Should the Reserve Bank Cut Interest Rates?

IF 1 4区经济学 Q3 ECONOMICS

Australian Economic Review Pub Date : 2025-01-28 DOI:10.1111/1467-8462.12587

Jeff Borland, Peter Dawkins, Ross Garnaut, Isaac Gross, Warren Hogan, Michael Keating, Guay Lim, Peter Tulip, David Vines, Elizabeth Webster

引用次数: 0

Abstract

Nine leading economists acknowledge that the state of the labour market is currently the critical factor determining price inflation and, consequently, the decision to adjust the cash rate. The main point of contention is how high unemployment, and other measures of labour surplus, need to be, to ensure wages do not fuel further inflation. Five economists agree that current conditions (January 2025) are not stimulating inflation and delaying a rate cut could risk a low growth, low productivity outcome; two have a conditional view, and two would like to see rates maintained.

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美联储应该降息吗？

九位知名经济学家承认，目前劳动力市场状况是决定物价通胀的关键因素，因此也决定了调整现金利率的决定。争论的重点是，失业率和其他劳动力剩余指标需要达到多高，才能确保工资不会进一步加剧通胀。五位经济学家一致认为，当前形势（2025年1月）不会刺激通胀，推迟降息可能会带来低增长、低生产率的后果；两家持有条件观点，两家希望利率维持不变。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Australian Economic Review ECONOMICS-

CiteScore

1.90

自引率

10.00%

发文量

期刊介绍： An applied economics journal with a strong policy orientation, The Australian Economic Review publishes high-quality articles applying economic analysis to a wide range of macroeconomic and microeconomic topics relevant to both economic and social policy issues. Produced by the Melbourne Institute of Applied Economic and Social Research, it is the leading journal of its kind in Australia and the Asia-Pacific region. While it is of special interest to Australian academics, students, policy makers, and others interested in the Australian economy, the journal also considers matters of international interest.