acemoglu The Politics of Growth: How Institutions Shape Our World The world has been permanently changed ever since the inception of the Industrial Revolution in 1760, the main consequence being an era of ‘modern economic growth’. This new age has been characterised through an increase in life expectancy, population explosion, rapid urbanisation, dynamic labour markets and rising per capita income
inflation Revisiting Monetary Policy: Current Issues, Temporary Price Level Targeting and the Productivity Norm Rule Over the past four years, changes in the consumer price index have hovered around one to two per cent, which is below the two to three per cent band of inflation that the Reserve Bank of Australia (RBA) has committed to achieving. This has weakened the credibility of the RBA
energy policy The Energy Supply Myth: Why The Government’s Gas Lead Recovery Plan Is Dubious At Best The Morrison government has announced new measures to shore up domestic gas supply in Australia to help reduce energy prices in the hope that it will boost manufacturing employment and alleviate the pressures that households are facing. These reforms would be aimed at increasing gas production in the East Coast
inflation targeting Market Monetarism Maybe? The Case for Nominal GDP Targeting in Australia The primary objective of the Reserve Bank of Australia (RBA) is to control inflation and to maintain a change in the consumer price index [1] of 2 to 3 per cent, on average, over time, in order to maintain price stability and achieve full employment. [2] However, given the recent
