Tag Archives: interestrates

Upcoming CPA Australia NFP conference

Posted on February 19, 2016 by Gene Tunny

The discouraging January labour force data released by the ABS yesterday make the economic outlook even more interesting, and Adam Creighton from The Australian is certainly correct that the weak labour market, which saw an increase in the national unemployment … Continue reading →

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What I’m reading – Bernanke’s Courage to Act

Posted on October 31, 2015 by Gene Tunny

One of my favourite passages in Ben Bernanke’s memoir of the financial crisis and its aftermath, The Courage to Act, describes how, on the way to the Federal Reserve building to deal with the imploding Bear Stearns, Bernanke takes the … Continue reading →

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RBA to address ESA Qld seminar on recent labour market developments

Posted on July 21, 2015 by Gene Tunny

As Australia has experienced below-trend economic growth recently, and the unemployment rate has crept up to around 6 per cent, reducing the bargaining power of employees, wages growth has fallen (chart above). This in turn has contributed to relatively low … Continue reading →

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Nice words from Chris Joye in the AFR regarding my question to the RBA Governor

Posted on June 12, 2015 by Gene Tunny

Leading financial economist Chris Joye has written a great piece in the Australian Financial Review on the issue of how long interest rates may stay at the very low levels they are now (RBA’s Glenn Stevens wrong on low rates … Continue reading →

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RBA should leave fiscal policy advice to the Treasury

Posted on June 11, 2015 by Gene Tunny

RBA Governor Glenn Stevens gave an odd speech in Brisbane yesterday, in which he more-or-less suggested the federal Government should try to offset the demand shock from the end of the mining boom with expanded infrastructure investment, and that now … Continue reading →

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New evidence stimulus worsened our competitiveness from Makin & Ratnasiri

Posted on May 20, 2015 by Gene Tunny

Griffith University Economics Professor Tony Makin and his co-author Shyama Ratnasiri have just published an interesting paper (Competitiveness and government expenditure: The Australian example) presenting new econometric evidence that suggests fiscal stimulus in response to the financial crisis worsened Australia’s … Continue reading →

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End of the mining boom – speech notes and slides

Posted on May 5, 2015 by Gene Tunny

In Brisbane today, in the theatre of Morgans Financial Limited, along with Griffith’s Tony Makin and Morgans’ Michael Knox, I spoke on “The end of the mining boom”, at an event organised by Griffith’s APEC Study Centre. My slides are … Continue reading →

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RBA will almost certainly cut cash rate, but economy may be stronger than it thinks

Posted on April 30, 2015 by Gene Tunny

Peter Martin, arguably the top economics journalist in Australia, appears to have been briefed by an RBA insider that the Bank will cut the cash rate next week to 2 per cent, a record low, and I’ve little doubt this … Continue reading →

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What are investors to make of depression economics?

Posted on February 9, 2015 by Gene Tunny

After the RBA Board cut the cash rate target to 2.25% last Tuesday I mentioned to a friend that the best guide to the world economy since 2008 has been Paul Krugman’s brilliant little book The Return of Depression Economics. … Continue reading →

Posted in Macroeconomy | Tagged , , , , , | 3 Comments

Big year for Econ Society in Qld – the Governor returns & national conference in July

Posted on February 3, 2015 by Gene Tunny

The Reserve Bank of Australia is making a return to the spotlight with the RBA expected by many market players to cut the cash rate today or at its March meeting, to stimulate an economy needing a boost in investment … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , | 1 Comment