Dr Stephen Grenville AO
Nonresident Fellow
Areas of expertise
Regional economic integration; Australia's economic relations with East Asia; international financial flows and the global financial architecture; financial sector development in East Asia
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Biography
Publications
Dr Grenville is a Nonresident Fellow at the Lowy Institute. He works as a consultant on financial sector issues in East Asia. Between 1982 and 2001 he worked at the Reserve Bank of Australia, for the last five years as Deputy Governor and Board member. Before that, Dr Grenville was with the Organisation for Economic Co-operation and Development in Paris, the International Monetary Fund in Jakarta, the Australian National University and the Department of Foreign Affairs.
Twenty years of BRICS
As analysis by acronym, it has been a stunning success. But for reorganising global economic governance?
Covid and the failure of global cooperation
The general public has never bought the line that international aid is in the self-interest of donors.
A rank index or a politicised process? The IMF and trouble at the top
The IMF chief rejects fudging China’s ranking on a flagship index. Her fate won’t change the institution’s character.
The scope to negotiate with China on the CPTPP
It would be useful to have more cooperative economic ballast in relations, even as other things might deteriorate.
Commentary
Yes, we can spend our way to recovery if we are careful
Australia has rightly lost its fear of big deficits. But we must walk back debt in lockstep with private sector expansion. Originally published in The Australian Financial Review.
Commentary
Blame austerity, not the RBA for post-GFC slow growth
Ross Garnaut is wrong to fault the Reserve Bank for not cutting rates during the ‘Dog Days’ of 2013-2019. The real culprit was elsewhere. Originally published in the Australian…
Commentary
If money is practically free, why is nobody investing it?
Negative interest rates won’t help when it is clear that there are other reasons entrepreneurs have lost their mojo. Originally published in The Australian Financial Review.
Commentary
What’s gone wrong with our interest rate policy?
The RBA has been forced into lockstep with a misguided US Federal Reserve held hostage by volatile financial markets. Originally published in the Australian Financial Review.
The International Monetary Fund and capital flows
Bridging free-market doctrine and the need for intervention in emerging economies is still a stretch at the IMF.
