Category Archives: Economy

Central Banking’s Green Mission (Project Syndicate Dec. 8, 2020)

Since the 2008 global financial crisis, central banks have shown time and again that they have the power to maintain the economic status quo. Now, they must use that power to support a timely green transition.

Posted in Economy | 1 Comment

Saturday’s good reading and listening for the weekend

What people in other forums are saying about public policy

Posted in Economy, Politics | 4 Comments

The Usual Suspects: oil and gas majors star in Australian tax heist (MWM Dec 17, 2020)

Angus Taylor’s rescue package for the oil industry is a testament to the ability of large corporations to game governments. The latest Tax Office transparency data shows that oil and gas juggernauts are, again, Australia’s biggest tax cheats, yet are … Continue reading

Posted in Economy | 1 Comment

The medium-term budget outlook and its policy implications. Part 2

Yesterday Part 1 considered the medium-term outlook for the budget deficit and government debt. Today Part 2 discusses the Parliamentary Budget Office projections of revenue and expenditures, how realistic they are, and why policies will need to change if we … Continue reading

Posted in Economy | Leave a comment

Deck stacked for dud super funds (AFR Dec 15, 2020)

Retirement rip-off The Your Super, Your Future package is designed by financial sector lobbyists to handcuff industry funds and give for-profit retail funds an easier run.

Posted in Economy | 6 Comments

The medium-term budget outlook and its policy implications. Part 1

Instead of being “back in the black” this financial year, the budget outlook is for deficits continuing for the foreseeable future. The critical issue for policy is how should the budget deficit be wound back, how far and how quickly.

Posted in Economy | Leave a comment

Bad Gig: industrial relations “reform” bill delivers flexibility … for employers

When one-third of casuals work full-time hours, almost 60% have been with their employer for more than a year, and more than half cannot choose the days they work, is the “flexibility” of a casual job really for the benefit … Continue reading

Posted in Industrial relations, Public Policy | 1 Comment

After two decades, the national electricity market is on its way out, and that’s alright (Dec 10, 2020)

It has been more than 20 years in the making, but there is now a new order in Australia’s grandest (and most problematic) example of cooperative federalism: the National Electricity Market.

Posted in Economy | Leave a comment

Home ownership and super are far more entwined than you might think

When the government’s retirement incomes review of which I was a part examined superannuation, the age pension and voluntary savings, home ownership had a surprisingly important role.

Posted in Economy | Leave a comment

Saturday’s good reading and listening for the weekend

What people in other forums are saying about public policy

Posted in Economy, Politics | 3 Comments

From here on our recovery will need more than fiscal policy, it’ll need redistribution

From the 1980s right through to the global financial crisis, the standard response in Australia and elsewhere to too weak or too strong an economy has been monetary policy — the manipulation of interest rates by a central bank, in our case … Continue reading

Posted in Economy | Tagged | 2 Comments

Can macroeconomic policy ensure the inflation target?

If Australian wages do not increase sufficiently in line with economic capacity, it risks a shortfall in aggregate demand that will make the achievement of an inflation target very difficult, or even impossible.

Posted in Economy | Tagged | 5 Comments

Jeff Borland. New finding: boosting JobSeeker wouldn’t keep Australians away from paid work

Incentives, the Freakonomics author Steven Levitt once quipped, are the “cornerstone of modern life”. To this I would add: only if the incentive is big enough.

Posted in Economy | 1 Comment

Saturday’s good reading and listening for the weekend

What people in other forums are saying about public policy

Posted in Economy, Politics | 2 Comments

The escalating risk to Australia’s vehicle fleet. Australia applies the brakes again and again.

Gas-guzzlers in Europe are quickly becoming a thing of the past – so guess where they’re headed instead.

Posted in Infrastructure | 4 Comments

Saturday’s good reading and listening for the weekend 

What people in other forums are saying about public policy

Posted in Economy, Politics | 4 Comments

Opening up Australia to international travel – All froth and no bubble!

Since April, a variety of coronavirus travel bubbles involving Australia have been mooted. But will any of them take off?

Posted in Economy | 2 Comments

NBN update. Let’s not compound a history of poor policymaking by people who claim to be good economic managers.

In years to come Malcolm Turnbull will be remembered as the communications minister who, under instruction from then prime minister Tony Abbott, ‘demolished’ Labor’s 21st Century National Broadband Network. But another prominent politician had earlier inflicted enduring damage to any … Continue reading

Posted in NBN, Politics | 7 Comments

Joel Fitzgibbon and renewable energy in the Hunter.(Renew Economy Nov 17, 2020)

The New South Wales has made a new commitment to transform the now coal-dependent Hunter Region as a hub of new renewable energy and storage projects as part of its broad and ground-breaking plans to transition the state’s grid from … Continue reading

Posted in Climate, Economy | 1 Comment

The rise of megaprojects

The era of megaprojects has well and truly arrived. But megaprojects run the risk of megaproblems.

Posted in Economy | Leave a comment

Saturday’s good reading and listening for the weekend

What people in other forums are saying about public policy

Posted in Economy, Politics | 2 Comments

JobMaker is nowhere near bold enough. Here are four ways to expand it (The Conversation Nov 10, 2020)

The government has targeted its JobMaker Hiring Credit too narrowly.

Posted in Economy | Leave a comment

Uneasy lies the head: Crown casinos is falling

 Shakespeare recognised centuries ago that ‘uneasy lies the head that wears a crown’. Certainly, the individual and collective heads of the members of the board of Crown Resorts Ltd should be very very uneasy. Their Crown is falling, almost fallen.

Posted in Economy, Politics | Tagged | 3 Comments

Saturday’s good reading and listening for the weekend 

What people in other forums are saying about public policy

Posted in Economy, Politics | 2 Comments

The future of work is coming but it might not be what you think (The Mandarin 9 Oct, 2020)

Visions of the future of work, utopian and dystopian dot our popular culture. Thinkers behind these visions have often taken a Fukuyama-like plunge foreshadowing, if not the end of work, at least a radical re-working of the role work plays … Continue reading

Posted in Economy, Politics | 1 Comment

Is Trump the worst economic manager in almost a century?

As he has done with the property business built up by his father, Trump has squandered the economic inheritance from Obama by poor management.

Posted in Economy | 3 Comments

Interest rates: why a further cut is not a good idea

Interest rates are already at record lows. Any further cut will not help the economy but will add to the inequality of wealth in this country.

Posted in Economy | 2 Comments

Company director is the one job where pay and performance don’t matter (ABC Oct 27, 2020)

For generations, it has been the nation’s most exclusive club. Entry is strictly invitation only. And while acceptance is difficult, once you’re in, you’re in for the long haul.

Posted in Economy, Politics | 2 Comments

Productivity – maybe one good aspect of the Morrison-Frydenberg budget

Low interest rates and breaks for new investment will not encourage business expansion – there’s too much uncertainty – but they may lift our productivity.

Posted in Economy | Leave a comment

A special investigation: Naval, builder of Australian submarines, at centre of numerous global corruption scandals

The arms company at the centre of a deadly criminal saga and numerous global corruption scandals, Naval Group, was selected by the Australian government to build our new fleet of submarines – a deal heralded as ‘one of the world’s … Continue reading

Posted in Defence and Security, Economy, Politics | 1 Comment