The independent review of the Reserve Bank should be headed by someone from outside the country say 12 leading economists in an open letter to the treasurer.
- Professor of Economics, The University of Melbourne
Guaranteeing that it will overshoot its target for some time is the best way of getting inflation up.
It’s far too early to declare victory. The need for conventional economic stimulus has just begun.
Leading Australian economists in four countries have signed an open letter calling on the national cabinet to think carefully before easing restrictions ‘for the sake of 'the economy’.
The legislation before parliament over-compensates some and under-compensates others, but should leave us better off on the other side.
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