The Conversation

Central banks can deliver on a 'divine coincidence' - but Glenn Stevens is a not a miracle worker

Author: The Conversation

The RBA has managed to use monetary policy to pull a number of economic levers.AAP/Paul Miller

Inflation-targeting central banks usually benefit from what some economists have labelled a “divine coincidence”.

This is when the best policy response to inflation also turns out to be the best response to unemployment. A central bank should...

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