Russia is on the verge of defaulting on its foreign debt, which not only could have severe economic consequences but could also complicate Putin’s ability to wage a prolonged war in Ukraine.
Instead of wage subsidy and business loan schemes, allowing households, workers and employers to borrow against future income could be more efficient and equitable in the long run.
Canada’s federal deficit has ballooned as Ottawa spends billions in response to the coronavirus pandemic. An economist explains why the massive spending will not harm Canadians in the future.
Ed Miliband is trying to wrestle back the political initiative in Manchester. The leader of the opposition must avoid becoming mired in deeply complex constitutional questions of devolution at his party’s…
There continues to be a great debate around Australia’s fiscal position. Yet, budget deficits are, in fact, a natural outcome of the business cycle. In a policy brief, co-authored by myself and colleagues…
Senior Research Fellow in Economics and Social Sciences, Auckland University of Technology, and Adjunct Associate Professor, Centre for Applied Energy Economics and Policy Research, Griffith University