The relatively weak growth among the advanced economies in recent years has had minimal impact on our major trading partners’ growth figure because they account for a small share of Australia’s trade (at least directly).
“Methods of Policy Accommodation at the Interest-Rate Lower Bound,” paper presented at “The Changing Policy Landscape,” a symposium sponsored by the Federal Reserve Bank of Kansas City, held in Jackson Hole, Wyo., August 30-September 1, https://www.kansascityfed.org/publicat/sympos/2012/Woodford_final.pdf. Yellen, Janet (2015). “Inflation Dynamics and Monetary Policy,” speech delivered at the Philip Gamble Memorial Lecture, University of Massachusetts, Amherst, September 24, https://www.federalreserve.gov/newsevents/speech/yellen20150924a.htm. -------- (2017).