how Jim Chalmers will recraft the RBA for the 21st century
- Written by Isaac Gross, Lecturer in Economics, Monash University
The review into the Reserve Bank of Australia has just been published by Treasurer Jim Chalmers, and it’s a blockbuster.
The review has made 51 recommendations including:
taking away power over interest rates from the Reserve Bank board (which has traditionally been dominated by non-economists, usually corporate executives) and devolving it...