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The Macro Policy Division of Labour

The Treasury’s David Gruen reminds Senators who is responsible for demand management and inflation control:

Dr Gruen said the RBA strategy of raising interest rates was the most effective method of bringing inflation under control, but budget cuts proposed by the Rudd Government would help.

“Monetary policy responds quickly, and for that reason is our primary tool around demand management,” he said.

posted on 20 February 2008 by skirchner in Economics, Financial Markets

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