Category Archives: Macroeconomy

Qld economy continues to under-perform

Posted on September 29, 2018 by

The Queensland economy continues to under-perform relative to the NSW and Victorian economies. In my post earlier this month, I noted that the Queensland economy remains lukewarm. Economic conditions are much stronger in NSW and Victoria than in Queensland, as … Continue reading →

Posted in Labour market, Macroeconomy, Uncategorized | Tagged , , , , , , , , , | Leave a comment

Low wages growth & the drop in household saving – 612 ABC Brisbane panel discussion

Posted on September 8, 2018 by

Low wages growth and the drop in household saving recorded in the June quarter National Accounts were considered in a panel discussion I participated in on Emma Griffiths’s 612 ABC Brisbane Focus program yesterday morning, which you can listen to … Continue reading →

Posted in IR, Labour market, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , | Leave a comment

Has there been a “huge slump” in the Qld economy?

Posted on September 6, 2018 by

The Courier-Mail today is reporting a “huge slump” in the Queensland economy after yesterday’s ABS National Accounts figures revealed state final demand grew only 0.1 percent in the June quarter, the second lowest rate among states and territories. The paper … Continue reading →

Posted in Macroeconomy, Uncategorized | Tagged , , , , , | Leave a comment

RBA Deputy Governor Guy Debelle’s Low Inflation address to ESA Qld at the Brisbane Hilton

Posted on August 25, 2018 by

Last Wednesday, RBA Deputy Governor Guy Debelle addressed the ESA (Qld) business lunch at the Brisbane Hilton on the topic of low inflation.* The Deputy Governor took the audience through the different components of the consumer price index (CPI) and … Continue reading →

Posted in Housing, Macroeconomy, Uncategorized | Tagged , , , , , , , , , | 5 Comments

A question you could ask RBA Deputy Governor Guy Debelle at ESA Qld business lunch on 22 August

Posted on July 3, 2018 by

Ten years after the 2008 financial crisis, economists are still debating whether the policy response at the time was excessive or insufficient (e.g. the excellent recent Macro Musings podcast with Larry Ball on the Lehman collapse) and whether banking needs … Continue reading →

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , | 6 Comments

My comments in Morningstar article on Australia’s “27-year economic winning streak”

Posted on June 30, 2018 by

One frequently quoted economic fact I think is a bit dubious is that Australia has had a record breaking expansion of 27 years. Although Australia avoided a technical recession (by not having two successive quarters of declining real GDP) during … Continue reading →

Posted in Macroeconomy, Uncategorized | Tagged , , , , , | Leave a comment

Fair Share is overly pessimistic and interventionist, but still worth reading

Posted on March 18, 2018 by

Last Wednesday night I was fortunate to attend the Fair Share book launch at Brisbane’s historic Customs House. Unlike many book launches it was widely reported (e.g. this SMH article), as the book was launched by former Prime Minister Paul … Continue reading →

Posted in Labour market, Macroeconomy, Uncategorized | Tagged , , , , , , | 4 Comments