Renee McKibbin, Crawford School of Public Policy, Australian National University
Complaints that our recommendations would weaken the Reserve Bank governor ignore the fact that outsiders already control the board. We just want them do it better.
Six charts explain the Australian economy. Three of the most disturbing show living standards going backwards, productivity collapsing and household saving falling to a 15-year low.
Peter Martin, Crawford School of Public Policy, Australian National University
Former Reserve Bank and Treasury chiefs have gone on to run Westpac, the National Australia Bank, the ANZ, and Macquarie Bank. It makes regulating those banks hard.
Peter Martin, Crawford School of Public Policy, Australian National University
The Treasury and RBA believe Australia’s sustainable rate of unemployment is above 4%, but Australia’s leading economists think 3.75% is possible long-term, and have ideas about how to achieve it.
Peter Martin, Crawford School of Public Policy, Australian National University
Australia has never clearly defined what “full employment” means. That’s about to change – and a more ambitious definition could help keep 150,000 or more Australians in work.
In this podcast, our guest is Andrew McKellar, CEO of the Australian Chamber of Commerce and Industry. He joins us to give a business take on the economy and relations with the Albanese Government
Peter Martin, Crawford School of Public Policy, Australian National University
Even a week ago we couldn’t have predicted this. But after good news from the US, our Reserve Bank now has a chance to cement low unemployment while controlling inflation – without more rate rises.
The government has appointed Michele Bullock the new governor of the Reserve Bank – the first woman to occupy the post. Bullock, currently deputy governor, replaces Philip Lowe, who has weathered strong…
We estimate that unemployment and underemployment in the 13 years between 2004 and 2016 directly resulted in more than 3,000 Australian deaths by suicide.
Peter Martin, Crawford School of Public Policy, Australian National University
Australian home borrowers are experiencing much, much more interest rate pain than borrowers in New Zealand, Canada, the UK or US – for one simple reason.
Peter Martin, Crawford School of Public Policy, Australian National University
The good news includes a return to real wage growth and a restrained increase in unemployment. The bad news includes even higher home prices and a per-capita recession.
Peter Martin, Crawford School of Public Policy, Australian National University
Less than 20 years ago, 69% of Australians’ purchases were made with cash. It’s now 13% and falling. This chart shows how the way we pay has completely changed in just one generation.
Peter Martin, Crawford School of Public Policy, Australian National University
More than one million borrowers are set to come off ultra-low fixed mortgage rates this year and next, meaning the full effect of the ten rate rises to date is yet to be felt.