monetary policy – Page 6 – ricardian ambivalence

Under-utilisation rate back in 2009/10 range

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

Following last week’s Q1 National Accounts, I cheekily suggested that the domestic economy was in recession. Many of my peers

Despite the RBA’s efforts to kill the beast in the June RBA meeting minutes (see this post), the “lower AUD

The May non-farm payrolls report was broadly as expected: printing at +175k (mkt 163k), with offsetting revisions worth a net

The WSJ’s inimitable Jon Hilsenrath writes that the Fed is set to signal tapering at their June meeting, with a

Yesterday’s Q1 GDP report showed some worrying signs for the domestic economy: in particular, it showed that the domestic economy

The June RBA Statement was basically a return to the situation prior to the surprise cut in May (with fewer

Last week’s capex report was both keenly anticipated and the source of much confusion. It was keenly anticipated, as it’s