Book Chapter

Australia, We Have a Problem

Jim Stanford, Tess Hardy, Andrew Stewart

The Wages Crisis in Australia: What It Is and What To Do About It | University of Adelaide Press | Published : 2018


Central bankers are supposed to be a rather dour lot. They are charged, after all, with maintaining the monetary and financial integrity of the whole economy. They cultivate a public reputation as prudent, cautious guardians of price stability — an independent, reliable force, ready to pounce at the first signs of economic overheating and inflationary pressure. They are the ones who come in to take away the punch bowl, just when the economic party is getting started.

University of Melbourne Researchers