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.
Iraqi troops training with the US Army June 2015.
US Army/Reuters
On the face of it, Iraq and the US Federal Reserve share little. One is a country plagued by division, war and mayhem since the US invasion of 2003. It is a brutal world where there are no friends, few…
South African Reserve Bank Governor Lesetja Kganyago is the third since the bank adopted a more transparent way of operating.
Reuters/Siphiwe Sibeko
The South African Reserve Bank is a fine example of clear communication of the decision whether to hold, increase, or decrease interest rates. It also gives clear signals of future decisions.
The cut to China’s reserve requirement ratio (RRR) can also be seen as a move against China’s unregulated shadow banking sector.
Flickr/Mike Behnken
According to our expert, Plaid Cymru has some sensible financial and monetary policies… and some less sensible, too.
Implementing monetary policy is like treating a patient. A central bank needs the freedom to choose which instrument will work best.
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Mario Draghi did get round to announcing a much-anticipated new round of quantitative easing (QE) in the end, but never have nine minutes felt so long. The world tuned into the European Central Bank press…
Will Mario Draghi, president of the European Central Bank, continue with its disastrous policy history?
EPA/Boris Roessler
As investors anxiously await the announcement from the European Central Bank about whether the eurozone will implement quantitative easing (QE), we can tell from the ECB’s track record that it is very…
Not all leaders agree on the path to boosting economic growth.
Paul Miller/AAP
G20 leaders have put growth and employment at the centre of the global agenda. To spur collective growth by more than 2% over five years, member countries have agreed to implement a package of structural…
Can Draghi the gambler feel Europe’s pulse?
Dennis Skley
The European Central Bank’s decision to cut its interest rates further showed that the zero rate rubicon holds no fear, while one substantial bullet was kept in the barrel. It is a useful marker for markets…
Mario Draghi almost single-handedly rescued the Eurozone from disaster two years ago, by pledging to do “whatever it takes to preserve the euro”, so the appeal from the European Central Bank (ECB) chief…
As UK house prices continue to head sharply higher, Bank of England governor Mark Carney thinks they represent the biggest danger to the economic recovery in Britain. They certainly pose a stern test for…
Why so negative? Mario Draghi at the ECB.
Arne Dedert/EPA
When the European Central Bank unveiled a handful of unconventional monetary policies recently, one above all grabbed the attention. The inception of targeted long-term refinancing operations, preparatory…
Making things black and white at The Bank of England.
Mark Cornelius/Bank of England
When the European Central Bank sent markets reeling yesterday with moves designed to stimulate growth, the 24 people who made that decision could remain comfortable that their exact arguments and misgivings…
Distinguished Professor and Derek Schrier and Cecily Cameron Chair in Development Economics, School of Economics and Business Sciences, University of the Witwatersrand