Until now, the US has been the most popular destination for potential migrants, and Australia around fifth.
- Program Director, Trade and Investment, United States Studies Centre, University of Sydney
Shutting down the stock market would be like closing our eyes and shooting the messenger.
Even when interest rates are already low, on balance further cuts boost rather than harm confidence.
In a speech broadcast live on the Reserve Bank website, the governor explained how quantitative easing would work. He won’t try it until the cash rate hits 0.25%.
There’s nothing unusual about quantitative easing. Our biggest mistake would be to be to wait.
If the RBA continues to sacrifice its inflation target on the altar of financial stability risks, inflation expectations and our wages growth will continue to languish.
Australia’s approach to retirement incomes policy has three pillars. The first pillar is the means-tested age pension, which dates from 1909, and is intended to provide a safety net should the other pillars…
The Melbourne Institute’s recent “Intergen +10” workshop was a retrospective on Australia’s pioneering Intergenerational Reports, an outgrowth of the fiscal responsibility legislation put in place by the…
A fundamental truism of economics is that if you tax something, you get less of it. Tax is thus a good place to start in seeking to explain why Australia’s housing market is chronically under-supplied…
There has been growing debate as to whether Australia should make greater use of Australia’s sovereign wealth fund, the Future Fund, to manage fluctuations in the federal budget balance due to commodity…
It is no coincidence the federal government is increasing its existing multi-billion dollar subsidies to the car industry at the same time it is increasing the tax burden on the mining sector. Price signals…
CORRECTION: Stephen Kirchner’s review of Paul Cleary’s book Too Much Luck said he “wants the Foreign Investment Review Board to use its powers to force foreign companies to buy local”, and that he has…
Global share markets were faltering even before the decision by Standard & Poor’s to downgrade the US government’s debt. The slump in share markets over the past week reflects a weaker outlook for…
A funny thing happened on the way to this year’s Australian Conference of Economists. A survey was conducted of the policy opinions of members of the Economic Society of Australia (ESA). Far from conforming…
The global financial crisis has occasioned a vast literature purporting to analyse the causes and consequences of the crisis. The crisis literature ranges from morality play narratives, insider accounts…
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