-07/introduction.html

References

1 Jul 1998 RDP 9807
Nargis Bharucha and Christopher Kent
RDP 9807: Inflation Targeting in a Small Open Economy References. Nargis Bharucha and Christopher Kent. ... 383–398. Debelle, G. (1997), ‘Inflation Targeting in Practice’, IMF Working Paper No.
https://www.rba.gov.au/publications/rdp/1998/1998-07/references.html

Appendix A: Data

1 Jul 1998 RDP 9807
Nargis Bharucha and Christopher Kent
Definition:. Components of the Treasury underlying consumer price index (1989/90=100) are used to construct our measures of traded and non-traded inflation (see Kearns 1997). ... In part this is because the econometric specification captures the effect
https://www.rba.gov.au/publications/rdp/1998/1998-07/appendix-a.html

Non-traded and Traded Inflation – Some Empirical Evidence

1 Jul 1998 RDP 9807
Nargis Bharucha and Christopher Kent
In contrast, our measure of CPI inflation in the traded sector is less volatile. ... The average level of non-traded inflation is noticeably higher over this period.
https://www.rba.gov.au/publications/rdp/1998/1998-07/non-traded-and-traded-inflation-some-empirical-evidence.html