Tag Archives: rba

UQ student’s Treasury prize winning essay highlights benefits of competition & free trade

The Australian Treasury yesterday announced the winner of its inaugural essay competition, and the award went to University of Queensland Economics student Elizabeth Baldwin, who incidentally also won the RBA/Economic Society of Australia essay prize last year. The essay question … Continue reading

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RBA making it up as it goes along

After a speech by Assistant RBA Governor Michele Bullock yesterday, there is speculation about the RBA pushing APRA to instruct banks to further restrain their lending to housing investors- strengthening the so-called macro-prudential regulation that has had only limited success … Continue reading

Posted in Housing, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , | 6 Comments

Strong growth in plant & equipment capex is good news for Qld economy

Last Friday, in his opening statement to the House of Representatives Standing Committee on Economics, RBA Governor Phil Lowe observed: “Nationally, measures of business conditions have picked up noticeably recently. For some time we have been waiting for a lift … Continue reading

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Better Living through Economics – upcoming presentation at UQ

Economists have made immense contributions to people’s wellbeing over the last fifty years. An Australian example that comes to mind is the instrumental role economists played in advocating for and designing microeconomic reforms, including tariff reductions, privatisations and the deregulation … Continue reading

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

ABC Regional Drive interview – dubious jobs data another sign ABS is struggling under a tight budget

In its September labour force report, which reported the Australian unemployment rate fell to 5.6% from 5.7% while employment fell by 9,800 (and full-time employment fell 53,000!), contrary to the jobs growth the market was expecting, the ABS more or … Continue reading

Posted in Labour market, Uncategorized | Tagged , , , , , , , | 3 Comments

New motor vehicle sales lower in Qld than before financial crisis

New motor vehicle sales data for April released by the ABS yesterday support the RBA Board’s decision to cut the cash rate on Budget day earlier this month, with sales down 2.5% in April nationwide, and down 7.7% in Queensland, … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , , , | 2 Comments

Don’t miss 16 June Brisbane speech by RBA Deputy Governor Philip Lowe, the Bank’s next Governor

At a lunchtime event at Tattersall’s Club in Brisbane yesterday, after he predicted another interest rate cut this year in either June or August, Dr Chris Caton, BT’s Chief Economist, noted that “Interest rate changes are like cockroaches.” That is, … Continue reading

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