Laurence Bristow on What the Fed can Learn from the Reserve Bank of Australia
Description
Laurence Bristow is a former staffer at the Reserve Bank of Australia and currently is a Vice President and Research Associate at the Bank Policy Institute. In Laurence's first appearance on the show, he discusses the differences between the Reserve Bank of Australia and the Fed, The RBA's change in operating systems, what a demand driven system actually looks like, the motivation for the RBA to make this change, calls for changes to the operating system within the Fed, and much more.
Check out the transcript for this week's episode, now with links.
Recorded on November 20th, 2025
Subscribe to David's Substack: Macroeconomic Policy Nexus
Follow David Beckworth on X: @DavidBeckworth
Follow the show on X: @Macro_Musings
Check out our Macro Musings merch!
Subscribe to David's new BTS YouTube Channel
Timestamps
00:00:00 - Intro
00:01:22 - Laurie's Career
00:05:15 - Reserve Bank of Australia
00:11:33 - RBA's New Monetary Policy Implementation System
00:17:28 - What Is a Demand-Driven System?
00:26:02 - Interbank Market
00:31:33 - Motivations for a Demand-Driven System
00:40:10 - Bank Policy Institute Money Market Symposium
00:52:36 - Outro
United States
