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Recent Posts
- $1k each power bill subsidy is an irresponsible & desperate vote-buying exercise
- Huge upward revision in state debt – what’s going on?
- Fossil fuels to figure in Qld’s future for decades to come
- How the Qld economy has changed in recent decades
- How the Palaszczuk Gov’t Failed to Abide By Its Own Fiscal Principles | What it Means for the Miles Gov’t
Top Posts & Pages
- Heat map of Brisbane metro property prices – big opportunities in the Western corridor?
- Is Townsville or Cairns the capital of North Qld?
- Defence should never have been on the Qld-NSW border in the first place
- $1k each power bill subsidy is an irresponsible & desperate vote-buying exercise
- Top twenty largest cities and towns in Queensland by population
- BCC should consider economic consequences of townhouse ban
- Trams unlikely to be cost-effective - buses generally much cheaper
- The problem with economic development agencies such as Townsville Enterprise & Brisbane Marketing
- YIMBY, self-fulfilling prophecies, Cairns tourism & Qld GSP growth: Comments & questions on my outlook presentations
- The Gender Pay Gap with Dr Leonora Risse - latest Economics Explained episode
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Monthly Archives: April 2020
Radical Uncertainty with Prof. John Kay CBE
Radical Uncertainty: Decision making for an unknowable future is a timely new book from eminent British economists Professor John Kay and former Bank of England Governor Lord Mervyn King. I recently interviewed Professor Kay about the book and our conversation … Continue reading
Bailouts in this time of coronavirus with Dr Dan Mitchell – podcast interview
Industry bailouts by governments have been subject to intense debate in this time of coronavirus, including in Australia where the airline Virgin Australia is in voluntary administration and seeking additional financial support from government. Last weekend, I discussed industry bailouts … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged airlines, australia, bailouts, bankruptcy, capitalism, coronavirus, covid-19, government, stockbuybacks, un, us, virginaustralia
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Catch up on COVID-19 with CCIQ Chief Economist Dr Marcus Smith – Qld budget impact
I caught up with CCIQ Chief Economist Dr Marcus Smith earlier today to chat about the latest economic news and the expected impact of the coronavirus shock on the Queensland state budget. You can listen our conversation here: Highlights of … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged abs, bonds, coronavirus, covid-19, debt, hospitality, internationaleducation, labourforce, qld, qldbudget, qldtreasury, qtc, queensland, socialdistancing, unemployment
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Paying for the coronavirus rescue measures – Economics Explained EP31 with Joe Branigan
I recorded another Economics Explained podcast episode on coronavirus with my good friend and former Treasury colleague Joe Branigan last night, this time exploring how governments will finance the rescue packages and make up for lost revenue. Here’s a link … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged aofm, bankofengland, bondmarket, bonds, coronavirus, covid-19, hmtreasury, inflation, mmt, modernmonetarytheory, qe, quantitativeeasing, treasury
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Certified Corona-Immunity as a Resource with Prof. Benno Torgler, QUT – Economics Explained ep.30
Yesterday I interviewed QUT’s Professor Benno Torgler for my latest Economics Explained episode about a new paper he has co-authored: Certified Corona-Immunity as a Resource and Strategy to Cope with Pandemic Costs. Professor Benno Torgler is Professor of Economics in the … Continue reading
Posted in Health, Macroeconomy, Uncategorized
Tagged coronaimmunity, coronavirus, costs, covid-19, depression, economy, government, isolation, publichealth, resources, riskassessment, suicide, tradeoffs, unemployment
1 Comment
612 ABC Brisbane follow-up interview on AOFM bond auctions/gov’t borrowing
As I told 612 ABC Brisbane Drive program host Steve Austin earlier this evening, the Australian Office of Financial Management (AOFM) had a good day today, running a successful $2 billion bond auction, selling $2 billion of bonds at a … Continue reading
Posted in Budget, Macroeconomy, Uncategorized
Tagged 612abcbrisbane, aofm, australia, bonds, borrowing, coronavirus, covid-19, debt, recession, socialdistancing, treasury
2 Comments
Catch up on COVID-19 with CCIQ Chief Economist Dr Marcus Smith
I spoke yesterday afternoon with CCIQ Chief Economist Dr Marcus Smith about the latest COVID-19 news: You can use these timestamps to find the highlights: 3:00 – Marcus’s recent commentary on coronavirus impact on Qld exports (e.g. COVID-19’s billion-dollar hit … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged awards, beef, cafes, coronavirus, covid-19, exports, gyms, jobkeeper, qhealth, qld, queensland, regulation, retail, seafood
1 Comment
Paradox of Thrift in recessions and depressions
The Australian’s economics editor Adam Creighton is today advocating for public sector wage cuts by Australian governments, a policy which may be morally virtuous but would be economically damaging in this time of economic contraction, in my view (see Coronavirus … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged coronavirus, fiscalpolicy, greatdepression, keynes, paradoxofthrift, publicsectorwages, theaustralian
6 Comments
The Fast Depression – 10 million newly jobless Americans in just two weeks
It is hard to overstate how rapidly economic conditions are deteriorating in economies affected by coronavirus, most particularly in the United States, which is seeing hitherto unbelievable numbers of people filing for unemployment benefits (see chart below). The 6.6 million … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged australia, consumerconfidence, coronavirus, covid-19, depression, recession, unemployment, us
2 Comments
Coronavirus policy responses with Joe Branigan – latest Economics Explained episode
Last night I recorded an Economics Explained podcast interview with my good friend and former Treasury colleague Joe Branigan of Tulipwood Economics on the economic impact of coronavirus and the economic cost of responding to it. Use these timestamps to … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged australia, coronavirus, costbenefitanalysis, covid-19, economy, italy, nz, us
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Queensland Economy Watch 