Michael Plumb
Michael Plumb is an influential economist and a key figure at the Reserve Bank of Australia. He has gained recognition for his insightful analyses of economic productivity and policy, particularly regarding the relationship between capital investment and labor efficiency. Recently, he delivered a notable speech at a meeting of the Australian Business Economists, where he emphasized the importance of increasing physical capital available to workers to address stagnant productivity levels in Australia.
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Recent news mentions
Last week, the bank’s head of economic analysis, Michael Plumb, noted that 'stronger-than-expected real household incomes and wealth' had contributed to the unexpected lift in household spending through the second half of 2025.
How property investors are adding to interest rate pressure in Australia
Australia· 2026-03-01
Plumb warned that labour productivity in Australia had averaged only 0.2 per cent per year.
“Albanese lays down wage challenge for DuttonAustralia· 2025-04-01
The Reserve Bank’s Dr Michael Plumb gave the best-written and most informative speech to come out of the Reserve in yonks.
Productivity stalls as businesses turn to legal loopholes and blame the governmentAustralia· 2025-03-02
