Australia’s population growth is expected to be stagnant over the next two years, due largely to decreased immigration. This won’t lead to a quick economic recovery.
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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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Despite its big sticker price, the 2020 federal budget just isn’t that stimulating.
Assuming jobs will grow as JobKeeper is wound back is a leap of faith.
The budget needs to spend big, but it shouldn’t stop there.
More than half back a permanent boost to JobSeeker. Only one in five want to bring forward tax cuts.
It’s encouraging that the federal government recognises its role in industry policy. But its choice to support some technologies is disappointing.
New analysis shows there is considerable scope to increase JobSeeker payments before they might hinder people’s motivation to find paid work.
The government has chosen a route not backed by evidence, and which will deliver a bad deal to taxpayers and the environment.
It’s the worst since the Great Depression and it isn’t clear there’s a path out.
Only 13 of the 44 economists surveyed want them to proceed as planned.
The Japanese government will retire its fleet of old, inefficient coal-fired generation by 2030. If Japan’s commitment to coal weakens, our exports can expect a big hit.
Pensions are indexed twice a year. But COVID-19 has put a spanner in the works of what should be a regular increase next month.
We give the biggest concessions to those least likely to need persuasion to save well.
Its central scenario is the worst recession in 70 years. Its worst case scenario has the effects lingering for a decade.
To understand what bonds are, it helps to see a picture.
The forecasts in the governments economic statement are “best case”. They assume no further outbreaks of coronavirus.
44 of the 50 leading economists surveyed by Economic Society and The Conversation back running up more debt to support the economy. Only three do not.
The new slimmed-down and tapered JobKeeper is an improvement, but it’ll interact with JobSeeker in odd ways.
It would be a mistake to think that just because higher earners face higher tax rates, that’s what they pay. When it comes to income from savings it’s the other way around.
Having a carbon price is linked to lower emissions growth. A larger price cuts emissions by more.
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
