Fiscal policy

Should the Australian government actually be increasing its debt?

As news is emerging that Australian Treasurer, Josh Frydenberg, will soon deliver a balanced budget for the first time since the GFC, one needs to ask if this is even appropriate today. While surpluses are prudent and allow for protection against future downturns, the logical time to build government surpluses is when growth is strong …

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Is monetary policy in the US about to get easier?

While most people would point to the Federal Reserve’s decision to lower its policy interest rate this week as an indication that monetary conditions will gradually soften, we believe the central bank’s involvement in a lesser-known corner of financial markets a day earlier could portend a more significant action in order to restore easy monetary …

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