Tag Archives: fiscalpolicy

Podcast chat with Nicholas Gruen on freeing fiscal policy from political tinkering

The latest episode of my Economics Explored podcast features a conversation I had earlier this week with Nicholas Gruen of Lateral Economics regarding his recent Financial Times opinion piece on the need for an independent fiscal policy advisory body. In … Continue reading

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Fiscal Stimulus with Fabrizio Carmignani – my latest Economics Explored podcast episode

Fiscal stimulus is very topical worldwide, with the new US President Joe Biden proposing a US$1.9 trillion COVID relief and stimulus package. And, in Australia, there is a debate occurring over how to support the tourism sector once JobKeeper finishes … Continue reading

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Michael Knox on Quantitative Easing as a long-term strategy

Australia’s money supply has surged over the year as the RBA has undertaken Quantitative Easing (QE), electronically printing new money to buy Australian and state government bonds and to lend to the banks (see the chart of M3, a measure … Continue reading

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Frydenberg’s won’t-die-wondering Budget

Treasurer Josh Frydenberg delivered a strong speech tonight in handing down what I’d label as his won’t-die-wondering budget, or possibly as the Nixon-goes-to-China budget, a federal budget with an expected current financial year deficit of $214 billion and projected total … Continue reading

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State gov’t economic responses to COVID-19 podcast episode

In my latest podcast episode, I elaborate on my opening remarks to the Queensland Parliamentary Inquiry on the state government’s economic response to COVID-19 on Monday. Among other things, I mention Joe Branigan and Henry Ergas’s new Menzies Research Centre … Continue reading

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Opening remarks to Qld Parliamentary Inquiry on economic response to COVID-19

Yesterday I was part of a panel of economic experts consulted by the Queensland Parliamentary Inquiry into the state government’s economic response to COVID-19. The notes I used for my opening remarks are reproduced below. The proceedings were broadcast via … Continue reading

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Upcoming Qld Parliamentary COVID-19 Inquiry appearance

Next Monday I’ll be appearing, via Zoom, at a public hearing of the Queensland Parliament’s Inquiry into the Queensland Government’s economic response to COVID-19. I’m a member of a Panel of Economic Experts which also includes UQ Professor John Quiggin, … Continue reading

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A Fiscal Vaccine for COVID-19 with Tony Makin – new podcast episode

In my latest podcast episode, I speak with Professor Tony Makin of Griffith University about his new CIS Policy Paper A Fiscal Vaccine for COVID-19. In Tony’s words: “the paper considers the resurgence of crude Keynesianism before highlighting risks of … Continue reading

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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

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Government Budget Analysis Training Day on 22 November at the Johnson, Spring Hill, Brisbane

I’m excited to announce my old friend and colleague Joe Branigan and I will be holding a training day on government budget analysis on Friday 22 November at the Johnson Hotel, Spring Hill, Brisbane. Tickets are available via Eventbrite: Government … Continue reading

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