Search: inflation target

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RBA Glossary definition for inflation target

inflation target – A tool to guide monetary policy expressed as a preferred range or figure for the rate of increase in prices over a period. In Australia, the inflation target is between 2 and 3 per cent per annum on average over the course of the business cycle.

RBA Glossary definition for inflation

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

Search Results

Fiscal Policy and the Inflation Target

4 Apr 2014 RDP 2014-02
Peter Tulip
However, discussions of monetary policy have neglected this fiscal activism, leading to over-estimates of the costs of the zero lower bound and, hence, of the appropriate inflation target. ... An increase in the inflation target is not warranted, despite
https://www.rba.gov.au/publications/rdp/2014/2014-02.html

Fiscal Policy and the Inflation Target

18 Dec 2014 RDP 2014-02
Peter Tulip
Research Discussion Paper – RDP 2014-02 Fiscal Policy and the Inflation Target.
https://www.rba.gov.au/publications/rdp/2014/2014-02/

Appendix B: FRB/US Fiscal Equations

29 Aug 2014 RDP 2014-02
Peter Tulip
RDP 2014-02: Fiscal Policy and the Inflation Target Appendix B: FRB/US Fiscal Equations.
https://www.rba.gov.au/publications/rdp/2014/2014-02/appendix-b.html

Introduction

29 Aug 2014 RDP 2014-02
Peter Tulip
RDP 2014-02: Fiscal Policy and the Inflation Target 1. Introduction. Peter Tulip. ... The idea that fiscal activism might lower the inflation target is not new.
https://www.rba.gov.au/publications/rdp/2014/2014-02/introduction.html

Lessons of the Crisis

10 Dec 2014 RDP 2014-02
Peter Tulip
RDP 2014-02: Fiscal Policy and the Inflation Target 6. Lessons of the Crisis. ... If fiscal policy were even more aggressive, the inflation target could be lower still.
https://www.rba.gov.au/publications/rdp/2014/2014-02/lessons-crisis.html

Appendix A: Measurement of Recent Stimulus

29 Aug 2014 RDP 2014-02
Peter Tulip
RDP 2014-02: Fiscal Policy and the Inflation Target Appendix A: Measurement of Recent Stimulus.
https://www.rba.gov.au/publications/rdp/2014/2014-02/appendix-a.html

Expectations

10 Dec 2014 RDP 2014-02
Peter Tulip
RDP 2014-02: Fiscal Policy and the Inflation Target 7. Expectations. Peter Tulip. ... To be precise, in simulations with β = 0.7 and a 2 per cent inflation target, a stimulus exceeding 2 per cent of GDP occurs once every 12 years, on average.
https://www.rba.gov.au/publications/rdp/2014/2014-02/expectations.html

The Effect of Fiscal Stimulus

12 Dec 2014 RDP 2014-02
Peter Tulip
Table 2: Simulated Outcomes at Different Inflation Targets. Inflation target. 0 per cent. ... As the inflation target approaches the lower bound, monetary policy is constrained more often.
https://www.rba.gov.au/publications/rdp/2014/2014-02/effect-fiscal-stimulus.html

The FRB/US Model

10 Dec 2014 RDP 2014-02
Peter Tulip
RDP 2014-02: Fiscal Policy and the Inflation Target 4. The FRB/US Model. ... This model has been used in some key contributions on the setting of the inflation target (Reifschneider and Williams 2000; FOMC 2005; Williams 2009), though without
https://www.rba.gov.au/publications/rdp/2014/2014-02/model.html

References

29 Aug 2014 RDP 2014-02
Peter Tulip
RDP 2014-02: Fiscal Policy and the Inflation Target References. Peter Tulip. ... Their Inflation Targets in Light of the Zero Lower Bound?’,.
https://www.rba.gov.au/publications/rdp/2014/2014-02/references.html