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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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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.
Many hoped the economic recovery from COVID would steer global development towards a greener footing. But CO₂ emissions from China, the world’s biggest emitter, are worse than before the pandemic.
Robodebt affected hundreds of thousands of people and undercut trust in our political and social welfare systems. Unless we act on today’s royal commission report, something like it will happen again.
Lifting Australia’s retirement age happened with little protest. But it hits some more than others: especially Indigenous men and women, and tens of thousands of older people pushed onto JobSeeker.
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.
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.
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.
Our concerning finding is “non-compete clauses” are even more widespread in Australia than in the United States. And it’s not only among CEOs: even childcarers and yoga instructors are affected.
Of all the things we can do to boost productivity, working harder is one of the least likely to make a difference.
The Reserve Bank governor has only three months left in the job and he isn’t yet sure inflation is on the way down.
Imagine taking money from others when times were bad, and not paying it back when times improved. That’s Western Australia’s approach to the other states.
Labor’s new centre will let it trial some new policies. But the government is not yet open to doing cost-benefit analysis on all major projects – like $240 million for a new AFL stadium.
The idea that cutting prices can stoke inflation is correct in theory, but rarely in practice.
Almost two-thirds of the top economists surveyed gave this budget an A or a B – up from the 40% who gave top marks to Jim Chalmers’ predecessor. But they were more critical when it came to inflation.
We can do better than a grand-sounding big-bucks fund.
Chalmers said getting things right this time required a “fine balance”. Future budgets are shaping up to require just as much.
The measure was sold as one that would boost single parents’ incomes. Newly-available data shows that on balance it cut them. Domestic violence might have played a part.
The treasurer’s handpicked advisory committee recommended he lift the base rate of JobSeeker for everyone. He is acting as if it didn’t.
During lockdowns renters ‘voted with removalists vans’, moving out of share houses and in with each other.
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
