economics – Page 3 – ricardian ambivalence

The GDP v. Jobs non-puzzle

Today’s speech by RBA Gov Lowe said that they were puzzling about the concurrent GDP slowdown and strength in the

The biggest problem in Aussie macro is weak household cash flow. Today’s Aussie Business Indicators report suggest that things are getting

Keynes famously compared investing to betting on the outcome of a beauty pageant. With the RBA providing a little more

I think the January Credit data just released by the RBA is very interesting. Total credit growth to households is

When thinking about Australia and the outlook for policy, I find it hard to get past the below chart. It

Today’s Australian Employment report for January 2019 was good — but it was actually better than it looked. The reason

The RBA went back to an explicitly neutral bias at their Feb’19 policy window — via an interesting bit of

The RBA just released their semi-annual Financial Stability Review (FSR). Predictability, the FSR plays down the risks from the maturity

Getting right to the point, my view is that the Feb 2014 jobs report is bunkum. The survey is not

The 0.8%q/q GDP print looked pretty good at the headline level, and the 2.75%y/y (v. RBA at 2.5%y/y) looked even

The Jan 2014 labour market report was BAD. The unemployment rate rose to 6% — exceeding the GFC peak —

Regardless of what you think of the institution, the IMF’s article IV consultation reports are useful as a source of