Zac Gross on the Past, Present, and Future of Australian Monetary Policy
Macro Musings with David Beckworth
00:00
The Success of the Reserve Bank of Australia in Managing the Great Financial Crisis
This chapter explores the proactive approach of the Reserve Bank of Australia (RBA) in managing the global financial crisis, avoiding the zero lower bound and resorting to quantitative easing. It discusses the role of luck and commodity prices in buoying the Australian economy and how the country navigated through the commodity bust without a recession.
Transcript
Play full episode
