Exploring Alternatives to Nominal GDP Targeting in Australia

Zac Gross is a senior lecturer at Monash University and was formerly an economist at the Reserve Bank of Australia. Zac joins Macro Musings to talk about the Australian central bank and the recent review of its framework. Specifically, David and Zac also break down Australian monetary policy over the past few decades, the RBA’s yield curve control experiment, the future of its operating system, and a lot more.

Transcript for this week’s episode.

Zac’s Twitter: @ZacGross

Zac’s website

Zac’s Substack

David Beckworth’s Twitter: @DavidBeckworth

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Related Links:

*Assessing Australian Monetary Policy in the Twenty-First Century* By Isaac Gross and Andrew Leigh

*An RBA Fit for the Future* by Gordon de Brouwer, Renee Fry-McKibbin, and Carolyn Wilkins