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Created
Tue, 03/01/2023 - 21:45

Happy New Year! And what better way to start the new year than with a new issue of Doctor Who Magazine! In a world-exclusive interview published in Doctor Who Magazine 586, Millie Gibson talks about playing new companion Ruby Sunday, what it’s like acting alongside Fifteenth Doctor Ncuti Gatwa, and how she discovered she’d secured […]

The post DWM: New Year, New Issue – #586 with Millie Gibson interview appeared first on Blogtor Who.

Created
Tue, 03/01/2023 - 21:45

Five years before Covid-19 lockdowns forced people to stay home as much as possible, journalist Lauren Smiley was already writing about how a new wave of companies was creating a ‘shut-in economy’. These shut-ins weren’t people involuntarily stuck inside or shielding themselves from an unprecedented health crisis; they were tech workers who spent so much […]

Created
Tue, 03/01/2023 - 19:00

The original Doctor Who novel is back in an exciting and beautiful new illustrated hardback Like Blogtor Who, many of you may well have looked under the tree on Christmas morning to find this year’s prestige Doctor Who hardback, Doctor Who and the Daleks. It’s hoped to be just the first of a series of […]

The post REVIEW: Doctor Who and the Daleks Illustrated Edition appeared first on Blogtor Who.

Created
Tue, 03/01/2023 - 14:30
Existing estimates of the macroeconomic effects of Australian monetary policy tend to be based on strong, potentially contentious, assumptions. I estimate these effects under weaker assumptions. Specifically, I estimate a structural vector autoregression identified using a variety of sign restrictions, including restrictions on impulse responses to a monetary policy shock, the monetary policy reaction function, and the relationship between the monetary policy shock and a proxy for this shock. I use an approach to Bayesian inference that accounts for the problem of posterior sensitivity to the choice of prior that arises in this setting, which turns out to be important. Some sets of identifying restrictions are not particularly informative about the effects of monetary policy. However, combining the restrictions allows us to draw some useful inferences. There is robust evidence that an increase in the cash rate lowers output and consumer prices at horizons beyond a year or so. The results are consistent with the macroeconomic effects of a 100 basis point increase in the cash rate lying towards the upper end of the range of existing estimates.