RBA's Ellis: Says policy needs to be expansionary

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of Australia's Luci Ellis, Assistant Governor (Economic), at the Melbourne Institute 2018 Economic and Social Outlook Conference

  • says policy needs to be expansionary
  • can take a while for spare capacity to be absorbed
  • monetary policy cannot increase economy's speed limit, productivity
  • has concerns high productivity 'superstar-firms' could become monopolies
  • leading-edge tech creating a barrier to entry in some industries
  • trend could slow innovation and growth in living standards
Quick headlines via Reuters  

Full text is here: 
Ellis better look out, saying things like  "policy needs to be expansionary" …. Trump may call on her to lead the Fed :-D 
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