If we want economics to appeal to young Australians, it needs to move away from theory and towards tackling some of the trickiest issues faced by the next generation.
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Jim Stanford, University of Sydney and Richard Denniss, Crawford School of Public Policy, Australian National University
For economics to play a more helpful, critical role, it must abandon blind faith in the free market and embrace the social, historical, and environmental context in which economics actually happens.
Central banks have been struggling to achieve their targets.
AAP
The New Payment Platform may speed up transactions, but evidence suggests it could also lead to more scams and fraud, and many customers won’t switch over.
The Australian Bureau of Statistics has changed what goes into its inflation calculation.
AAP
Weak Australian inflation and housing credit data mean the Reserve Bank is unlikely to move on interest rates.
When using a cryptocurrency, you interact with a system like the blockchain, an online ledger that records transactions, directly. Bitcoin, is an examples of this.
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A digital Australian dollar could remove the role of middlemen and creates a cheaper electronic currency system, while at the same time enabling the government to fully regulate the system.
Should the Reserve Bank of Australia better represent the poor?
AAP
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.
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This week’s strong growth in full-time employment shows a robust labour market. This only deepens the puzzle of why inflation is so low at the same time.
The current system of credit card fees is too confusing.
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The Reserve Bank of Australia has announced a new five dollar note, to great general derision. The Australian Mint has a proud history of excellent design, so why is this new note so wrong?
Reserve Bank Governor Glenn Stevens has a new fan.
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This week: the Australian economy exceeds expectations, while China continues to worry. RBA Governor Glenn Stevens has reason to smile, Janet Yellen less so.