Both opposition leader Bill Shorten and prime minister Scott Morrison dodged the question about maintaining a surplus no matter what.
The state of budget-balance fetishism in Australia means political leaders promise to balance the budget, no matter what.
It’s one thing to have money, it’s another to be able to spend it to best effect.
Last time Australia got lucky. We are unlikley to get lucky again.
City Skyline and Main River in Frankfurt, Germany.
Valerian Alecsa / Shutterstock
Economic polarisation across Europe is becoming an important phenomenon, in part driven by monetary policies that can increase office prices and can even affect the fundamentals that drive the markets.
Whether there is a floor beneath which cuts in interest rate are ineffective depends in part on house prices.
It is thought that it doesn't help much to cut official interest rates toward or beyond zero, and maybe it doesn't, but new research suggests the answer has a lot to do with the housing market.
The push to nationalise South Africa's Reserve Bank is informed by the mistaken view that private shareholders affect monetary policy.
The RBA governor gave a speech on demographics and monetary policy.
The new RBA monetary statement is just like the old one.
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee.
Reuters/James Lawler Duggan
President Trump has been attacking the Fed's current policy of slowly raising interest rates. A former central bank official explains why that's so troubling.
People queuing to withdraw cash at an ATM. Demonetisation in India has not met its target and actually reinforced informal networks.
Instead of a clear movement toward more formalised economic transactions, demonetisation in India has reinforced the informal economy.
The South African Reserve Bank needs to guide the market on how it is going to treat VAT increase in its inflation targeting approach.
Treasury Secretary Steven Mnuchin walks through the snow at Davos.
AP Photo/Markus Schreiber
The treasury secretary said a weak dollar would be 'good' for the U.S. Here's why he's wrong.
A change in the ownership of the South African Reserve Bank from private shareholders to government shouldn't impact the constitutional mandate of the central bank in any way.
This man may soon be the world’s ‘second-most-powerful person.’
AP Photo/Andrew Harnik
The chair of the Federal Reserve is often considered the world's 'second-most-powerful person.' So who is Jerome Powell and why does it matter that he may soon head the Fed?
Should the Reserve Bank of Australia better represent the poor?
A new report suggests the board of the Reserve Bank of Australia should income a "representative of the poor". This is a proposal worthy of consideration.
The US Federal Reserve is unwinding its bond buying program.
The market welcomed statements from the US Federal Reserve and the RBA, but there isn't much to be happy about.
The Jackson Hole Mountain Resort serves as the backdrop for an annual meeting of economic heavyweights.
The annual meeting of central bankers and economics professors in Wyoming is a chance for some to send a message on the path of monetary policy.
Fed Chair Janet Yellen heads one of the most powerful financial institutions in the world.
Randal Quarles, the president's first nominee to the Federal Reserve's board of governors, has argued the bank should use rules to make decisions. But could such a shift prove disastrous in a crisis?
Stable food prices are a central issue for South Africa’s Reserve Bank. But should it be doing more to protect the poor?
There's a raging debate in South Africa about the role of its central bank. This is inevitable given that so much is changing in the world of central banking and in economic life.
All over the world people who have been harmed by the conventional money systems are devising alternative currencies, challenging the centralised monetary policy approach.
The UK has had a chronic lack of investment.
Dealing with the UK's chronic lack of investment is as important as getting the Brexit negotiations right – and much more important than balancing the books.
South Africa’s Reserve Bank Governor Lesetja Kganyago.
The South African Reserve Bank has come under spotlight due to the critical role it must play in enabling the country to navigate rough waters. Governor Lesetja Kganyago shares his views.