This report argues that quantitative easing (QE) is an operating instrument for policy, rather than a monetary policy as such. As with policy conducted via official interest rates, QE’s effectiveness depends on the policy framework in which it is located, as well as how the policy is communicated and executed.

This report, which is the output of an academic workshop hosted in January 2019, is organized around five areas where neoliberalism provides incomplete or unsatisfactory policy guidance: growth strategies and industrial policy, inequality, finance and monetary policy, the environment, and power and politics.

Using monetary policy shocks for 7 advanced economy central banks, measured at high frequency, this paper documents the strength and characteristics of interest rate spillovers to 47 advanced and emerging market economies.

This speech, by Reserve Bank Deputy Governor, Guy Debelle, examines how climate change affects the objectives of monetary policy and some of the challenges that arise in thinking about climate change.

This review provides an opportunity to ensure that the Reserve Bank Act is fit for purpose and able to provide a strong, flexible, and enduring regulatory framework that enjoys broad public and industry support.