Independent senator Nick Xenophon told Q&A that foreign debt is approaching $1 trillion, up from $74 billion the previous year. Is that right?
- University Associate, School of Economics and Finance, University of Tasmania
Forecasts released under the Charter of Budget Honesty are on the wrong time horizon and need greater transparency.
The OECD’s Going for Growth report released this week is a good reminder of why Tony Abbott wants to be remembered as “the infrastructure Prime Minister”. The OECD argues addressing infrastructure service…
UPDATE: This piece originally said the Asset Recycling Initiative had been passed by the Senate. Subsequent to publication, the amended legislation was rejected by the House of Representatives. The piece…
In a letter to a political ally in 1900, Theodore Roosevelt coined the phrase “Speak softly and carry a big stick; you will go far”. The corollary was that, without a big stick and preparedness to use…
This week, our experts examine the two most popular Q&A Twitter requests: can we trust Treasury, and how high is youth unemployment? 1. Peter Shergold: Treasury forecasts are too low in good times…
After weeks of rapid depreciation, many commentators are wondering just how low can the Australian dollar go. Slowing growth in China and signs of a recovery in the US have renewed pressure on the dollar…
Election campaigns in Australia often seem to crystallise around the dire performance of a single economic indicator. In the 1996 election, it was the size of Australia’s foreign debt (Peter Costello argued…
Australia’s inflation rate remains under control, potentially adding to the argument for the Reserve Bank to leave interest rates where they are, experts said today. But one economist has warned the Reserve…
The Australian economy grew 0.6% last quarter but Victoria, South Australia, Tasmania and the ACT are now technically in recession, according to new Australian Bureau of Statistics data. The new figures…
One certainty about economic forecasts is that, almost certainly, they will prove to be incorrect. The best forecasters can hope for is not to make systematic errors – to get it right on average – and…
Australian economists and financial-market regulators would agree with much of Nobel Laureate Joseph Stiglitz’s recent speech to the Reserve Bank of India. The complexities of formulating useful models…
Last week, after nearly two years of negotiations, loggers and environmentalists shook hands on a Tasmanian forestry peace deal. The deal represents a landmark in more than 30 years of animosity between…
As foreign central banks continue to park their money in our triple-A rated bonds, the Australian dollar continues its inevitable ascent. The dollar traded as high as US106.03¢ after the RBA left the interest…
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