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Articles on Fiscal policy
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It’s not just the numbers that have changed in Jim Chalmers’ first budget. There is an emphasis on climate change and wellbeing, too.
The UK government has not made things easy for businesses recently.
The expected relationship between government and central bank policy has broken down in the UK.
The best way to manage the economy is though an array of tools. Interest rates are just one.
The 2022-23 budget is the result of a good plan, well executed. But whichever party next takes government must close the deficit gap – without resorting to austerity.
This is a budget for the instant – unashamedly an election bribe, and unconcerned when that involves pursuing some poor policy.
The budget forecasts and unemployment numbers show Josh Frydenberg’s COVID support spending has paid dividends.
Weeks out from a possible election, the federal government has delivered a voter-friendly budget filled with giveaways
National Treasury’s strategy to overcome South Africa’s chronic fiscal crisis rests on highly uncertain political and economic foundations.
In 1950, the top 0.01% of earners paid almost 70% of their income in taxes. By 2018, the super-rich paid proportionately less than the average for all other Americans.
Central banking was given to technocrats whose job is to make the difficult decisions. But there are parameters. And within these, central bankers must act independently, without fear or favour.
Megachurches and the men who lead them can be superrich. So why don’t the IRS and local authorities see a cent in taxes? A scholar explains.
Australia’s official unemployment rate falling to 5.5% is enough to make a treasurer dance. But we shouldn’t get too carried away.
Medium-term expenditure frameworks can be useful only when they are based on comprehensive medium-term development plans.
The government has done a good job so far, but it will have to direct future support to the Australians most likely to spend.
Easing off when the unemployment rate is 6% would leave us worse off than we’ve been in decades.
With their different but equally conservative income tax policies, both Labour and National ask voters to consider their own appetite for risk.
While those on the left, right and middle worry about the federal deficit, the real world that we live in is in trouble. The fiscal prudes are fretting about the wrong issues.
The Reserve Bank Australia has exhausted the limits of monetary policy, There’s no magic pudding, says governor Philip Lowe.
Top contributors
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Professor of Economics, UNSW Sydney
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Professorial Fellow, University of Canberra
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Professorial Research Fellow, Melbourne Institute, The University of Melbourne
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Professor, Griffith Business School, Griffith University
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Associate Professor, School of Economics, University of Sydney
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Program Director, Trade and Investment, United States Studies Centre, University of Sydney
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Lecturer, Public Sector Finance, University of Canberra
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Professor of Economics and National Senior Teaching Fellow, Griffith University
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Professor of Economics, City, University of London
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Professor of Economics, University of the Western Cape
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Economist, UNSW Sydney
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Industry Professor, University of Technology Sydney
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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John Hawkins is a Friend of The Conversation.
Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
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Adjunct Associate Professor, Torrens University Australia
