Ultra-low unemployment is in our grasp. How Philip Lowe became the governor who lifted our ambition
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Rarely does a Reserve Bank governor get to remake Australia.
HC “Nugget” Coombs, the first Reserve Bank governor, did.
As director general of the Department of Post-War Reconstruction from 1943, he was instrumental in creating the White Paper on Full Employment in Australia that was adopted as a guide by prime ministers from Chifley to...
