Macro Musings with David Beckworth cover image

Zac Gross on the Past, Present, and Future of Australian Monetary Policy

Macro Musings with David Beckworth

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The Reserve Bank of Australia and Inflation Targeting

This chapter explores the Reserve Bank of Australia's adoption of inflation targeting in the 90s, the choice of a 2-3% inflation target range, how Australia measures underlying inflation, discussions around raising the inflation target, and the issue of central bank credibility.

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