Peter Martin, Crawford School of Public Policy, Australian National University
Sure, a good many of us don’t trust politicians – but surely politicians ought to trust politicians. History shows why they might one day need to overturn a Reserve Bank decision.
Peter Martin, Crawford School of Public Policy, Australian National University
30 years ago, Labor Prime Minister Paul Keating adopted an ambitious official target for Australian unemployment. The Albanese government just passed up a historic opportunity to go even further.
Renee McKibbin, Crawford School of Public Policy, Australian National University
Complaints that our recommendations would weaken the Reserve Bank governor ignore the fact that outsiders already control the board. We just want them do it better.
Peter Martin, Crawford School of Public Policy, Australian National University
Australia has never clearly defined what “full employment” means. That’s about to change – and a more ambitious definition could help keep 150,000 or more Australians in work.
Just as we have the country’s smartest legal minds on the High Court and our best health practitioners setting vaccine policy, the review wants the best economists to set monetary policy.