The fact is, people do not always behave dispassionately and logically. Which is why measuring consumer sentiment matters.
- Associate Professor of Economics, Melbourne Business School
Let’s be realistic. Australia is the lowest ranked of the 32 teams in the World Cup, and despite a very creditable performance in its first match against Chile, its chances of making it out of the group…
In the world of macroeconomic data and policy, this is an important week. Yesterday saw the latest monetary policy decision from the Reserve Bank of Australia (RBA), while today the Australian Bureau of…
Election FactCheck is checking key claims in political advertisements. Here we look at the “Rudd’s record” ad from the Liberal Party. Kevin Rudd was borrowing $100 million every day. Now we have a $254…
When Ben Bernanke succeeded Alan Greenspan as Chair of the Board of Governors of the United States Federal Reserve in early 2006, macroeconomists were busy trying to understand the “Great Moderation…
The announcement by the US Federal Reserve Bank that it would link its monetary policy to the achievement of specific economic targets beyond inflation is a new development in its approach to policy. In…
The Nobel prize for economics is often awarded for relatively abstract theoretical work. Rather less often, it is awarded for work with clear practical relevance. This year, the committee responsible for…
Welcome to part six of our Race to the White House podcast series. Each week we’ll be talking to Australia’s top US experts on the ins and outs of the 2012 US presidential campaign. This week, we take…
Princeton University professor Christopher Sims and New York University economist Thomas Sargent have been jointly named the 2011 winners of the Nobel Prize in Economics (or, for the purists, the Sveriges…
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