Research Discussion Paper – RDP 1999-08 Inflation Targeting and Output Stabilisation

Contents

• Introduction
• Theory
• Inflation and Output Variability
• Evidence
• Practice
• Three Episodes in Australia's Experience with Inflation Targeting
• Conclusion
• References

This paper was prepared for a seminar on ‘Inflation Targeting in Brazil’ held in Rio de Janiero, 3–5 May 1999. I would like to thank David Gruen and Glenn Stevens for helpful comments. The views expressed are those of the author, and not necessarily those of the Reserve Bank of Australia.