The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) is the research arm of the Australian Government Department of Agriculture, Water and the Environment. Our mission is to provide professionally independent and world-class multi-disciplinary research, analysis and...

Monetary policies worldwide are currently facing a number of challenges, including how to deal with the low level of nominal and real interest rates, how to deal with a persistent undershooting of inflation targets, how to align inflation expectations with the inflation target, how to deal with...

Low interest rates mechanically offer more policy room and consensus is that governments should make full use hereof to combat the headwinds from the Covid-19 crisis; even in those countries with already high debt levels. A lively debate is already emerging as to whether, this time, higher...

In reply to the financial crisis, "Great Recession" and sovereign debt crisis, many central banks have pursued ultra-easy and far reaching unconventional monetary policies for several years. Yields on various bond calsses - including euro area sovereign bond yields since the sovereign debt...