Ticket Information:
In theory, monetary policy is relatively straightforward. In practice, it is anything but. The gap between theory and practice was brought into sharp focus by the recent review of the RBA. Many observers had expected the review to focus on monetary policy objectives – a relatively theoretical aspect of monetary policy making. Instead, it surprised many by placing a major emphasis on very practical aspects such as institutional governance, culture and communications. This talk will discuss why these often overlooked practical aspects of monetary policy are, in fact, essential to good monetary policy making.
