Email By business reporter David Taylor Updated December 07, 2019 10:42:00 Photo: QE would involve the Reserve Bank using its financial muscle to buy bonds. (AAP: Dan Peled) Related Story: 'Something is desperately wrong' with Australia's economy and rate cuts won't fix it Related Story: Consumers and businesses are on strike and that's dragging the economy down Map: Australia Try bringing up quantitative easing at a dinner party and see how long you can hold your friends' attention. Key points:Quantitative Easing, or QE, is a last-ditch way for central banks to boost the economy when interest rates are near zeroCentral banks buy bonds, which pushes the interest rates down, filtering through to mortgages and other loansEconomists are divided over whether the Reserve Bank will need to undertake QE in Australia, and whether it would even work Known in financial circles as "QE", it's a conversation stopper because it's complex and hard to explain to people outside … [Read more...] about 2020 could be the year Australia joins the ‘QE’ club. But what is ‘quantitative easing’?
A government panel examined the records of employees surveyed by Labour Bureau’s quarterly enterprises surveys and mapped it with EPFO's subscribers and found “unexplained variations” between the two. Illustration: Dominic Xavier/Rediff.com A government-appointed panel led by former chief statistician TCA Anant has recommended doing away with the quarterly surveys on jobs provided by the Labour Bureau due to its poor coverage and quality. Alternatively, it has suggested if substantial improvements in the Labour Bureau’s quarterly enterprises surveys (QES) are made, a first-of-its-kind Employment Index can be formed on the lines of the Index of Industrial Production (IIP) and the Consumer Price Index (CPI). The idea of an Employment Index was first mooted by Chief Statistician of India Pravin Srivastava to the government in June 2017, when he was the additional director general (employment) in the labour ministry.The Anant-led technical committee, which … [Read more...] about Should we scrap quarterly job surveys?