Tag Archives: government

Role of Treasury in economic policy conversation with Paul Tilley – latest Economics Explored episode

When I spoke with Scott Emerson on his 4BC Drive program last Thursday, I mentioned the federal Treasury would be currently working on options to extend JobKeeper in some form to tourism-dependent businesses. The Treasury has been prominent in developing … Continue reading

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‘Hollywood Australia’ supported by generous tax credits and other government subsidies

The Australian is reporting ‘Hollywood Australia’ a $1.5bn movie blockbuster extravaganza, covering the surge in international film productions such as Thor: Love and Thunder filming in Australia. This is partly related to Australia’s success in managing COVID and also to … Continue reading

Posted in Industry policy, Tax | Tagged , , , , , , , , , , , , , | 2 Comments

Aussies over-confident after being over-compensated by Gov’t for COVID-recession

Today we learned that, as Reuters reports, Australia consumer sentiment hits 10-year high (see chart above). This is despite Chinese trade restrictions and the looming insolvency tsunami in the new year and the fiscal cliff in April 2021. Sure, given … Continue reading

Posted in Macroeconomy | Tagged , , , , , | 2 Comments

Megaprojects chat with Marion Terrill from Grattan

The Queensland Government’s troubled Cross River Rail project is a good example of a multi-billion-dollar Megaproject at risk of cost blowouts and falling short of projected benefits, as I posted on last week (Cross River Rail scrutinised by Grattan and … Continue reading

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Tech Giants vs legacy media and governments – latest podcast episode

One of the biggest pieces of international news this week was the announcement that the US Department of Justice is suing Google over its alleged monopoly in search (see US justice department sues Google over accusation of illegal monopoly). The … Continue reading

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Why the world needs economists – latest podcast episode

In my latest podcast episode, I explore what economists do and why the world needs them. I talk about the important roles that economists play in advising on government budget and economic policies and on the feasibility of specific projects, … Continue reading

Posted in Budget, Competition policy, Macroeconomy | Tagged , , , , , , , , , , , , , , , | 1 Comment

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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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

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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 , , , , , , , , , , , , , | 1 Comment

COVID-19 response with Nicholas Gruen – latest Economics Explained episode

Despite all the draconian measures already imposed by Australian governments, ABC health expert Dr Norman Swan thinks we still need to do more. Just after I woke up this morning, I heard him on ABC Breakfast suggesting an even wider … Continue reading

Posted in Labour market, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , | 3 Comments