Research Discussion Paper – RDP 2001-02 Changes in the Determinants of Inflation in Australia

Contents

• Introduction
• Inflation Performance
• Influences on Inflation
• The Inflation Process
• Conclusion
• Appendix A: Data
• Appendix B: First Stage Import Price Equation
• Appendix C: Second Stage Import Price Equation
• Appendix D: Inflation Equation
• References

Revised version of a paper delivered at the Bank for International Settlements conference ‘Empirical Studies of Structural Changes and Inflation’, 31 October 2000. We are grateful to Adam Cagliarini and Sharon Wardrop for their technical assistance and to David Gruen for his helpful comments.