5  C Brand, D Buncic and J Turunen (2006), The impact of ECB monetary policy decisions and communication on the yield curve, ECB Working Paper 657; R Gürkaynak, B Sack and E Swanson (2005), Do Actions Speak Louder than Words? The Response of Asset Prices to Monetary Policy Actions and Statements, International Journal of Central Banking, 1, pp 55-94.
It might be said that, in many respects, much of the genesis of modern policy economics in Australia occurred here in Hobart. Every generation has its own challenges. In the careers of today’s generation of economists we have had, as described by various authors, “the Great Inflation”, “the Great Moderation”, “the Great Recession”.