With inflation at its highest levels in 30 years, and interest rates rising sharply in response, monetary policy is one of the hottest topics in economics. Is the current outburst of inflation different to past periods of rapidly rising prices; and if so, what policies do we need to address it? What are the social consequences of rising living costs and interest rates, especially in a housing and rental market many experts say is in “crisis”? How well (or badly) has the Reserve Bank of Australia handled monetary policy, and will the recommendations of the recent independent review of the Bank improve its transparency and decision making?
In this forum, the speakers will address some of these questions before a general panel discussion on inflation and the reserve bank.