Failing to address skyrocketing housing prices risks the future of young Australians and the financial system.
- Scientia Professor of Economics, UNSW
The dark side of ‘financialisation’ is well-known. But it’s not all bad news.
Without greater urgency on vaccinations, Australia’s full economic recovery is still at least nine months away.
It’s not too late for Australia to repair our vaccine strategy, though we will never make up for the months lost.
For an orderly transition from fossil fuels, Australia needs a carbon price to replace its hodgepodge of clumsy government interventions.
The Reserve Bank has limitless access to Australian dollars and a reputation to protect.
For once, centre-left economists are divided.
Our continued recovery depends on how much we spend and how quickly we get the vaccine.
The Reserve Bank should stick to its guns. Australia’s economy still needs all the support it can get.
Joe Biden’s middling economic policies are a chance to cut through the bitter polarisation of US politics.
The Morrison government has through great skill and some luck helped avoid Austrlaia a COVID catastrophe.
Janet Yellen is the perfect choice to tackle the worst economic crisis in a century, and the problems that lie beyond.
Australia faces a carbon tax being imposed on it by its trading partners. It’s time to get ahead of the curve.
There’s a sort-of natural law that ensures that where there are electorates some votes count more than others.
A high unemployment rate isn’t just bad for individuals without a job, and the costs aren’t just financial.
Just because a tech company has a big share of the market doesn’t mean it has the power to keep it.
There’s a strong case for more strategic local manufacturing. There’s little case for making cars and trains in Australia.
Their big contribution was that auctions aren’t just auctions. How an auction is designed matters enormously for what it does.
The government has brought forward planned future tax cuts. And while some say we shouldn’t be cutting taxes during a recession, the plan has its merits.
The closer to the election you can drop a bombshell, the better, right? Not necessarily.
Making Google and Facebook pay Australian news publishers might be good politics, but it is odd economics.
Firms should attempt to maximise profits, but if shareholders want it, there’s no reason why they can’t have other goals.
Yo-yoing lockdowns are costly and to be avoided if at all possible. Here is what we can do to dramatically improve testing and tracing.
Most recessions are caused by an overreaction to too much inflation. This one is because we are not spending.
The AMP saga, and new research, shows the power of ‘shareholder voice’.
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