University of Canberra Professorial Fellow Michelle Grattan and University of Canberra Associate Professor Caroline Fisher discuss the week in politics.
Articles on GDP
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Things looked good, although we were still cautious at the end of March. Our national accounts are prepared with a lag.
GDP only measures economic growth – not inequality, poverty or unpaid work like elder care. So researchers in the Netherlands developed a new way for governments to see how people are actually doing.
Canadian residential real estate and farmland have historically proven to be strategic hedges against inflation.
Economic activity has returned to almost what it was before the crisis, but to nowhere near were it would have been were it not for the crisis.
Many studies have assumed that lockdowns are the leading driver of economic downturns – but evidence suggests otherwise.
Global economic policy excludes low-income countries from the spending options that developed nations use to buffer their economies in times of crisis, and the pandemic has inflamed that inequality.
Our economy remains far weaker than it was a year ago and far weaker than it would have been had spending not collapsed.
Without a jump in consumer spending the recovery will be slow, and that’s in doubt.
The notion of a trade-off between health measures and the economy is not supported by data from 45 countries.
The US economy’s record pandemic plunge was followed swiftly by a record upswing. But what does it all mean?
How the lessons learned from the global financial crisis can transform our view of COVID risk.
This celebrated research gives governments a reason to give climate change a low priority, but is based on spurious empirical data.
Most recessions are caused by an overreaction to too much inflation. This one is because we are not spending.
GDP figures hide the deep inequalities that our economic system produces.
By 2022 the government will probably have spent half a trillion, but it will be value for money.
Treasurer Josh Frydenberg has announced massive budget deficits of $85.8 billion for the just-finished 2019-2020 financial year and $184.5 billion projected for 2020-2021.
Although there will be some economic harm, it may be time to retreat from free trade with China and focus on our national security concerns.
The Black Lives Matter protests last weekend marked a new stage in the unpredictable journey coronavirus has taken us on.
It’s far too early to declare victory. The need for conventional economic stimulus has just begun.
Top contributors
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Scientia Professor of Economics, UNSW
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Senior lecturer, Canberra School of Government, University of Canberra
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Professorial Fellow, University of Canberra
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Founding Director, Institute for Sustainability, University of Surrey
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Professor of Economics, University of Canberra
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Professor of Economics & Business, Allegheny College
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Dean of Business School, University of Southern Queensland
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Director, Centre of Policy Studies, Victoria University
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Associate Professor, School of Economics, University of Sydney
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Director and Professor, Australia-China Relations Institute (UTS:ACRI), University of Technology Sydney
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Associate Professor in International Macroeconomics, Cambridge Judge Business School
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Lecturer in Economics, University of the Witwatersrand
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Professor, School of Economics, The University of Queensland