Only a decade late, the Lunatic RBA has discovered that unconventional monetary policy will lower the Australian dollar and aid recovery: see chart 7 espeically. Abstract The cash rate is currently at its effective lower bound and the Reserve Bank has put in place a suite of alternative monetary policy tools. This article uses the
The post Lunatic RBA discovers quantitiave easing drops Australian dollar appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]