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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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
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The Global Financial Environment
8 Apr 2021
FSR
– April 2021
Deposits have increased given fiscal stimulus payments to households and businesses, reduced opportunities for spending and increased caution. ... Local governments' use of bonds instead of off-balance sheet entities has increased transparency, but the
https://www.rba.gov.au/publications/fsr/2021/apr/global-financial-environment.html
Statement on the Conduct of Monetary Policy – 24 October 2013
9 Mar 2023
Statement recording the common understanding of the Governor, as Chairman of the Reserve Bank Board and the Government on key aspects of Australia's monetary policy framework
https://www.rba.gov.au/monetary-policy/framework/stmt-conduct-mp-6-24102013.html
Statement on the Conduct of Monetary Policy
30 Jun 1997
RBA Annual Report
– 1997
objectives of monetary policy, the mechanisms for ensuring transparency and accountability in the way policy is conducted, and the independence of the Bank. ... For its part the Government indicates again that it endorses the Bank's objective and
https://www.rba.gov.au/publications/annual-reports/rba/1997/state-conduct.html
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
Statement on the Conduct of Monetary Policy – 18 September 2006
9 Mar 2023
Statement recording the common understanding of the Governor, as Chairman of the Reserve Bank Board and the Government on key aspects of Australia's monetary policy framework
https://www.rba.gov.au/monetary-policy/framework/stmt-conduct-mp-3-18092006.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
Statement on the Conduct of Monetary Policy – 8 December 2023
1 Feb 2024
Statement recording the common understanding of the Governor, as Chairman of the Reserve Bank Board and the Government on key aspects of Australia's monetary policy framework
https://www.rba.gov.au/monetary-policy/framework/stmt-conduct-mp-8-2023-12-08.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