However, if this adjustment occurs abruptly, precipitated by a sharp fall in house prices or a sharp increase in unemployment for example, there may be financial stability issues. In this case it will be the systemic stability remit of the Reserve Bank, rather than monetary policy which will come into focus. 7.
Climate change and the carbon emissions trading scheme  Climate change arguably poses one of the most important policy challenges in the years ahead. There is now an emerging consensus that man-made climate change is occurring although its magnitude and ramifications are much debated.