Comments by RBA Governor Glenn Stevens that monetary policy in the form of lower interest rates may have reached its limits, needs to prompt debate on fiscal policy taking over.
Reserve Bank governor Glenn Stevens has left open the possibility of another rate cut, but warned against expecting monetary policy to do too much of the work in encouraging economic growth.
Last Tuesday the minutes of August’s Reserve Bank of Australia board meeting were released. Market participants speculated about what they would say, currency and bond markets responded to what they did…
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…
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…
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…
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…
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…