US Economy
The useful myth of central bank independence
One of the sustaining myths of modern economics is that central banks are independent, able to pursue monetary policy free from the pressures of politics. This makes monetary…
Reports
Economic conflict between America and China: A truce declared, the talks begin
The real issue in the US–China trade negotiation is the dramatic change in China’s economy evident over the past decade.
US versus China: the economic model
With the US–China economic rivalry intensifying and “decoupling” becoming the mantra in Washington, what mindset, or economic model, is behind President Donald Trump’s response to…
Can the Fed resist Trump’s pressure?
Central bank independence is now a well-established element of best-practice monetary policy just about everywhere. Except, perhaps, in America. Elsewhere, most politicians accept…
The tide is turning against US financial regulation
This article was orginally published on 7 February and has been reposted following legislative change this week in the US.
For most of the decade since the global…
Commentary
Trump’s trade war pins Australia between a rock and a hard place
Originally published in The Australian.
Roland Rajah
Company tax cuts: America versus Australia
The expert panel on the ABC’s Q&A program earlier this month was hopelessly confused in comparing Donald Trump’s cut in US company tax with the proposed company…
Commentary
Donald Trump, trade, and Malcolm Turnbull in the middle
Originally published in the Australian Financial Review (Photo: Alex Wong/Getty Images).
Roland Rajah
A new proposal to normalise US monetary policy
If financial markets were expecting clear guidance on future US monetary policy moves from the annual central bank get-together at Jackson Hole in Wyoming last month, they would…
America: Full employment is not enough
On the surface the US economy has had a successful recovery from the 2008 Great Recession, with eight years of unbroken growth and unemployment well below 5% for more than a year…