Dr Stephen Grenville AO
Nonresident Fellow
Areas of expertise
Regional economic integration; Australia's economic relations with East Asia; international financial flows and the global financial architecture; financial sector development in East Asia
Biography
Publications
Dr Grenville is a Nonresident Fellow at the Lowy Institute. He works as a consultant on financial sector issues in East Asia. Between 1982 and 2001 he worked at the Reserve Bank of Australia, for the last five years as Deputy Governor and Board member. Before that, Dr Grenville was with the Organisation for Economic Co-operation and Development in Paris, the International Monetary Fund in Jakarta, the Australian National University and the Department of Foreign Affairs.
Coordinating with America to pressure China on trade
Beijing should pay legitimate intellectual property charges yet the system is an imperfect way to reward innovation.
Commentary
Progressive US politics meets radical economics
Originally published in The Australian.
Stephen Grenville
Research Notes
Rethinking fiscal policy: Progressive US politics meets radical economics
Recognition of the need for greater government intervention in the economy is increasingly shaping the US political debate, with this shift paralleled among prominent economists.
The limits to global monetary policy
Already in “easy” mode and without the flexibility to move interest rates lower, other policies are needed.
America’s fiscal policy rethink reaches Japan
A radical call urges Japan delay tackling chronic deficit and huge debt – and, of course, build no bridges-to-nowhere.
Trump’s tariff tussle
Given America’s cherished belief in free enterprise, Washington should be delighted its rival is handicapping itself.
The useful myth of central bank independence
If Alan Greenspan was “the Maestro”, then Fed chair Jay Powell needs also play to the orchestra to resist Donald Trump.
The sudden interest in Modern Monetary Theory
It’s often said there is no such thing as a free lunch, and issuing cash is not a limitless source of funding.
Book review: Winners take all
Giridharadas reminds us that “win-win” is the motto elites live by.
