Discuss the current macroeconomic environment in Australia whilst critically evaluating the role of monetary policy as a stabilisation tool. Background Information Australia has experienced an unprecedented economic growth, achieving the longest economic

Discuss the current macroeconomic environment in Australia whilst critically evaluating the role of monetary policy as a stabilisation tool. Background Information Australia has experienced an unprecedented economic growth, achieving the longest economic expansion on record (27 years) without recession. It also escaped the Global Financial Crisis relatively unscathed and pulled off the end of the mining boom. These credentials hide some of the underlying structural issues lingering on in t …

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