PART 3. Modern Monetary Theory
Inflation is the largest motivator of controversy over Modern Monetary Theory. Is MMT really all about spending freely? Join Felix in MMT’s response to these critiques.
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PART 1. Modern Monetary Theory
Can governments just print money? Do we need taxation to fund government expenditure? Join Felix as he explores these questions with Modern Monetary Theory.
Money and Value – A Journey Through Time
Ever wondered why pieces of paper can be exchanged for objects of immense value? Dive into a history of money and value in this riveting piece by Lawrence.
Revisiting Monetary Policy: Current Issues, Temporary Price Level Targeting and the Productivity Norm Rule
The current inflation targeting regime in Australia is falling short of meeting its policy goals, join Benjamin Thompson as he investigates how to redesign the current framework of monetary policy to allow the RBA to better achieve its mandate.
Market Monetarism Maybe? The Case for Nominal GDP Targeting in Australia
It’s time to move on from inflation targeting, a rules-based approach to monetary policy that stabilises nominal income growth can ensure financial stability and economic prosperity for the Australian economy.
The development of monetary policy – Part 2
In Part 2 of his analysis, Conor Yung continues his evaluation of monetary policy in a historical context and explores the subsequent implications of an interest rate cut.
The development of monetary policy – Part 1
With the housing market slowing and wages stagnating, political pundits are calling for the RBA to cut rates, but what is the meaning behind these ideas? Conor Yung looks at the genesis of ideas on monetary policy to give you the context behind the business jargon.
An Unconventional Policy
Unlike Keynes in 1936, technology means that we are no longer restricted to the assumption that cash cannot bear interest. Lemia Bickalo explores unconventional monetary policy in the modern age.
The role of blockchain technology in fiscal and monetary policy
With blockchain technology gaining more and more traction within the mainstream, Lemia Bickalo explores its potentially important role in transforming economies.
The EU QE experience so far
In March 2015 the EU started its QE program. For success to be achieved it must navigate the secondary bond market, secrecy in bond purchases, and Greece.
The US Quantitative Easing experience
Alex Woodruff wonders are US central bankers the most optimistic economists around? If not, why did they turn to QE and did it pay off?
The story of the real Australian economy: Part 3 – The RBA’s toolkit
In Part 3 of ‘The Story of the Real Australian Economy’, Ben looks at monetary policy setting and the dilemma faced by the Reserve Bank of Australia in light of the economy’s structural problems.