When attendees at the annual Jackson Hole symposium get a chance to chat, they might muse about central banks targeting nominal GDP instead of inflation.
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Central banks around the world are struggling with the failure of low (or negative) interest rates to breathe life back into ailing economies.
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Increased development is always unsustainable, so let’s stop kidding ourselves.
Some heavy hitters think it’s time the RBA’s role shifted a little.
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Independent Senator Nick Xenophon wants the RBA to focus on economic growth, and he’s not alone.
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South Africa has claimed back its status of the largest economy in Africa, toppling Nigeria, due to the appreciation of the rand. What’s prompted the movement?
India’s GST still needs to pass some check points but it promises economic reform.
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India stands to economically benefit from the introduction of a Goods and Services Tax. Australia could also cash in.
It’s possible to predict medal tallies with surprising accuracy.
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Medal counts for individual countries from the Sydney 2000 to London 2012 Olympics have been predicted relatively accurately, using just a small number of demographic and economic characteristics.
A national minimum wage can address South Africa’s inequality.
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Establishing a national minimum wage in South Africa will benefit the country by addressing working poverty and high levels of inequality.
South Africa’s economy isn’t growing. Solutions are within its grasp.
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The South African Reserve Bank has forecast zero percent growth for 2016. Some urgent steps are needed to get the country out of this hole.
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The numerical basis used to study African economies suffers from major knowledge gaps. This needs to improve if numbers are to inform policies that will encourage growth and push back poverty.
Are we slaves to futile endeavour?
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Work, consume, die. The relentless drive for improvements in our workplaces brings unexpected costs.
Sorry, but the glass is half empty.
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GDP growth that doesn’t translate into income is no cause for celebration.
As GDP increases so does spending on education.
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Education does help to grow the economy, but research highlights some severe limitations.
Prime Minister, Malcolm Turnbull and Treasurer Scott Morrison should be pleased with the strong GDP figure, released during the election campaign.
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The adverse impact of the resources bust is still there, but the figures suggest the economy tracking at or above its potential.
Osborne, managing expectations?
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Part two of British chancellor George Osborne’s case for staying put is realistic but flawed.
The earth is a finite place.
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The global economy is already unsustainable – let alone if it gets bigger.
Jumping to conclusions. Does GDP mislead us?
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Our feelings of self-worth and contentment are no longer the preserve of writers and artists. Science has made measurement of our well-being a viable alternative to the banalities of economic output.
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Moves to measure country progress in other ways to GDP are on the rise. Here’s how happiness researchers are changing the game.
South Africans take their cue from what Finance Minister Pravin Gordhan says about the country’s economic outlook.
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Forecasts are crucial for all economic and business activity. But looking into the future involves uncertainty and risk. Forecasts may be inaccurate, which creates a serious dilemma for policy makers
The Malcolm Turnbull-led government will have to combat a gloomy Australian economic forecast in this year’s election.
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The Coalition government will retain power if it can convince both business and voters it understands Australia’s economic challenges.
Current conditions make for a wild ride for investors.
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Low inflation gives the RBA scope to cut rates in coming months but a lot will turn on whether we continue to see persistently weak GDP growth.