True wages growth, and true price growth, is probably less than the official figures suggest – meaning there’s no need for alarm about inflation in Australia.
The Reserve Bank of Australia says it’s prepared to ease monetary policy further if needed to stimulate the economy. But is the policy working when interests rates are so low?
Democratic candidate frontrunner Elizabeth Warren’s signature policy proposal is to tax the rich.
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Inflation has barely been within the Governor Philip Lowe’s target band his entire time in office. Zero inflation means he should cut now, before the election.
Both Australia’s trend and seasonally adjusted GDP per capita growth rates have dipped below zero.
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The treasurer says 2018 was a year of two halves, but there were signs of a downturn well before mid year.
Newly-elected US Democrat Alexandria Ocasio-Cortez is co-author of the New Green Deal which proposes massively expanding the budget deficit as a way of supporting both the environment and the economy.
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Hardly anyone believes that prices are really increasing by only 1.9% per year. The fault lies with us, and also the way the Bureau of Statistics adjusts prices for ‘quality’.
Australia’s unemployment rate is at what would once been regarded as full employment. But that doesn’t mean it can’t fall further.
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It is thought that it doesn’t help much to cut official interest rates toward or beyond zero, and maybe it doesn’t, but new research suggests the answer has a lot to do with the housing market.