Monetary policy must be forward looking. It has limited ability to affect the here and now of the economy, as this has largely already been determined – by employment decisions, investment decisions and…
Glenn Stevens has acknowledged the impact of deleveraging on Australia’s economy.
AAP
I have a hunch that the RBA will follow its conventional “neoclassical” models and raise rates this afternoon, even though the economy is locked in “two speed” mode, and the global economy is racked by…
There is economic reasoning behind Glenn Stevens’s low public profile.
AAP
Late last month, Ben Bernanke held the first ever press conference by a chairman of the US Federal Reserve Bank.
For more than an hour, he took questions about the Federal Open Market Committee’s decision…
