GFC

Analysis and Comment (4)

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Warnings of a drop in Australia’s real GDP per capita – a measure of living standards – still provide a stark contrast to Greece, where the real GDP per capita is likely to be 25% lower in 2013 than in 2008. AAP

Do dire warnings of falling living standards add up to need for tax reform?

By Peter Whiteford

Last week, the Organisation for Economic Cooperation and Development (OECD) in a preliminary version of its 2012 Economic Outlook lowered its growth forecasts for Australia from 3.7% to 3.0% in 2013…
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Taking care of business: given the glacial pace of financial reforms since the GFC, it is not unreasonable to expect another crisis of the same magnitude. _Davo_

Crisis? What crisis? Five years on, we’ve surrendered to the global financial sector

By Jikon Lai, University of Melbourne

It has been five years since the sub-prime mortgage crisis emerged in the US. This was followed by financial institutions suffering liquidity shortfalls in both US and Europe, and their eventual collapse…
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Australia’s economy was relatively unscathed by the global financial crisis, according to data from the latest Melbourne Institute HILDA survey. AAP

The benign effects of the “Great Recession”

By Mark Wooden, University of Melbourne

In September 2008 the sudden collapse of the investment banking sector in the US would propel much of the world – especially Western economies – into the worst economic recession since the Great Depression…
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In times of financial collapses, banks and governments are painted as the villains. But what about economists? ~ dgies

Time to stop rewarding economists for bad behaviour

By Philip Soos, Deakin University

Since the beginning of the global financial crises in 2007, there have occurred numerous economic and financial crises around the globe, plunging often prosperous nations into hardship and even near bankruptcy…

Research Briefs (2)

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