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RBA Governor Glenn Stevens has cited an increase in labour productivity - but all isn’t as it appears. AAP/Dan Peled

Labour productivity has risen – but it’s not exactly a good news story

Reserve Bank of Australia Governor Glenn Stevens has ticked off on a major item on the “to do” list for Australian policy-makers: raise the rate of growth in labour productivity. In his keynote speech…
Last year’s G-20 knees up. This year expect the taper, the IMF and corporate tax evasion to be the main themes. Flickr

We are all spillovers now: G20 finance meeting explained

Finance ministers and central bank governors from the Group of 20 major economies will meet in Sydney this week. A lot of troubled financial waters have flowed under the bridge since this group last met…
Glenn Stevens has acknowledged the impact of deleveraging on Australia’s economy. AAP

On High Noon Tuesday at the RBA Corral, can we expect a rate rise?

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…

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