Macroeconomics has two foundational pillars, which work alongside each other monetary and fiscal policy. This research theme addresses the short-term constraints of existing monetary and fiscal frameworks in order to develop policy, which through better coordination can support the economy’s long-term macroeconomic goals completely and sustainably.

• How do macroprudential policies’ actions affect the economy and its transmission of monetary and fiscal policy?
• What are the impacts of fiscal decisions to spend, tax and issue debt on macroeconomic and fiscal stability?
• What is the impact of monetary policy and Reserve Bank interventions in financial markets on the cost of borrowing in the economy and financial risks?