Challenging the intellectual climate of the times: why the Reserve Bank of Australia is too independent?
This paper explores the exceptional nature of Australia's central banking arrangements and in so doing attempts to answer the following question: Why do Australia's central bankers, quite contrary to what happens in virtually every other country, argue against a single inflationary target and, instead, prefer the Reserve Bank's existing charter stating a broad range of objectives?
|Collections||ANU Crawford School of Public Policy|
|Eichbaum_Challenging1993.pdf||977.9 kB||Adobe PDF|
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