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."

Tuesday, November 9, 2010

Fiscal vs. monetary policy?

From our new economic talent, Paul Bloxham (HSBC):

"In some ways, one can think of the balance between fiscal and monetary policy as a menu of choices. In choosing not to tighten fiscal policy more quickly than previously planned, it is likely that monetary policy will need to be tighter than otherwise might have been the case."