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Stephen Grenville

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EconomyEconomics

Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference in Sydney, Australia, on Tuesday, Aug. 6, 2024. Australia’s central bank kept interest rates at a 12-year high as it waits for sticky inflation to abate before signaling any move toward joining global peers in easing. Photographer: Brent Lewin/Bloomberg

The monetary policy story isn’t simple for the RBA

There is more to inflation targeting than a blinkered fixation with the monthly inflation numbers and a mechanical policy response.

Stephen Grenville

CommentaryCommentary

How to make sense of nuclear costs

How to make sense of nuclear costs

Can such large differences between gas and nuclear costs be understood intuitively, by those of us without access to the complex modelling involved?

Stephen Grenville

commentaryMining & Energy

Chevron Corporation announces first shipment of liquefied natural gas (LNG) from the Gorgon Project has departed Barrow Island aboard the Asia Excellence, one of Chevron's new state-of-the-art LNG carriers. Picture: Chevron

Challenges ahead for gas on road to net zero

As gas approaches its long-term minimal role, energy markets will find it hard to accommodate a volatile and uncertain transition. Government intervention may be needed.

Stephen Grenville

commentaryBusiness

General view of a US nuclear submarine during military exercises 70 nautical miles (130 kilometers) off Cartagena, Colombia, on February 28, 2022. - Colombia and the United States began military exercises in the Caribbean on Monday, which included activities with a nuclear submarine, to strengthen the fight against drug trafficking and protect

Viewing subs through a made-in-Australia lens

The domestic manufacture of nuclear subs falls firmly within the Future Made in Australia objectives and it’s not too late to bring this project within the National Interest Framework.

Stephen Grenville

CommentaryRenewable energy & economy

Federal Budget 2024 Art + Assets Energy-main-4x3

Treasury provides sanity in net zero transition

The budget provides $22.7bn for A Future Made in Australia, funding Australia’s transition to net zero. What does the Treasury, as holders of the purse-strings, think about all this?

Stephen Grenville

CommentaryEconomics

A view of the Bank of England building in central London on February 7, 2019. - The Bank of England launched a probe on December 19 after discovering some investors eavesdropped on press briefings moments before they were broadcast, reportedly to hand a split-second advantage to high-speed traders. (Photo by Adrian DENNIS / AFP)

Why public prognosticating isn’t a central bank’s real job

Central banks everywhere failed to forecast inflation during the post-Covid period but in reality that didn’t matter for monetary policy settings.

Stephen Grenville

CommentaryEconomics

SYDNEY, AUSTRALIA: Newswire Photos- NOVEMBER 13 2023: A general view of the Reserve bank in Sydney,after another RBA meeting today. Photo by:NCA Newswire

Interest rate forecasts have gone too far

Central banks should make their policy-decision framework transparent and leave it at that.

Stephen Grenville

Original URL: https://www.theaustralian.com.au/author/stephen-grenville