Coming soon: A Rural Health Commissioner, $93 million for rural health workforce agencies, and a new plan for digital health and electronic medical re
We recently moved our readers to a new system. You may need to reset your password here to login.
Not a member ? Join here for free.
Forgot your password?
Home Features Glenn Stevens: challenges for economic policy
Text size :
TAGS Glenn Stevens, Australian economy
The Reserve Bank governor spoke to the Anika Foundation Luncheon in Sydney on July 22 on the challenges still facing a recovering Australian economy.
Thank you for once again coming to support the Anika Foundation, on the eighth of these annual fundraising occasions.
Once again my topic is “challenges for economic policy”. It always seems as though there are some challenges to talk about.
The challenges I want to focus on are those involved in dealing with and then recovering from the financial crisis that enveloped the major European countries and the United States (US) (and, briefly, the whole world) in late 2008. My view is that policies were very effective in averting a potential catastrophe five years ago. But fostering a strong recovery has been much more difficult. I think this reflects the nature of the shock policymakers have been dealing with. We have learned, once again, about the limits to what monetary policy alone can achieve.
I wish to be clear at the outset that my remarks today are about global issues, and contain no particular message specific to Australia.
I begin with some remarks on the crisis itself.
Receive unlimited access, get all the latest public sector news and features, plus The Juice, our daily news update sent direct to your inbox.
The Mandarin is where Australia's public sector leaders discuss their work and the issues faced within modern bureaucracy. Join today to discover the latest in public administration thinking and news from our dedicated reporters, current and former agency heads and senior executives.
Glenn Stevens is governor of the Reserve Bank of Australia. He was formerly deputy governor after a long career as an economist
Read Related Content
The inequality gap is growing in Australia and both sides of politics — Left and Right — have a responsibility to close it. The former economist and Labor front-bencher lectured public servants on the challenge.