Articles sur Economic policy

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The B20 and G20 agendas are both focused on economic growth, but Prime Minister Tony Abbott wants to avoid linking climate policy to the agenda. Aman Sharma/AAP

Abbott stands alone on climate policy and economic growth

In a speech delivered at ANU in April last year, then shadow environment minister Greg Hunt looked toward Australia’s host role for the G20 during 2014. Regarding climate policy he said Australia should…
Less cash to spend on artisan olives? Dan Cunningham

How to stop the middle class getting poorer and poorer

Since the 1950s, with a few rare exceptions in the 1970s, the middle class – all over the world – has been getting worse off. Specifically, the middle class’ purchasing power, as with that of the working…
Some pain, but the nation will benefit: Hockey’s first budget. AAP/Lukas Coch

Federal budget 2014: economists react

The Abbott government has laid out its path to reach a budget surplus near the end of the decade in the face of continued below-trend growth. Stopping short of making deep cuts in the coming years, Treasurer…
Youth Club? EPA/Andy Rain

Handle with care: Europe’s fragile jobs growth

Unemployment in the euro area finally seems to be showing signs of a timid recovery, according to the winter forecasts from the EU, but that doesn’t mean that we can rest on our laurels. A bumpy ride lies…
The G20 Finance Ministers and Central Bank Governors Meeting concluded with a growth ‘aim’ of 2% above current projections over five years. AAP/Jason Reed

G20 finance ministers agree to growth target: experts react

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…
Australia is pushing for hard growth targets at this weekend’s G20 Finance Ministers meeting, but taxation is the elephant in the room. Dan Himbrechts/AAP

Cut company taxes, boost innovation: OECD

Australia should cut company taxes and increase innovation to avoid falling behind in the productivity race, according to…
Treasurer Joe Hockey wants the G20 Finance Ministers to agree to hard economic growth targets, but not everyone is on the same page. Daniel Munoz/AAP

Hockey’s G20 growth targets can’t be one size fits all

Treasurer Joe Hockey this week revealed plans to push for quantitative economic growth targets from the G20 Finance Ministers, who are meeting in Sydney this weekend. But it’s unclear whether this mission…
Is this really the kind of society we want? zoomar

The happiness agenda makes for miserable policy

How happy do you feel today? How satisfied are you with your life? Do you think your life has any worth? These are the kind of questions increasingly put to survey respondents as academics and politicians…
Can - and should - the RBA intervene to lower the Australian dollar? Image sourced from www.shutterstock.com

Intervene or wait? The RBA faces tricky path to a lower dollar

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…
On the hunt for rogue internet cafes. Niall Carson/PA

Is it really worth bugging? A guide to the G8

So what’s so special about this lot? Who decides which countries get to be in the gang? Can you get kicked out? How does it stack up against the G20? If spies were to listen in, would they hear anything…
Will stronger economic integration test the resilience of the Australia-New Zealand relationship? AAP

Australia and New Zealand’s slow and steady move towards economic integration

In March this year Australia and New Zealand will celebrate the 30th anniversary of a trade agreement known as Closer Economic Relations (CER). Few Australians and New Zealanders are likely to notice…
The true value of art cannot be measured by economic standards. Flickr/TruShu

Game of funds: return of the culture wars?

In 2012, public debate over the value of art and culture has reignited as conservative state governments in Victoria and Queensland cut arts funding from their budgets. Queensland Premier Campbell Newman’s…
Robert F Kennedy thought it a mistake to equate success with what we produce. RFK Wharehouse

There’s more to good policy than increasing GDP

Economists are regularly criticised for worrying about gross domestic product (GDP) and similar measures. The classic statement of the case was by Robert F Kennedy: “Too much and too long, we seem to have…
Arguments against taxing the super rich are centred around the notion that wealth encourages investment and creates jobs. But what about the effects of income inequality? R SH

Invested interests: debunking the economic case for the one percent

In a widely anticipated forthcoming book, Edward Conard – a former Bain Capital colleague of Mitt Romney’s – has advanced the arguments that investment drives economic growth, and that deregulation and…
What would Marx (left) and Engels say about capitalism’s current predicament? Marcio Cabral de Moura

Marxism versus the mainstream: rethinking the economic crisis

The current economic crisis has renewed interest in alternative economic ideas. Most conspicuously, Keynesianism has returned from the margins. Unfortunately, particularly in Europe, policymakers quickly…
Policy or populism? Wayne Swan may be locking himself into a misguided stance on returning to surplus. AAP

Why is Wayne Swan locking himself into a return to surplus?

It is just possible that the Federal Government’s public statements about the need to get back, at all costs, to a budget surplus for the 2012-13 year are based on a grim view of the intelligence of the…
Joint Nobel Prize in Economics winners Christopher Sims and Thomas Sargent have contributed a body of work over decades. AAP

Economists’ lifetime of work honoured with Nobel prize

Princeton University professor Christopher Sims and New York University economist Thomas Sargent have been jointly named the 2011 winners of the Nobel Prize in Economics (or, for the purists, the Sveriges…
Nobel Laureates: Princeton University professor Christopher Sims (left) and Thomas Sargent, a New York University economist and visiting professor at Princeton. AAP

US economists win Nobel Prize for cause and effect theories

Two US economists have been named the 2011 winners of the Nobel Prize in Economics for their research on how economies are…

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