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Aug 22, 2016

The RBA can't fix our growth woes -- only government can do that

Extending the Reserve Bank's goal from inflation to nominal GDP growth is a foreign solution to a problem that Australia can't fix via monetary policy, Bernard Keane and Glenn Dyer write.


reserve bank

The call from powerful South Australian Senator Nick Xenophon and economist Danny Price to extend the Reserve Bank’s mandate to nominal growth targeting is an attempt to import a foreign solution to foreign problems.


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