Tag Archives: rba

Great RBA speech highlighting new labour market flexibility and links with NZ labour market

Posted on August 15, 2015 by Gene Tunny

The Queensland Branch of the Economic Society of Australia, of which I’m the Secretary, was delighted yesterday to host a speech by the Assistant Governor (Economic) of the Reserve Bank of Australia Christopher Kent on Adjustments in the Labour Market. … 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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ACE2015 careers session on a day in the life of a professional economist

Posted on July 8, 2015 by Gene Tunny

The 2015 Australian Conference of Economists (ACE2015) has commenced in Brisbane at QUT’s Gardens Point campus. Yesterday I participated as a panelist in a session at the PhD Colloquium on a day in the life of a professional economist, along … 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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Qld bouncing back nicely after technical recession in 2014

Posted on June 11, 2015 by Gene Tunny

The ABS labour force data for May give me much greater confidence that Queensland is bouncing back nicely from the technical recession we experienced over much of 2014 due to the end of the mining boom (see chart above). Queensland’s … Continue reading →

Posted in Labour market | Tagged , , , , , | 2 Comments

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 →

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

Business confidence in Queensland – the most reliable estimate (Westpac-CCIQ) is the most worrying

Posted on June 1, 2015 by Gene Tunny

There is currently a large disparity among business confidence survey results for Queensland. The Sensis and Westpac Group-CCIQ reports for the March quarter suggest business confidence is relatively low, but the NAB report for the month of April, which the … Continue reading →

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

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 →

Posted in Macroeconomy, Retail trade | Tagged , , , , , , , , , , | 6 Comments