The current economic climate The current conundrum facing the Australian economy is strong jobs growth but weak economic growth, labelled as a key concern by the RBA. Australia’s unemployment rate has edged back up closer to 5 per cent, with wages remaining stagnant despite strong job creation. The slight
Macro Crash Course In an economy, central banks use open market operations and reserve requirements to control the money supply and interest rates. These tools form conventional monetary policy. However, recent years have seen monetary policy enter a new world with the implementation of nonconventional measures in response to the
ESSA first addressed the nascent technology here, dissecting the hype behind blockchain and then again revisited the implications here, outlining the possibility of central bank-backed cryptocurrency. This article further analyses blockchain technology, the so-called ‘new internet’, in a macroeconomic lens, reviewing the progresses made and the hopes for the future.
Given the current economic climate, where trade disputes are more and more conceivable, it is worth considering the impact on our potential exports. While exported goods are subject to tariffs, exported services are less vulnerable to such measures. Services are instead beholden to regulation in the foreign nations they operate