Thanks one of the treasurer’s most trusted confidants, we can now piece together what the government’s likely to do next about rising energy bills. Here’s what I expect to see over the next month.
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Crawford School of Public Policy, Australian National University
Crawford School of Public Policy at The Australian National University is Asia and the Pacific’s leading graduate public policy school. Crawford School is home to influential publications including the journal Asia and the Pacific Policy Studies, and publications such as East Asia Forum, Dev Policy Blog, Policy Forum, Solutions, and Advance.
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Lowe and the Reserve Bank are pushing up interest rates at almost the fastest pace on record to get the economy back in balance. It’s tough. But it has been done before – and here’s how it worked.
Two-thirds of those surveyed back capped gas prices, an extra tax on gas exporters that would subsidise prices, or rules requiring Australian gas to be reserved for Australian use.
For homebuyers, there’s no interest rate relief in sight just yet. Here’s why.
Australia has by far the highest domestic gas prices of any gas-exporting country. Threating to withhold export licences would bring prices down
Frightened by the prospect of an inflation rate approaching 8%, Chalmers has pumped very little into the economy, funding most of their extra spending by cutting Coalition programs.
Climate change shouldn’t be used as a “get out-of jail free” card to excuse bad decision-making and poor planning decisions.
Policymakers were too complacent about inflation, and the global economy is paying the price. Australia’s resources mean it is better placed than most.
Chalmers was careful during the campaign to reject the idea of a tax-to-GDP cap. He is going to have to raise much more tax, and start a conversation about how – beginning with next week’s budget.
At the right moment, Australia’s Reserve Bank would be wise to stop taking its lead from the US – holding interest rates here steady, even if they’re still rising overseas.
It costs just 20 cents to make a $2 coin, and 32 cents to make a $100 note, but eventually the money making is going to stop.
Unemployed Australians who accessed their super during COVID stayed on benefits seven weeks longer than similarly-placed recipients who did not.
From the 1870s on, continual improvements in living standards became a birthright – not for everyone, but for humanity as a whole. King Charles III inherits a different future.
Fossil fuel subsidies from major economies nearly doubled in 2021, reaching almost US$700 billion. Here’s how Australia stacks up.
On September 20, the single rate of JobSeeker will climb $25.70, to $668.40 a fortnight – its biggest-ever automatic jump. Yet that’s only $17,378 a year: not even two-thirds of the poverty line.
How do you measure the productivity of a hairdresser, or a teacher, or an aged care worker? It’s harder than you might think.
We have fewer workers changing jobs and fewer new firms than we used to.
Among the top economists surveyed was the man who designed Australia’s higher education loans scheme – who described funding for vocational education as a “mess”.
Governments budget in billions. Yet analysis prepared for The Conversation shows they’ve been extraordinarily stingy with pay rises – particularly when it comes to teachers and nurses.
What’s driving this new ultra-low unemployment? Digging into economic data reveals something we haven’t seen before – which has already changed the lives of almost 100,000 Australians.
Authors
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Visiting Fellow and Director – Micro heterogeneity and Macroeconomic Performance program, Crawford School of Public Policy, Australian National University
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Professor, Crawford School of Public Policy, Australian National University
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Research Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Professor of Public Policy, Crawford School of Public Policy, Australian National University
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Professor, Crawford School of Public Policy, Australian National University
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Economist, Crawford School of Public Policy, Australian National University
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Peter Whiteford is a Friend of The Conversation.
Professor, Crawford School of Public Policy, Australian National University
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Australian Laureate Professor, Crawford School of Public Policy, Australian National University
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Professor of Economics, Crawford School of Public Policy, Australian National University
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Adjunct Professor, Crawford School of Public Policy, Australian National University
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Professor of Economics and Director, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Professor in the practice of public policy and antitrust, Crawford School of Public Policy, Australian National University
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Visiting Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Distinguished Professor of Economics and Public Policy, ANU Centre for Applied Macroeconomic Analysis (CAMA), Crawford School of Public Policy, Australian National University
