This government has known more about the granular detail of the crisis than any government in any crisis before it.
Articles on Recession
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Now that we are recovering from recession, there’s no telling how low we could push the unemployment rate. One estimate is 3.5%.
Protecting jobs that will be lost anyway is money that could be spent on building the green economy.
The government has a legal duty not to exacerbate inequalities in its policies, but this is getting forgotten during the pandemic.
Ross Garnaut’s new book Reset argues for much bolder approach to employment, debt, interest rates and basic income than is widely envisaged.
Instead of wage subsidy and business loan schemes, allowing households, workers and employers to borrow against future income could be more efficient and equitable in the long run.
A momentary peak may succumb to a slow recovery
Our economy remains far weaker than it was a year ago and far weaker than it would have been had spending not collapsed.
Australia has a huge opportunity to design a recovery strategy that strengthens our resilience to future shocks and ensures the country’s long-term, sustainable prosperity.
The US economy historically does better under Democratic presidents than Republicans, with far fewer months spent in recession
The most important change is a guarantee about the future, one the RBA can be held to.
The IMF wants government intervention on climate change. It’s now abundantly clear Australia’s climate policies are at odds with even the most conservative approach to economic management.
Some economists have begun to compare the current recession and recovery with a ‘K,’ while others see a ‘V.’ Which is it, and what does it mean?
Former prime minister Paul Keating has launched an extraordinary attack on the Reserve Bank, accusing it of having “one of its dalliances with indolence”, and describing it as “the Reverse Bank”.
New analysis shows there is considerable scope to increase JobSeeker payments before they might hinder people’s motivation to find paid work.
The fallout from COVID-19 for housing and homelessness just adds to the urgency of fixing the long-standing ills of the housing market. The well-being of Australia’s economy and people depends on it.
As the UK heads into a recession, here are some simple - and cheap - tips to reduce utility bills and make less of an impact on the planet.
Unless we get unemployment down quickly young Australians will wear the scars of the recession for a decade.
Michelle Grattan discusses the political week that was with Professor Paddy Nixon
Chris Bowen on the recession, aged care and priorities for health policy
Michelle Grattan sits down with shadow health minister Chris Bowen
Top contributors
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professorial Fellow, University of Canberra
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Senior Lecturer in Economics, The Open University
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Associate Professor of Finance, Mississippi State University
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Associate Professor of Business, Boston University
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Program Director, Housing and Economic Security, Grattan Institute
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Senior Lecturer in Economics, University of Sydney
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Honorary Research Fellow, City Political Economy Research Centre, City St George's, University of London
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Senior lecturer, Canberra School of Government, University of Canberra
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Lecturer in Economics, Monash University
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School of Social Sciences, Monash University
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Associate Professor of Economics, West Virginia University
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Associate Professor of Economics, Pace University
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Professor of Finance and Business Economics, University of Southern California
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Professor & Greenbaum/Ferguson/NJAR Endowed Chair in Real Estate Policy, Monmouth University