Craig Emerson

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Reserve Bank governor Philip Lowe (right) says he needs government help to boost the economy. Treasurer Josh Frydenberg is yet to provide it. Dan Himbrechts/AAP

We asked 13 economists how to fix things. All back the RBA governor over the treasurer

Peter Martin, Crawford School of Public Policy, Australian National University

Every one of the 13 economists surveyed by The Conversation thinks more stimulus is needed. None think it should all come from the Reserve Bank. Most think the budget surplus can wait.
A simpler company tax system would collect more and could fund a lower rate. Shutterstock

Here’s a long‑term budget fix that would boost investment: replace company tax with cashflow tax

Ross Garnaut, The University of Melbourne; Craig Emerson, Victoria University, and Reuben Finighan, The University of Melbourne

The budget looks good, for now. But the surge in taxable profits will subside as companies find ways to shift profits offshore. We’ve come up a better way to tax onshore what happens onshore.

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