monetary policy – Page 5 – ricardian ambivalence

Trimming is better (CPI edition)

There was some confusion about core CPI yesterday, thanks to the divergence between trimmed mean CPI & weighted median CPI

The Q2 CPI result came in around where i was expecting, with headline CPI a little higher (it was 0.4%q/q

Today we have Australian Q2 CPI. My best guess is that Q2 headline CPI will be around 0.25%qoq, which will

The June employment report has nicely set up the RBA to cut rates at their August meeting, so long as

The BIS has just published a paper which traces the main path through which QE works to stimulate the economy.

The AFR’s star RBA watcher, Alan Mitchell says that the RBA doesn’t need to cut rates at their July meeting.

The WSJ’s inimitable Jon Hilsenrath has just published a note that emphasises that the market reaction to Bernanke’s tapering comments

In the comments, there are often comments to the effect that the labour under-utilisation rate is a better indicator of

The May labour market report was a little better than I had expected (and the market also): the unemployment rate

Following on from my casual survey of the relationship between various measures of demand and inflation, I thought it appropriate

With the drop in the AUD, assessing financial conditions is (again) becoming a hot topic. It’s a tough thing to

The post Q1 GDP recession debate has been both fun and informative (see my first and second posts, and Mark’s