Cost-of-living measures are the key feature of this pre-election budget. But does it shore up our economy at a time of global risks? We asked 5 experts.
- Professor of Macroeconomics, University of Sydney
We’ll need to spend at least an extra 15-20% of GDP per year. It’ll be more palatable if it is funded by COVID bonds.
Two experts argue for and against government intervention when it comes to fixing low wage growth.
New Zealand’s new government wants the central bank to focus on maximising employment. But experience from other countries shows this is unlikely to change policy.
Trade Minister Steven Ciobo told Q&A viewers that Australia has had 25 years of continuous economic growth, and is the only country in the world with a period of growth that long. Is that true?
Is Prime Minister Malcolm Turnbull right to say that Labor plans to increase taxes by A$100 billion over ten years?
Popular wisdom holds that conservatives manage the economy better than their progressive counterparts, but recent data from the US and Australia does not bear this out.
Inflation-targeting central bankers need to focus on stabilising inflation and not be sidetracked into correcting all other macroeconomic and financial problems.
In our first piece in a new series on economic theories that are changing the way we think, how is technology creating growth?
I am a member of the “Shadow” RBA Board, which is made up of a collection of industry and academic economists. Just before every meeting of the real-world RBA Board, we announce our recommendations for…
A recent internet meme making the rounds on Facebook compares minimum wages and the prices of Big Macs in the United States and Australia. The minimum wage is more than double in Australia (US$16 per hour…
Treasurer Joe Hockey and billionaire Rupert Murdoch recently made impassioned speeches expressing their deep concern about the problem of rising inequality —the rich are getting richer, while the poor…
Six years after the dramatic collapse of Lehman Brothers, the United States economy is finally showing signs of a stronger recovery from the global financial crisis. The Federal Reserve (Fed) is winding…
The major Australian banks have recently cut fixed mortgage rates below 5%. They have done so without any prompting from the Reserve Bank of Australia, which may actually start raising the policy rate…
What are the risks in the economic outlook for Australia? Typically, prognosticators take a scenario-based (aka “story-telling”) approach to answering this sort of question. And usually these scenarios…
As the 2014-15 budget nears, Australians are hearing that the government must mount an urgent repair job to address the looming structural crisis that will see the budget in deficit for decades to come…
Australia’s cost of living is among the highest in the world, despite our low inflation rate. In this series we explore what consumers can expect from the big ticket items - petrol, power and groceries…
The Reserve Bank of Australia today lowered the cash rate by 25 basis points to a record low of 2.5%, saying that while inflation had been on target, the domestic economy had been growing below trend…
All eyes will be on the Reserve Bank of Australia board this afternoon as it meets to decide whether to further cut interest rates. Australian markets tumbled 2% yesterday in the wake of poor US jobs data…
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