Now, to be fair to the Governor, one can’t blame underlying long-term productivity problems on the Reserve Bank, but equally no one really doubts that those 2024 and 2025 outcomes are mostly on monetary policy:
Central banks are very well-organized in terms of their communication with market participants, as they have a predetermined schedule of policy meetings, speeches or testimonies by officials etc. Speeches by banks policymakers and especially by governing officials are extremely thoroughly scrutinized. A ...
there had been three broad eras in US trade policy history (to 1860, from 1860 to 1934, and since 1934) and (in words that must have been written very early in 2017 at the latest) “if it took the Civil War and the Great Depression ...
Does the Fed draw the lesson that aggressive monetary policy is ultimately destabilizing? Not at all. Instead, it embarks on an even more activist monetary policy that lays the seeds of an even bigger boom-bust cycle. By “aggressive monetary policy,” the author means lowering interest rates...
Graphically, this policy implies a rightward shift of the vertical line, representing the stock of available bank reserves, until it will intersect the demand for reserves schedule in the horizontal region. Through this process, the money market equilibrium will converge to the equilibrium shown in...
1, 1879. … Specie resumption proceeded on schedule, however, and Treasury Secretary John Sherman accumulated enough gold to meet the expected demand. When the public realized that the paper money was “good as gold,” there was no rush to redeem, and greenbacks continued as the accepted ...
The US tariff schedule was primarily a matter for the Congress. Perhaps some of Trump’s recent moves will eventually be held not to have been authorised by the various pieces of legislation under which Congress has delegated far too much of its power to the President, but if the insane ...
” Nynas says. Haunted by her patient’s preeclampsia emergency, she set out to remove barriers to needed care. Loaned blood pressure cuffs and bathroom scales let many of her low-risk patients receive checkups over the phone.This communication made it easier to schedule in-person visits for ...
For all monetary policy meetings ever since, the first schedule pre-determined which national central bank governors are allowed to vote.3 We estimate a causal treatment effect of the (absence of the) right to vote on quiet period breaches that is not statistically different from zero. Thus, ...
This process was halted in 2003 due to extreme political instability and rapid administrative turnover; however, the government resumed the reporting schedule in 2008 as part of its broader public financial management reform agenda, the success of which has in many ways surpassed the level of ...