A ‘New Era’ for the Reserve Bank?

‘A “New Era” for the Reserve Bank?’ Policy, 24(1): Autumn 2008.  Op-ed version, The Age, 27 March 2008.

posted on 01 April 2008 by skirchner

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A ‘New Era’ for the Reserve Bank?

I have an op-ed in today’s Age on the proposed Reserve Bank Amendment (Enhanced Independence) Bill, which is a brief summary of a more detailed article that will be forthcoming in Policy.  The op-ed concludes:

While formally enhancing the independence of the RBA, the new arrangements leave it operating under an outdated and internationally anomalous governance structure that is incompatible with modern demands for central bank transparency and accountability.

UPDATE: Full article can be found here.

posted on 26 March 2008 by skirchner in Economics, Financial Markets

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