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It’s not just the daughters of CEOs that are likely to be subject to pay inequity. Peter Werkman/Flickr

Drinking ‘daughter water’ won’t be enough to deliver pay equity

The Workforce Gender Equality Agency (WGEA) has launched a campaign to send “daughter water” to the CEOs of approximately 3,000 companies who have reported to the Agency that they haven’t done a gender…
We need entrepreneurs with vision beyond the current reporting period. www.shutterstock.com

Long-term growth is the victim of short-term buyback schemes

When Lord John Maynard Keynes wrote “In the long run we are all dead”, he was not just expressing his frustration at mainstream economists who blindly believed in self-adjusting markets. I am convinced…
Queensland Premier Campbell Newman has the support of his federal government colleagues to privatise assets, but the electorate remains unconvinced. Dan Peled/AAP

Making the case for selling off Queensland’s power assets

Queensland’s Campbell Newman-led coalition will seek a mandate to privatise the electricity sector, along with two ports and water pipelines, in next year’s state election, despite it being rejected by…
ACCC Chair Rod Sims could soon see some of the regulator’s powers taken away. Alan Porritt/AAP

Why handing NBN oversight to a new regulator is a recipe for failure

Both the Harper competition policy review, and the more recent Vertigan NBN market and regulatory review have widespread implications for economic regulation. The reports are different in scope and their…
China’s market for milk is huge, but not without its challenges. Mark & Andrea Busse/Flickr

With a free trade deal Australia can win China’s dairy market

The clock is ticking down to the end of year deadline Australian Prime Minister Tony Abbott has given for sign off on a free trade agreement with China. In this China-Australia FTA series we explore what…
Global infrastructure agendas must not marginalise developing countries www.shutterstock.com

The pitfalls of the G20 infrastructure agenda

Australia’s G20 infrastructure agenda aims to increase quality investment into global projects. The agenda advocates using the private sector to develop infrastructure in order to boost global growth and…
Prime Minister Tony Abbott is inching Australia closer to a free trade agreement with China. Parker Song/EPA/AAP

Key events in the 10-year journey towards a China-Australia FTA

The clock is ticking down to the end of year deadline Australian Prime Minister Tony Abbott has given for sign off on a free trade agreement with China. In this China-Australia FTA series we explore what…
With the Australian dollar continuing to fall, the local economy is expected to rebalance. Paul Miller/AAP

Falling Aussie dollar to weigh on interest rates decision

The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
With the world watching, Australia’s FTA with China is likely to be more about diplomacy than economics. Parker Song/EPA/AAP

Bar set low for a ‘do no harm’ China-Australia FTA

The clock is ticking down to the end of year deadline Australian Prime Minister Tony Abbott has given for sign off on a free trade agreement with China. In this China-Australia FTA series we explore what…
Finance Minister Mathias Cormann has rejected calls for government supervision of planners. AAP

A new regulator and new players - pressure mounts on financial planners

The Australian Bankers’ Association and Financial Services Council announced this week plans to establish an industry-led regulatory body for financial planners. However, whether such a body will be effective…
Is our thinking on house prices blurred by irrationality? Kesu/Shutterstock

Rational talk on housing prices lost in a bubble

The latest house price index figures released by RP Data earlier this week show a year-on-year increase in property values in Sydney of 14.3%. This has sparked the current hot debate on property prices…
Treasurer Joe Hockey has picked up the pace on tax information sharing, in response to a push by the OECD. Dave Hunt/AAP

What’s needed for Australia to seriously tackle tax avoidance

Despite Treasurer Joe Hockey’s continued statements that the government is doing “everything we can … to ensure that companies that earn profits in Australia pay tax in Australia”, the federal government…
As Hong Kong’s position as China’s economic enabler fades, the island must embrace what it shares. AAP/EPA/Alex Hofford/

Beyond the fog of tear gas, Hong Kong’s future remains with China

“Nothing lasts forever – even the longest, most glittering reign must come to an end someday.” And so it was that Britain’s celebrated fictional Machiavellian mastermind Francis Urqhuart greeted viewers…
Some financial advisers are greedy, but others simply have a bias problem. Shutterstock

What behavioural economics tells us about financial adviser greed

There’s no doubt incentives matter for financial advisers. If an employer pays a higher commission to an adviser for selling one product instead of another, it’s likely the commission-linked product will…
Animal spirits: the Reserve Bank will be asked to explain itself on what is means by macroprudential tools. AAP/Dan Peled

It’s too simple to argue lack of supply pushes up house prices

Is there a national housing supply problem? No, but there is a problem of access to affordable housing in certain regions. Last month, Reserve Bank Governor, Glenn Stevens commented on the need for “animal…
Treasurer Joe Hockey joins a long line of leaders unable to close the gap between promise and reality. Dave Hunt/AAP

Joe Hockey and the G20 headed for promise fatigue

Governments are notorious for missing targets. Look no further than France or Spain’s recent fiscal calumny, despite the European Union’s excessive deficit procedure. Closer to home, the Association of…
Hawthorn fans watched the players train this week - everyone is a winner when it comes to the AFL grand final. AAP/Julian Smith

Why AFL grand final is the most successful event in Australia

When the Sydney Swans take on Hawthorn at the Melbourne Cricket Ground on Saturday, it won’t just be AFL fans cheering. As Australia’s dominant sport competition, the AFL generates more revenue than any…
Should housing policy and tax reform be driven by pricey Sydney housing? Aaron Jacobs/Flickr

Housing bubble or not, negative gearing should stay

The perennial debate about negative gearing of residential property investments has been reignited yet again, by two reports in the past week. The International Monetary Fund has nominated taxes on housing…
Australia’s highest paid CEO Nicholas Moore saw his salary grow to $13.1 million this year. Tracey Nearmy/AAP

CEO pay study shows how much Australians tolerate inequality

Almost everyone in a study soon to be published in Perspectives on Psychological Science thinks chief executive officers are paid significantly too much - almost everyone it suggests, except Australians…
A review of federalism and taxation should begin with recognising the value of what we have created as a nation. Flickr/Ross Thomson

Why we should consider ourselves a nation first, a federation second

The reform of Australia’s federation is under review. So far in our special series, leading Australian academics have discussed the future of the federation when it comes to taxation, education and health…
Dealing with housing bubbles can get messy for central banks. Shutterstock

Home loan limits and buffers won’t stop a housing bubble

Australia’s central bank has formally flagged the use of macroprudential tools to address what it called “unbalanced” lending in its most recent Financial Stability Review. Loan-to-valuation ratio (LVR…