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Recent Posts
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- What is the fiscal impulse from the Australian Budget?
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- Auditor-General exposes deep flaws in Queensland’s governance
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Tag Archives: fed
Global stagflation risk increasing – my latest podcast episode
Earlier this week, the World Bank cut its global economic growth forecast and warned of the risk of 1970s-type global stagflation, with a coincidence of high inflation and low growth and high unemployment. I had already decided to cover stagflation … Continue reading
Posted in Macroeconomy
Tagged australia, economics, fed, inflation, interestrates, monetarypolicy, rba, recession, stagflation, usa, wagepricespiral
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RBA is copying the Fed as Michael Knox forecast
In my previous post, I discussed my latest podcast chat with Morgans Chief Economist Michael Knox who forecast the RBA would today increase the cash rate to 0.85%, as it did. As Michael noted, the RBA has been copying the … Continue reading
Posted in Macroeconomy
Tagged australia, cashrate, fed, inflation, interestrates, monetarypolicy, rba, usa
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RBA’s next move: 25, 40, or 50 basis points? Michael Knox says 50 on Economics Explored
Next Tuesday, the RBA will increase the cash rate again, but it’s uncertain by just how much. Reuters is reporting RBA to raise rates a modest 25 bps in June, some call for 40 bps, where bps stands for basis … Continue reading
Posted in Labour market, Macroeconomy
Tagged australia, deficits, economics, fed, gdpgap, inflation, interestrates, monetarypolicy, rba, recession, usa
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Economic update: interest rates, monetary policy, fiscal policy, and coal prices
The election debate would benefit from a clear understanding of the factors affecting interest rates, now that the RBA has increased the cash rate from the “emergency level” of 0.1%, practically the lowest it could go, to the still extraordinarily … Continue reading
Posted in Macroeconomy
Tagged australia, budget, fed, fiscalpolicy, inflation, interestrates, monetarypolicy, moneysupply, qld, queensland, rba
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Growing concerns that stimulus and money printing are fuelling inflation
Setting off an inflationary spiral is one of the big risks with the mega-stimulus measures and Quantitative Easing or money printing we’ve seen in the responses of governments and central banks to the pandemic. This month, we’ve seen some higher-than-expected … Continue reading
Posted in Macroeconomy
Tagged australia, bitcoin, centralbanks, cpi, fed, gold, inflation, mmt, moneysupply
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Interest rates and inflation with Michael Knox, Chief Economist of Morgans
Jonathan Shapiro has an interesting article in the Financial Review, Why the market has suddenly woken up to inflation, in which he writes: …the lower-for-longer [interest rates] doubters are re-emerging. They believe deliberately slow-to-act central banks in the US and … Continue reading
Posted in Macroeconomy
Tagged australia, bearmarket, bonds, fed, inflation, interestrates, monetarypolicy, qe, quantitativeeasing, rba, usa
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COVID compared with wartime economic impacts – my latest podcast episode
The latest episode of my Economics Explored podcast features a conversation on whether COVID can be compared to wartime. The episode considers the different scales and scopes of the shocks, and what it all means for prospects for economic recovery. In … Continue reading
Posted in Labour market, Macroeconomy
Tagged australia, bankofengland, coronavirus, covid, covid-19, debt, fed, gdp, money, production, rba, stimulus, unemployment, usa, wartime, worldwar2, ww2
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Michael Knox on Quantitative Easing as a long-term strategy
Australia’s money supply has surged over the year as the RBA has undertaken Quantitative Easing (QE), electronically printing new money to buy Australian and state government bonds and to lend to the banks (see the chart of M3, a measure … Continue reading
Posted in Macroeconomy
Tagged australia, fed, fiscalpolicy, inflation, macroeconomicpolicy, monetarypolicy, qe, quantitativeeasing, rba, reservebank, usa
1 Comment
The Deficit Myth and Modern Monetary Theory – latest podcast episode
I’ve recorded some thoughts on Stephanie Kelton’s best-selling book The Deficit Myth which is popularising so-called Modern Monetary Theory: The Deficit Myth and Modern Monetary Theory – initial views In my recorded conversation with my Adept Economics colleague Ben Scott, … Continue reading
Posted in Budget, Macroeconomy
Tagged australia, balancesheet, banks, bonds, centralbank, crowdingout, debt, deficits, economics, economy, fed, fiatmoney, inflation, mmt, modernmonetarytheory, money, qe, quantitativeeasing, rba, unemployment, usa
2 Comments
Challenges of Economic Forecasting in the COVID-19 Pandemic with Prof. Rodney Strachan from UQ
The Brisbane south side COVID-cases and the Queensland Government’s declaration of greater Sydney as a COVID-hot spot are bad news for Queensland’s economy. Around the world, public health measures and public anxiety related to COVID-19 are causing huge swings in … Continue reading
Posted in Macroeconomy
Tagged coronavirus, covid-19, econometrics, economics, employment, fed, finance, forecasting, gdp, pandemic, statistics, unemployment, var
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Queensland Economy Watch 