I am a member of the “Shadow” RBA Board, which is made up of a collection of industry and academic economists. Just before every meeting of the real-world RBA Board, we announce our recommendations for…
University of Canberra Vice-Chancellor Stephen Parker and Michelle Grattan discuss the week in politics including Prime Minister Tony Abbott’s bad week, the Human Rights Commission’s report on children…
There is a silver lining to the end of the mining boom.
Image sourced from Shutterstock.com
What is the new normal for the Australian economy? With unemployment rising, commodity prices reaching new lows, and confidence subdued, is the Australian economy prepared to handle offshore headwinds…
Reserve Bank Governor Glenn Stevens has helped Treasurer Joe Hockey make his case for boosting the economy, but will it be enough?
Alan Porritt/AAP
Amy Auster, Australian Centre for Financial Studies
This week’s Reserve Bank interest rate move surprised virtually everyone, bringing the cash rate to 2.25%, yet another historic low. Despite Australian Treasurer Joe Hockey suggesting the rate cut means…
The less surprised markets are on interest rate moves the better.
Paul Miller/AAP
Though markets had somewhat priced in an Australian interest rate cut yesterday, many analysts and commentators were still left surprised. The rate had not been cut for 18 months. Over that period commentary…
The drop in oil prices, and consequently fuel costs, is driving down inflation and helping the Australian economy.
Andy Rain/EPA/AAP
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
Will it put Russia in the black or red?
Nata789 via Shutterstock
Russia’s Central Bank has raised its key interest rate from 10.5% to 17% in an emergency move that is designed to halt the ongoing collapse of the rouble, which has accelerated in recent weeks. The dramatic…
The People’s Bank of China recently cut interest rates to stimulate the economy. But it probably won’t fix the real problem.
Reuters
China’s central bank surprised most observers last month when it announced its first interest rate cut in more than two years. The move is intended to bolster growth in the world’s second-largest economy…
It’s been a steady-as-she-goes year for Reserve Bank Governor Glenn Stevens.
Alan Porritt/AAP
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
Reserve Bank governor Glenn Stevens is closely watching rising house prices.
Dean Lewins/AAP
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
Janet Yellen, chair of the Federal Reserve board.
EPA/Jim Lo Scalzo
The US Federal Reserve this week has moved one step closer to lifting interest rates by ending its controversial bond-buying program. This begins a long-anticipated process that will take many months to…
Janet Yellen will make waves next year.
International Monetary Fund
As the US economy emerges from recession, the prospect of the US Federal Reserve raising interest rates grabs the attention of the financial markets more and more. US rates have been close to zero for…
Housing policy not going to be easy street for the UK government.
Lifeofgalileo
The news that the British housing market may have reached a turning point, with one forecast showing a price fall in 2015 and a drop in London prices for the first time in three years, will have been welcome…
With the Australian dollar continuing to fall, the local economy is expected to rebalance.
Paul Miller/AAP
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
All eyes are on the US Federal Reserve to see when it will lift interest rates.
www.shutterstock.com
Six years after the dramatic collapse of Lehman Brothers, the United States economy is finally showing signs of a stronger recovery from the global financial crisis. The Federal Reserve (Fed) is winding…
CPI? Bond rate? Surcharge? What’s the best and fairest way to charge interest (or not) on student loans?
Shutterstock
The government’s plan to charge up to 6% interest on HELP loans has been widely attacked as unfair. Many critics, including Shadow Education Minister Kim Carr, the Group of Eight universities, Universities…