The G20 finance ministers, who have been meeting in Sydney this weekend, say economic grow is still below the rate needed to get people back into jobs. In a statement released at the conclusion of talks…
- Professor of Economics, Monash University
With the value of the Australian dollar falling more than 10 cents in the past few months, should we all be hedging our bets and trading the Aussie for a fast profit? There’s no shortage of foreign currency…
Reserve Bank Governor Glenn Stevens has again weighed in on the value of the Australian dollar, telling a group of economists the bank is open to the idea of intervening to bring its value down. With the…
Kevin Rudd’s proposal for a “northern zone” with low company tax rates to attract businesses has been widely ridiculed in the media as another crazy thought bubble. I think it is a great idea. As long…
“Mr Rudd can stand up and show us his chart and demonstrate that by comparison with some other countries, Australia’s debt and deficit position is not so bad. But it’s not what we’ve done, it’s where we’ve…
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…
“Australia has one of the lowest unemployment rates in the developed world.” - Finance minister Penny Wong, The Drum opinion article, 14 January. Several ministers, including finance minister Penny Wong…
More than a decade ago the federal treasury produced the first Intergenerational Report (IGR), warning of the challenges facing the Australian economy due to demographic change. The IGR warned that the…
The Reserve Bank of Australia today cut the cash rate by 25 basis points to a record low of 2.75%, but some experts have questioned whether the central bank cut too soon. In a statement issued today, central…
“We are animated by but one desire — to do that which is best for Australia, and fair, just, and equitable to all the states, and to all classes and sections of our community.” This quote comes from the…
Calls to establish an Australian Sovereign Wealth Fund have intensified with the world’s biggest bond managers, Pacific Investment Management Co (Pimco) calling on the Federal Government to manage for…
A mining tax to provide a wealth fund for the future, a flood levy to pay for Queensland’s floods earlier this year, a carbon tax to pay for our environmental damage. Little wonder the tabloid press is…
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