Glenn Stevens’ legacy shows how to maintain the independence of the Reserve Bank in crisis as well as the limits of monetary policy.
- Dean of Business School, University of Southern Queensland
Was Greens leader Richard Di Natale right to say the government spends $3 billion each year on the “offshore detention centre regime”?
Incoming Reserve Bank governor Philip Lowe will face the challenges of rapid credit and asset prices growth.
Was Opposition Leader Bill Shorten right to say that $100 billion has been added to Australia’s national debt on the Coalition government’s watch?
Education does help to grow the economy, but research highlights some severe limitations.
Deputy Prime Minister Barnaby Joyce said that when the Coalition lost government in 2007, Australia was owed billions by the world – but that when the Coalition regained power in 2013, Australia was in debt. Is that right?
Inequality is now centre stage in policy debate.
Federal treasurer Scott Morrison said that expenditure as a share of the economy under this government is falling, not increasing. Is that right?
Sharemarkets may welcome monetary intervention, but indications of growth are needed.
The finance minister says the government is reducing the deficit and debt and lowering the spending growth trajectory of the previous government. Is that right?
Technically, Australia isn’t in recession; but data shows we are effectively in a situation of negative growth.
Australia has had 24 years of consistent growth. Is it all about to come to a crashing end?
Austerity was never really an option for the Queensland Labor government’s first budget, and its move to shift debt make sense.
The bail-out package that Greeks rejected is essentially back. The chaotic process that led to it has lost Greece the trust of the eurozone.
Blaming the troika for the Greek defaut this week isn’t the full story. The problem here is that the eurozone is not the main reason for the Greek crisis.
The Shadow Treasurer, Chris Bowen, has said that tax as a percentage of the economy is higher now than it was under the previous government. Is that right?
It will take more than monetary policy to get Australia’s business and consumer confidence back on track.
It’s economics 101: to pay down debt, you must restrict spending or raise taxes. To stoke an economy, you’ve got to do the opposite. So which way will this government go?
A new IMF report predicts a crackdown on cheap credit in China will help reduce China’s real GDP growth rate from 7.4% last year to 6.8% this year and further weaken demand for Australian commodities.
Queensland has a new Labor minority government, led by Annastacia Palaszczuk, after the shock defeat of the Liberal National Party. Labor’s pre-election promises were “modest”, leaving many now wondering…
How much debt is Queensland really in? How much of that debt can past Labor governments bear responsibility for, and has the current Liberal National government cut or added to it? And how does Queensland’s…
Judging from the first week of campaigning, the 2015 Queensland election is going to be very much about economics – and jobs in particular. On the one hand, Premier Campbell Newman and his Liberal National…
The G20 leaders have reaffirmed a commitment to raise global growth, saying if more than 800 agreed measures are “fully implemented”, GDP will grow by an additional 2.1% by 2018, adding more than US$2…
The G20 summit must “go structural, go social and go green”, says OECD secretary-general Angel Gurria. Speaking at Griffith University’s pre-summit conference in Brisbane, Mr Gurria said trade, investment…
Suppose that on the evening of November 16, the G20 leaders release a 25-page communique with hundreds of recommendations on global health, security, climate change, human rights etc. Would this be regarded…
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