Workplace absences, along with sales lost due to the cessation of brick-and-mortar retail shopping, airline travel and public gatherings, contributed the most.
An unfunded expansion of the social transfer system could lead to even worse economic outcomes — the medicine should not be worse than the disease.
Reducing greenhouse gases is expensive, but it’s a great investment compared to the damage we can expect to the Canadian economy if the climate warms 5 C by 2100.
Human behaviors shift. Policies change. New technology arrives and evolves. All those changes and more are hard to predict, and they affect tomorrow’s costs.
Forestry is a surprising winner in detailed projections prepared by Victoria University. Queensland has the most to lose from a move to net-zero.
As countries get ready to re-open their economies, will there be a post-pandemic recovery? History and current economic models suggest those looking for a quick rebound will be disappointed.
Australian National University modelling has a good record on predicting infections. Deaths will depend on the extent of the lockdown.
The same techniques used to model the SARS pandemic for the World Health Organisation produce results ranging from bad to catastrophic.
The conventional case for swapping stamp duty for land tax will boost the economy has weak underpinnings.
Billions of taxpayer dollars are committed before all the evidence for, and against, infrastructure projects is in. As well as missing business cases, basic rules of economic modelling are broken.
The May jobs report showed that US unemployment is at about a 50-year low. That’s not how it feels to many men who’ve never been to college.
There’s a surprising amount in common between ancient ways of thinking about the future and the techniques we use now.
A recent study was reported as saying a sugar tax would have us drinking more alcohol. But the study didn’t establish this fact. The results were mixed with no evidence one thing caused another.
Treasury modelling suggests that limiting negative gearing will lead to small change in prices. But behavioural economics shows it all depends on how the policy is framed.
As federal and state energy ministers gather to discuss the Turnbull government’s proposed National Energy Guarantee, many of the finer details of the modelling are not yet available.
Almost half of eligible households haven’t connected to the NBN. New modelling shows the NBN needs subsidies if we want more people to connect and the economy to benefit from it.
The Conservatives may be willing to sacrifice what’s left of the UK’s beleaguered social model to maintain the City’s global status.
Ridiculed and ignored in 2016, what can the ‘dismal science’ offer us now?
Economic models suggest that South Africa’s GDP would fall, inequality would deepen and unemployment would rise if university graduates don’t enter the labour market in 2017.
Economics struggles to explain the explosion of gift models at the heart of our online economy.