Conference – 2022 The Causes, Challenges and Consequences of the Low Interest Rate Environment
Sydney,

Final versions of the Conference papers and discussion will be published at a later date.
The Reserve Bank of Australia's 2022 annual conference brought together senior central bankers, financial institutions and advisers, academics and industry to discuss the current, policy-relevant issue of the causes, challenges and consequences of the low interest rate environment. It canvassed the possible responses including objectives, instruments and the framework for monetary policy. Importantly, the conference also considered the interactions between the main economic policy institutions.
The Conference was conducted under the Chatham House rule.
Draft Papers
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Fiscal, Monetary and Macroprudential Regimes: Incentives-Values Compatibility in Constitutional DemocraciesDownload 400KB
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Discussant: Bruce Preston, University of Melbourne
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The Consequences of Low Interest Rates for the Australian Banking Sector
(presentation) 1.2MBDownload 1.2MB -
Discussant: Adam Richardson, Reserve Bank of New Zealand
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The Economics of Low Interest Rates (presentation)Download 1.1MB
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Discussant: Gianni La Cava, e61
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Monetary and Fiscal Institutional Arrangements: Have We Got Them Backwards? (presentation)
Download 198KB -
Discussant: Chris Edmond, University of Melbourne
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Measuring Global Interest Rate Comovements with Implications for Monetary Policy Interdependence
(presentation) 1.2MBDownload 490KB -
Discussant: Alexandra Heath, Reserve Bank of Australia
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Gazing at r*: A Hysteresis Perspective
(presentation) 1.1MBDownload 1.6MB -
Discussant: Michele Bullock, Reserve Bank of Australia
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Rates Normalization Amid Elevated Global Financial Vulnerabilities
(presentation) 5MBDownload 1.6MB -
Discussant: Warwick McKibbin, Australian National University