Norway - to the deep North
A reader has commented on the first report of Henry’s 2016 liason expedition. ‘We too noted incredible civility and politeness on our...
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PD Jonson
- Aug 30, 2014
- 10 min
Monetary policy and asset inflation
Sorting out confusion How does monetary policy impact asset inflation? This is a question that is not fully answered in economics,...
PD Jonson
- Jun 4, 2014
- 4 min
Policy breakthrough ...
... financial stability & monetary policy Readers will be aware of my attempts to persuade the RBA to sort out policies to control asset...
P.D.Jonson
- Apr 7, 2014
- 3 min
RBA meets ... with serious matters to discuss.
Did you see Glenn Stevens on TV last night, dear readers? He is half a generation younger than Henry but looks a generation older....
PD Jonson
- Aug 6, 2013
- 4 min
The recession we do not need to have
The Reserve Bank is widely expected to cut interest rates today. The economy is facing such a grim future that one can support such an...
PD Jonson, Elizabeth Prior Jonson & Ka Mun Ho
- Jun 30, 2013
- 37 min
Beyond Friedman; Adding Asset Inflation and 52 Extra Years
Abstract. This paper shows that in modern USA history asset (share price) inflation mostly responds to changes in monetary policy in the...
PD Jonson
- Jan 12, 2013
- 5 min
Monetary policy revamp
Tax capital flows to tame dollar. If the current dilemma with Australia's monetary policy is not resolved, it will do great damage to...
PD Jonson
- Apr 12, 2012
- 14 min
Floating the Australian Dollar ...
... A Reserve Bank View As the great bard put it: ‘There is a tide in the affairs of men, which, taken at the flood, leads on to fortune...
PD Jonson
- Feb 7, 2012
- 5 min
Monetary Policy in the Fog of (Economic) War
This is a time of great uncertainty – equivalent in the economic sphere to the fog of war. Interest rates have been cut by 50 basis...
PD Jonson
- Nov 6, 2011
- 6 min
The mining boom and monetary policy
I counsel the Reserve to keep its powder dry until the situation in Europe is clearer. If there is a bad outcome, a cut of up to 100...
PD Jonson
- Nov 3, 2009
- 5 min
Inflation, asset bubbles and financial reform
The Reserve Bank will increase cash rates today. The only question is whether this will be by 25 or 50 basis points, with 75 a long...