Is the Reserve Bank doing a good enough job?
The Economy, Stupid
Navigating Australia's Economic Reforms
This chapter explores the current political climate in Australia regarding economic reforms, focusing on the Reserve Bank's role and the challenges of achieving bipartisan support. It discusses the tension between inflation targeting and broader economic stability, highlighting potential alternatives like nominal income targeting. Additionally, the chapter addresses the implications of the government's relationship with the Reserve Bank and emphasizes the necessity of collaborative action for effective reform.
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