RBA Deputy Governor Andrew Hauser's Address: A Focus on Macroeconomic Thought, Not Immediate Policy Shifts

Pioneering the Next Century of Australian Macroeconomic Insights

Examining a Century of Economic Thought: A Look Back and Forward

At the recent Australian Conference of Economists, Reserve Bank of Australia Deputy Governor Andrew Hauser delivered an insightful address titled \"What Has Australian Macroeconomic Thought Achieved in the Past Century – and Where Can it Contribute in the Next?\" This presentation delved into the profound historical developments within Australian macroeconomic thinking, exploring key milestones and their enduring impact on the nation's economic landscape. Hauser's speech highlighted the continuous evolution of economic theory and practice within Australia, setting the stage for discussions on future directions.

The Central Bank's Evolving Research Mandate: A Renewed Focus on Collaboration and Innovation

During his address, Deputy Governor Hauser articulated the Reserve Bank of Australia's proactive steps in redefining its research strategy. He announced that the RBA is actively refreshing its research agenda, prioritizing new areas of inquiry crucial for contemporary economic challenges. A significant aspect of this refreshed approach involves expanding collaborative research initiatives with external academic institutions and scholars. This strategic move aims to leverage broader expertise and diverse perspectives, enriching the depth and scope of the RBA's economic analysis and policy formulation. The emphasis on external partnerships signals a commitment to fostering a vibrant intellectual ecosystem for economic research.