Economic Policies
The Nobel Prize winning economist James Tobin once said that the study of economics “offered the hope, as it still does, that improved understanding could better the lot of mankind”. One of the ways in which it does this is through the implementation of economic policy that helps to ameliorate boom-and-bust cycles, reduces unemployment, contains inflation or lifts people’s living standards in sustainable ways.
Alternatives to interest rates
Economic Policies, Recent Media Interview, The Australian Economy | 29th January 2024Saul Eslake: Some weeks ago, the Australian Broadcasting Corporation (ABC)’s Fiona Blackwood asked me to respond to a series of questions from listeners and viewers about possible alternatives to raising interestr ates as a way of tackling inflation. These were all very good questions, which deserved serious and thoughtful answers – which is what I hope I have provided here …
‘Stage 3’ tax cuts
Economic Policies, Recent Media Interview, The Australian Economy | 25th January 2024Saul Eslake talks to ABC Radio Central Victoria’s Fiona Parker about the Government’s changes to the ‘Stage 3’ tax cuts originally legislated by the former Morrison Government, and what they might mean for different groups of taxpayers, and for inflation and interest rates.
The proposed changes to the “stage 3 tax cuts”
Economic Policies, Recent Media Interview, The Australian Economy | 24th January 2024Saul Eslake talks to the Seven Network’s “Sunrise” hosts Natalie Barr and Matt Shervington on 24 Jan 2024 about the Government’s proposed changes to the “stage 3 tax cuts” originally legislated by the Morrison Government back in 2019, and which the current government had previously promised to “deliver in full”.
Stage 3 Tax Cuts 2024
Economic Policies, Recent Media Interview, The Australian Economy | 15th January 2024Saul Eslake talks to 4BC’s Bill McDonald about the ‘stage 3’ tax cuts – originally legislated by the former Morrison Government, but which the Albanese Government has pledged to deliver in full come 1st July – and the impact they might have on the Reserve Bank’s thinking about interest rates.
The RBA is following a slightly different path from its peers
Economic Policies, The Australian Economy | 11th January 2024The Reserve Bank of Australia has come in for criticism for some quarters for its most recent rate hike (on 7th November). Although most RBA-watchers, me included, think that there won’t be any more rate hikes next year, the Minutes of the 5th December RBA Board meeting show that another hike was a live option […]
The Mid-Year Economic and Fiscal Outlook (MYEFO)
Economic Policies, News, The Australian Economy | 13th December 2023Interview with Melbourne Radio station 3AW’s Heidi Murphy about the Mid-Year Economic and Fiscal Outlook (MYEFO) presented by Treasurer Jim Chalmers on Wednesday 13th December Economist provides rundown on the budget update and the ‘surprising’ passport increase (3aw.com.au)
September quarter national accounts and their implications for the Reserve Bank of Australia’s monetary policy
Economic Policies, Economic Video, News, Recent Media Interview, The Australian Economy | 6th December 2023Saul spoke with Ausbiz ‘s Danielle Ecuyer about today’s September quarter national accounts and their implications for the Reserve Bank of Australia’s monetary policy settings
Danielle Wood, the Productivity Commission and the horizontal fiscal equalization (HFE)
Economic Policies, Taxation, The Australian Economy | 13th November 2023The changes to the way in which revenues from the GST are carved up among the states and territories imposed by the Morrison Government in 2019 (with the support of the then Labor Opposition) represent, IMHO, one of the worst pieces of public policy-making in Australia in at least 25 years. Among many other flaws, […]
