Reserve Bank of Australia - Economics Students Society of Australia

Reserve Bank of Australia

A collection of 2 posts

Revisiting Monetary Policy: Current Issues, Temporary Price Level Targeting and the Productivity Norm Rule

Revisiting Monetary Policy: Current Issues, Temporary Price Level Targeting and the Productivity Norm Rule

Over the past four years, changes in the consumer price index have hovered around one to two per cent, which is below the two to three per cent band of inflation that the Reserve Bank of Australia (RBA) has committed to achieving. This has weakened the credibility of the RBA

Market Monetarism Maybe? The Case for Nominal GDP Targeting in Australia

inflation targeting

Market Monetarism Maybe? The Case for Nominal GDP Targeting in Australia

The primary objective of the Reserve Bank of Australia (RBA) is to control inflation and to maintain a change in the consumer price index [1] of 2 to 3 per cent, on average, over time, in order to maintain price stability and achieve full employment. [2] However, given the recent