Dr Stephen Grenville AO
Nonresident Fellow
Areas of expertise
Regional economic integration; Australia's economic relations with East Asia; international financial flows and the global financial architecture; financial sector development in East Asia
Biography
Publications
Dr Grenville is a Nonresident Fellow at the Lowy Institute. He works as a consultant on financial sector issues in East Asia. Between 1982 and 2001 he worked at the Reserve Bank of Australia, for the last five years as Deputy Governor and Board member. Before that, Dr Grenville was with the Organisation for Economic Co-operation and Development in Paris, the International Monetary Fund in Jakarta, the Australian National University and the Department of Foreign Affairs.
Commentary
If money is practically free, why is nobody investing it?
Negative interest rates won’t help when it is clear that there are other reasons entrepreneurs have lost their mojo. Originally published in The Australian Financial Review.
Commentary
What’s gone wrong with our interest rate policy?
The RBA has been forced into lockstep with a misguided US Federal Reserve held hostage by volatile financial markets. Originally published in the Australian Financial Review.
The International Monetary Fund and capital flows
Bridging free-market doctrine and the need for intervention in emerging economies is still a stretch at the IMF.
Covid-19 and Indonesian monetary policy
Funding the deficit is a necessary short-term measure, but “free money” can lead down a dangerous path.
Submissions
Submission to the Joint Standing Committee on Foreign Affairs, Defence and Trade Inquiry into the Implications of the COVID-19 Pandemic for Australia's Foreign Affairs, Defence and Trade
Joint submission by Lowy Institute researchers to the JSCFADT inquiry into the implications of the pandemic.
Commentary
Modern Monetary Theory and mainstream economics converging
Stephen Grenville gives a detailed account in the Eureka Report on Modern Monetary Theory (MMT), which after a decade on on the periphery of economic discussion, has…
Policy Briefs
Keeping Indonesia’s Economy Afloat Through the COVID-19 Pandemic
Well-crafted emergency financing from Bank Indonesia and international partners such as Australia could be pivotal in getting Indonesia through this crisis
Interactives
Emerging From COVID: Policy Responses To The Pandemic
In this new feature, Lowy Institute experts provide policy recommendations for Australia to address issues that are critical to our nation’s — and the world’s —…
Policy Briefs
Emerging from COVID: Policy Responses to the Pandemic
Lowy Institute experts provide policy recommendations for Australia to address issues that are critical to our nation's — and the world's — successful emergence from the pandemic.
