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Alberto Calderon

October 2020

Governor Philip Lowe doing what he can. But the RBA is also implicitly asking is for fiscal policy to help increase aggregate demand.

Get the animal spirits going or face secular stagnation

With the RBA out of interest rate ammo, fiscal and other government policy needs to push even harder to lift private investment from its lowest point in 60 years.

Original URL: https://www.afr.com/by/alberto-calderon-p4yw2b