The Conversation’s 2020 economic survey points to a dismal year, with no progress on many of the key measures that matter for Australians and an increase in the unemployment rate.
Academic rigor, journalistic flair
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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Estimates of the cost of Victoria’s 2009 Black Saturday fires provide a staring point for calculating the much bigger cost of these ones.
Australia has an outsized ability to influence others.
The introduction of the GST got off to a wobbly start, but has since become accepted as the Australian way of paying for things.
Having a public playground in your neighbourhood can add value to your property.
The treasurer has pulled out all stops to continue to forecast budget surpluses, but they are low, and don’t take account of several likely costs.
The Nationals have stoked opposition to the Murray Darling Basin Plan at every opportunity. Now they cannot contain the fury of rural voters.
Spending growth has fallen to financial crisis lows. Per person, economic growth and spending has gone backwards. Josh Frydenberg isn’t ruling out action in the pre-Christmas budget update.
The graph says Americans on the highest incomes now face lower tax rates than Americans on low incomes. It’s a consequence of an unusual definition of income.
Every one of the 13 economists surveyed by The Conversation thinks more stimulus is needed. None think it should all come from the Reserve Bank. Most think the budget surplus can wait.
Treasury Secretary Steven Kennedy says its up to the Reserve Bank to boost the economy. In normal times, that’s not his job.
If needed, Governor Lowe will cut rates to near zero, and then effectivly cut them further.
One of the questions is how much we need in retirement. Another is whether we need 12% compulsory super to get there.
Middle earners are set to pay 18.8% of their income in tax instead of 14.9% under the projections that show 10 years of surplus budgets.
Newstart increases are projected to get smaller and smaller relative to pension increases. By the end of the century Newstart will be just two fifths of the pension.
The UN has asked world leaders to bring concrete climate action plans to this week’s summit - and Australia is likely to cop heavy criticism.
Households are buying no more than they were a year ago, and the wage share of national income is the lowest since 1964.
Australia is becoming more like the United States. Increasingly, we invest overseas. Our domestic economy is weak.
We’ve tested the claim that overworkers have no choice, and found it wanting.
How can Australia’s new Inspector General be expected to inspect waterways without a firm grasp of how much water in in them?
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
