Tag Archives: inflation

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 , , , , , , , , , , | Leave a comment

Fiscal Stimulus with Fabrizio Carmignani – my latest Economics Explored podcast episode

Fiscal stimulus is very topical worldwide, with the new US President Joe Biden proposing a US$1.9 trillion COVID relief and stimulus package. And, in Australia, there is a debate occurring over how to support the tourism sector once JobKeeper finishes … Continue reading

Posted in Budget, Macroeconomy | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Huge swings in Bitcoin value make it hard to believe it will ever replace traditional currencies

The Bitcoin price was getting close to US$20,000 at the end of last month, but has since come down to a bit over US$18,000. In March, it was around US$5,000 (see chart above). There has been a lot of speculative … Continue reading

Posted in Macroeconomy | Tagged , , , , , , | Leave a comment

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 , , , , , , , , , , | 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 , , , , , , , , , , , , , , , , , , , , | 2 Comments

Paying for the coronavirus rescue measures – Economics Explained EP31 with Joe Branigan

I recorded another Economics Explained podcast episode on coronavirus with my good friend and former Treasury colleague Joe Branigan last night, this time exploring how governments will finance the rescue packages and make up for lost revenue. Here’s a link … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , , | Leave a comment

QEW video – the week that was: 27-Jan to 2-Feb-19

First, my thoughts and prayers are with the people of Townsville and North Queensland in this challenging time of heavy rain and flooding. Second, below is a slide show (with commentary) I’ve recorded on the economic news of the last … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , , , | 4 Comments

My comments in “Liberal bloodbath” Diplomat article

Brisbane-based writer Anthony Fensom has written an excellent article at The Diplomat titled Liberal Bloodbath Repels Australian Voters in which he quotes me among other commentators: Similarly, economist Gene Tunny said the 2019 result was already a foregone conclusion, despite … Continue reading

Posted in Labour market, Macroeconomy, Uncategorized | Tagged , , , , , , | Leave a comment

RBA Deputy Governor Guy Debelle’s Low Inflation address to ESA Qld at the Brisbane Hilton

Last Wednesday, RBA Deputy Governor Guy Debelle addressed the ESA (Qld) business lunch at the Brisbane Hilton on the topic of low inflation.* The Deputy Governor took the audience through the different components of the consumer price index (CPI) and … Continue reading

Posted in Housing, Macroeconomy, Uncategorized | Tagged , , , , , , , , , | 5 Comments

Holiday reading – Till Time’s Last Sand: A History of the Bank of England 1694-2013

Over the Christmas and New Year break, I finishing reading Till Time’s Last Sand, British historian David Kynaston’s masterful history of the Bank of England, covering its first 320 years since its establishment in 1694, when incidentally it became the … Continue reading

Posted in Queensland Government, Uncategorized | Tagged , , , , , , , , , | 2 Comments