Every one of the 13 economists surveyed by The Conversation thinks more stimulus is needed. None think it should all come from the Reserve Bank. Most think the budget surplus can wait.
Ross Gittins on the government’s “surplus obsession”
The Conversation, CC BY29,3 MB (download)
As the Australian economy continues to struggle, many argue that stimulus is needed, urging the government to abandon its "surplus obsession".
In many countries people are now paying more for bonds than they will receive at maturity. These negative interest rates should make it a good time for investment.
The state of budget-balance fetishism in Australia means political leaders promise to balance the budget, no matter what.
Last time Australia got lucky. We are unlikley to get lucky again.
When an elected leader turns autocratic, the economy tends to suffer. That's because, in a functioning democracy, economic policy is made jointly, with lawmakers playing a key role.
South Africa's President, Cyril Ramaphosa, needs to quickly address key challenges to restart the economy.
Politics podcast: Michael Keating on a Fair Share.
The Conversation54,4 MB (download)
Keating told The Conversation that taxation revenue will need to rise by another 3 percentage points of GDP in the next three decades.
Australia's Charter of Budget Honesty could be easily adopted by Canada. Such a charter can include suggestions for constraints and rules that encourage fiscal discipline.
South Africa should look towards inclusive growth to push back the growing levels of poverty within the population.
The International Monetary Fund's view of how to fix South Africa's economy deserves to be seriously considered.
What the Labour Party manifesto says about tax and spending – and whether or not it is viable.
Where now for one of the great emblems of post-World War II global co-operation?
Because the budget is a very difficult means of carrying out targeted fiscal policy, it's become more important as a centrepiece for the government's economic strategy.
Analysis shows that rising inequality over the past 20 years makes it harder to increase taxes and makes citizens less willing to pay them.
A zero rate for business could actually be a progressive move and would reflect the anti-bureaucratic spirit of Brexit.
Athens can celebrate two consecutive quarters of growth. Berlin must stomach some weakness. Everyone should remember cheap money isn't free money.
Trump's trickle-down economic ideas to cut taxes and invest in infrastructure may not go to plan. So it's not the type of fiscal policy leadership the world needs.
The central bank's governor is locked into a white-hot political spat, but what can he actually do in the next two and a half years?
While Australia faces its greatest economic challenges in a generation, we are still waiting for the greatest economic reformers in a generation to arrive.