본 문서는 IB Macroeconomics 중 Recession의 관련한 Fiscal and Monetary policy의 활용의 관해 작성한 IA 입니다. 7점 받았기에, 도움 많이 되시리라 생각합니다.

[본문내용]

Reserve Bank governor calls for more federal spending to boost economy

Philip Lowe urges government to invest in infrastructure after bank cut official interest rates to record low of 1%

By the Guardian

Tue 2 Jul 2019 11.13 BST

Philip Lowe has called on the government to spend more to combat economic malaise. Photograph: James Elsby/AAP

The Reserve Bank governor, Philip Lowe, says two interest rate cuts in as many months should put the economy on a “better path” but he has again called on the government to pull its weight.

The RBA on Tuesday cut the official cash rate to a fresh record low 1% and left the door open for another before Christmas as global trade uncertainty and low wage growth continues to weigh on inflation.

Lowe said monetary policy had a significant role to play in hitting its inflation goal but he again called on government to lend a hand by loosening its purse strings.

“It is appropriate to be thinking about further investments in [infrastructure], especially with interest rates at a record low, the economy having spare capacity and some of our existing infrastructure struggling to cope with ongoing population growth,” Lowe said in a dinner speech to the business community in Darwin on Tuesday night…

• 총 페이지수: 8 pages
• 과목명: Economics
• 주제: IB Macroeconomics IA
• The file is in Word format.