Dr Stephen Grenville AO
Nonresident Fellow
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.
Global profit shifting
New analysis suggests that Australia has the wrong priority in corporate tax reform.
When is monetary policy neutral?
Determining the neutral rate can determine how much stimulus an economy requires, and important policy implications follow if present low estimates are correct.
Keeping track of trade distortions
Publishing changes in commodities trade could lessen damage to third countries in the US–China conflict.
The tide is turning against US financial regulation
The lessons of the 2008 banking failures look like they have already been forgotten – or erased.
Quitting cigarettes in Indonesia
Never forget to read the fine print.
Will Argentina’s problems destabilise Asian economies?
Argentina’s problems will be high-profile, as it is the current chair of G20, but in our region the lessons of 1997 have been fully absorbed.
Banks misbehaving everywhere
Huge fines for mistakes or malfeasance seem unlikely to change financial system as currently structured.
Trump and “currency manipulation”
It is rare that free-market economists find themselves advocating the same policies as a president with a deal-by-deal attitude.
Less is more? Employment rates and economic growth
Labour market participation is a key factor in determining monetary policy.