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at 10:40 am on April 7, 2021 | 33 comments
For years we have been pounding away at the need for a comprehensive review of the structure of Australian monetary policy. It’s been obvious since the end of the commodity boom in 2011 that it was needed. As the rest of the world embarked on brave experiments in monetary policy – everything from macroprudential tools to fiscal bullying to including asset prices in mandates – the RBA and APRA stuck their collective heads in the sand and helped deliver an economic lost decade to Australian households.
Now, finally, we’re seeing an awakening:
Scott Morrison is desperately pretending a major crisis isn’t happening, as Australia is shamed by the world on a crucial measure in the fight against COVID.
Scott Morrison is desperately pretending a major crisis isn’t happening, as Australia is shamed by the world on a crucial measure in the fight against COVID.
Scott Morrison is desperately pretending a major crisis isn’t happening, as Australia is shamed by the world on a crucial measure in the fight against COVID.
Scott Morrison is desperately pretending a major crisis isn’t happening, as Australia is shamed by the world on a crucial measure in the fight against COVID.