Tag Archives: rba

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

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RBA Governor Lowe does Treasurer Dick a favour in lead up to 1 December Qld Budget

Queensland Treasurer Cameron Dick is facing a tough challenge developing the COVID-recession-ravaged state budget, but the Reserve Bank of Australia will make his task a little bit easier with its new round of Quantitative Easing, by which it purchases Australian … Continue reading

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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

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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

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Premier’s border decision helps, but it’s still early days in any recovery from virus recession

The Queensland Premier’s decision to reopen the border to non-Victorian interstate travellers and to bring forward the relaxation of a range of restrictions will no doubt provide a bit of a boost to the economy (e.g. the Courier-Mail is reporting … Continue reading

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Overly optimistic reactions to discouraging GDP data

The RBA and the Government must be happy the media is accepting the Bank’s “gentle turning point” view of the Australian economy (e.g. see the AFR’s ‘Back on track’: GDP lifts to 1.7pc), but I can’t see how the September … Continue reading

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Luckily Qld property prices never reached crazy levels that NSW’s and Victoria’s did – now less room to fall

Michael Janda at ABC News has a good summary of the residential property price data for December quarter published yesterday by the ABS: Australia’s $133 billion property price slide rapidly becoming the worst in modern history This correction has been … Continue reading

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QEW week that was video – coal, negative gearing & the economic outlook

Posts from me and other commentators mentioned or alluded to in this video include: Housing industry round table with Treasurer Frydenberg at Parliament House Latest Qld wages growth and Qld labour market summary from Nick Behrens WTF happened to BNE-CNS? … Continue reading

Posted in Cairns, China, Climate change, Housing, Uncategorized | Tagged , , , , , , , , , , , , , , | 1 Comment

Qld: hot or not? My presentation at the Brisbane Club on Wednesday 6 February

It was a great day to give an economic outlook presentation, with RBA Governor Philip Lowe announcing a change in monetary policy guidance, from saying the next rate movement would most likely be up, to saying the cash rate may … Continue reading

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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