In this paper, the authors make a convincing case that stimulative monetary policy during the global COVID-19 pandemic contributed materially to the inflation surge that followed and which persists today. Equally important, they focus intensively on the various reasons that might have contributed to this tragic policy error.

In this paper, the authors examine the effect on government bond yields of three Reserve Bank of Australia policy measures implemented following the onset of the COVID-19 pandemic. They also assess the impact of the three measures on government bond market functioning.

Both major political parties support an external review of monetary policy after the 2022 election. This paper discusses some of the main issues a review should cover.

Inflation is rising around the world, the sting in the tail of the pandemic economic stimulus packages unleashed by governments in 2020. This analysis paper examines the implications for prices and wages growth in Australia.

High-quality central bank communication can improve the effectiveness of monetary policy and is an essential element in providing greater central bank transparency. This paper investigates three important aspects of central bank communication - audience, readability and degree of reasoning.