The Reserve Bank of Australia’s decisions on interest rate increases rely on the concept of balancing inflation and unemployment. The authors of this paper argue that the official unemployment rate is based on strict and outdated definitions, and significantly underestimates the actual number of Australians looking for work.

This paper explores a new approach to identifying the effects of monetary policy using high-frequency data around monetary policy decisions and other announcements that allows us to explore different facets of monetary policy.

This report analyses the Reserve Bank of Australia's (RBA’s) performance over the past 30 years, and makes recommendations on the monetary policy framework, governance, leadership and culture of the RBA.

Central banks, above all, are responsible for overseeing financial stability and controlling inflation. This research note suggests that the poor governance arrangements, conflicting goals, grandiose aspirations and distractions, along with the excessive budget and lack of core expertise in key appointments, have created the current mess in the Reserve Bank of New Zealand.

This report investigates the history of Australian inflation and policy choices, and provides a counter to the view that low inflation and the current inflation target is acceptable.