please give details
2007-03-28 15:29:28 · 2 answers · asked by kera a 1 in Social Science ➔ Economics
Increase the economy through stimulation
Increase revenue through taxes
Increase the overall welfare of the people and also get re-elected.
2007-03-28 19:08:15 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋
Here are the goals of the RBA, Australia's central bank and therefore our monetary policy guys:
(a) the stability of the currency of Australia;
(b) the maintenance of full employment in Australia; and
(c) the economic prosperity and welfare of the people of Australia.
These goals would be similiar to the goals of other western central banks. They aim to do this through inflation targetting (keeping it between 2 - 3% in AustralIa) by adjusting the Interest Rate.
They are looking towards economic growth of the country in a sustainable way.
2007-03-29 01:22:30 · answer #2 · answered by Jonathan R 3 · 0⤊ 1⤋