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The Forum > Article Comments > RBA Deputy Governor Guy Debelle’s low inflation address to ESA Qld at the Brisbane Hilton > Comments

RBA Deputy Governor Guy Debelle’s low inflation address to ESA Qld at the Brisbane Hilton : Comments

By Gene Tunny, published 29/8/2018

The RBA should consider alternative approaches, such as nominal GDP targeting or an approach which augments inflation targeting with a mandate to promote financial stability.

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Alan, I once studied economics. As far as I could tell, there are actually no defined economic principles.
For example, our marks were determined by what we did throughout the year. However, the faculty insisted that the tutor set an exam. He submitted the same exam as he had the previous year. Their response was that we would know the answers. His reply was that they should be aware that the subject was economics, same questions, different answers.

'Twas ever thus.

David
Posted by VK3AUU, Friday, 31 August 2018 7:50:07 AM
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