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Showing 241 - 250 of 1515 results for "Fiscal"

Chief economist update: Japan's five minutes of sunshine

BENJAMIN ONG  |  WEDNESDAY, 9 DEC 2020
... a third stimulus package worth around US$708 billion, that includes about Â¥40 trillion (US$384.47 billion) in direct fiscal spending and initiatives targeted at reducing carbon emissions and boosting adoption of digital technology. This new spending ...

Chief economist update: China keeps on going and going

BENJAMIN ONG  |  FRIDAY, 4 DEC 2020
... commodity export - has soared to seven-year highs, with positive implications for Australia's export earnings and the fiscal budget. The Federal Treasury's latest Budget Papers assumed ore prices at US$55/tonne. So far this year, it's averaged ...

Chief economist update: Australia is out

BENJAMIN ONG  |  THURSDAY, 3 DEC 2020
... congratulated for the swift recovery from the worst recession since the Great Depression of the 1930s. The government for its fiscal support measures - JobKeeper, JobSeeker, HomeBuilder; the RBA for its quick response in providing liquidity; and us ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... Laurence Boone's statement that the outlook for Australia is "brighter but challenging" and his prescription that "fiscal and monetary policy support should not be withdrawn before the recovery is well entrenched". That's fine and dandy, Andy. ...

Chief economist update: Dow 30 thousand

BENJAMIN ONG  |  THURSDAY, 26 NOV 2020
... re-freeze economic activity. "Be fearful." Boyoboyoboy, we're in trouble now... but only if, America's monetary and fiscal authorities do The Rolling Stones - they "sit and watch as tears go by". But they're not. Although the passage of a ...

JobKeeper saved 700,000 jobs: RBA

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... it, according to a research paper from the Reserve Bank of Australia (RBA). The Morrison government announced a series of fiscal measures at the start of the year in response to the sharp fall in economic activity due to COVID-19. The central bank collected ...

Chief economist update: Iron ore to reduce Aussie deficit

BENJAMIN ONG  |  TUESDAY, 24 NOV 2020
... tonne, the price of iron ore is way above the Australian Federal Treasury's forecast. In its Mid-Year Economic and Fiscal Outlook (MYEFO) handed down in October, it maintained its assumption for iron ore prices to drop to US$55 per tonne. The Budget ...

COVID-19 to remain dominant in 2021

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... headlines, that task is even more challenging - and yet it is also even more essential." JPMAM said, most critically, it expects fiscal intervention will remain a policy tool well into the next cycle. "The alignment of monetary and fiscal policy in the ...

Chief economist update: Japan's third wave

BENJAMIN ONG  |  MONDAY, 16 NOV 2020
More infections equals more monetary policy easing and more fiscal spending. Like the Fed and the European Central Bank, the Bank of Japan (BOJ) also kept monetary policy unchanged - target rate at -0.1% and target for the 10-year Japanese government ...

Chief economist update: We're not there yet

BENJAMIN ONG  |  FRIDAY, 13 NOV 2020
... monetary policy in conditions of extreme uncertainty." All agree that, in Lagarde's words: "These are the times when fiscal policy has the greatest impact." Lagarde nominated two reasons: "First, fiscal policy can respond in a much more targeted ...