The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Saturday, July 7, 2012

McKibbin: RBA's board too dovish and too political

A good interview in the AFR with Professor Warwick McKibbin. I've made the same points over the last 1-2 years:

The Reserve Bank of Australia is less likely to worry about inflation than it should because of board members appointed by the Labor government, according to former board member and prominent economist Warwick McKibbin. In an unusually blunt criticism of the bank, Professor McKibbin said its board was “far more dovish than it used to be” and its newest members were all linked to the Labor Party.