SAUL ESLAKE

Economist

SAUL ESLAKE

‘Welcome to my website …
I’m an independent economist, speaker, company director
and Vice-Chancellor’s Fellow at the University of Tasmania’

About Me


Saul Eslake is one of Australia’s best-known economists. He’s been following, analyzing and offering commentary and advice on the Australian and other economies for more than 40 years.

Since 2015 Saul has been running his own independent economics advisory and consultancy service, Corinna Economic Advisory, from Hobart, Tasmania. He prepares a weekly Chart Pack covering developments in the global economy and financial markets, and in the Australian, New Zealand, Chinese and other Asian, US and European economies. The weekly Chart Pack also covers central bank and fiscal policy actions, and provides clients with a range of other analysis and commentary.

He does keynote addresses at public and private conferences; participates in panel discussions; presents to boards, investment and asset allocation committees; undertakes customized analyses and reports for corporate, investor, not-for-profit and government clients; has given testimony to Parliamentary Committees; and appears frequently on radio and TV and in the print media in Australia and other countries.

His clients and subscribers include Australian and overseas institutional and private equity investors; large and small corporates; government agencies; industry and professional organizations; ‘think tanks’; social and environmental organizations; housing associations; and (occasionally) even political parties.

Saul’s economic analysis and economic reports have covered broad macro-economic themes including economic and employment growth, inflation, international trade, commodity prices, bond and currency markets, labour markets, productivity, climate change, household and corporate debt, public finance, fiscal and monetary policy, inter-government financial relations, taxation, climate change, and regulatory issues. He has also undertaken and published research on specific industries or themes including housing, tourism, agriculture, energy, infrastructure investment, metals and minerals, poverty alleviation, income distribution and inequality, taxation reform, shipping and transport, the future of work, and regional development.

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In 2021 Corinna Economic Advisory joined with a similar London-based economics consultancy, Llewellyn Consulting, to form Independent Economics, to offer similar services to clients around the world.

Saul has been the Australian representative on the International Conference of Commercial Bank Economists (ICCBE) since 2003, and chaired its Steering Committee between 2018 and 2021.

He is also a Vice-Chancellor’s Fellow at the University of Tasmania; a member of the Australian Parliamentary Budget Office’s panel of expert advisors, and a member of Australian Taxation Office’s ‘Tax Gap’ expert advisory panel; and a non-executive director of the Macquarie Point Development Corporation, which is managing the re-development of a 14-ha parcel of land adjoining Hobart’s iconic waterfront.

Saul began his career as an economist working for the Australian Treasury, in its Fiscal and Monetary Policy sections, in Canberra, which provided him with a very solid grounding in how macro-economic policies are formulated and implemented. He then worked for the Advisory Council for Inter-Government Relations (specializing in federal-state financial relations and in housing policy) and for the Opposition (Minority) Leader in the Parliament of the State of Victoria, before landing his first position in Australia’s financial markets. Saul then worked in the markets for 25 years, including as Chief Economist at McIntosh Securities (when it was one of Australia’s leading stockbroking firms) in the second half of the 1980s; Chief Economist (International) for the investment management division of National Mutual Life Association (then Australia’s second largest life insurance company) in the first half of the 1990s; Chief Economist at the Australia & New Zealand Banking Group (one of Australia’s four large commercial banks) between 1995 and 2009; and Chief Economist (Australia and New Zealand) for Bank of America Merrill Lynch (one of the world’s largest investment banks) between 2011 and 2015.

He has also previously been a member of the Australian Government’s Foreign Affairs and Trade Policy Advisory Councils; its Tourism Forecasting Committee and Long-Term Tourism Strategy Steering Committee; and its National Housing Supply Council. He’s also previously been Chair of the Tasmanian Arts Advisory Board, which advised on the distribution of grants to arts companies and individual artists. He’s also been a non-executive director of the Gas & Fuel Corporation of Victoria; the Australian Housing and Urban Research Institute; Hydro Tasmania; and Housing Choices Australia.

Saul has a first class honours degree in Economics from the University of Tasmania; and a Post Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia (now known as FinSIA). He has completed the Senior Executive Program at the Columbia University Graduate School of Business; and (with Merit) the Company Directors’ Course of the Australian Institute of Company Directors. He also holds a Doctor of Laws (Honoris Causa) degree from the University of Tasmania.

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WEEKLY CHART PACK


Each weekend since mid-April 2020 I’ve been preparing, updating and distributing a weekly Coronavirus Impact Chart Pack to people in Australia and overseas. Running to over 100 pages it includes:

  • charts tracking the spread of Covid-19, globally and in Australia, and government responses to it;
  • the impact on the global economy and major individual economies such as China, Japan, other Asian economies, the US and Europe;
  • financial and commodities markets;
  • multiple aspects of the Australian economy, including state-level comparisons, and the policy responses of the Australian and state or territory governments, and the Reserve Bank of Australia; and
  • similar, though smaller coverage of the New Zealand economy.

The Coronavirus Impact Chart Pack will be updated every Saturday afternoon, Australian time, for as long as it remains topical. It will be accessible to subscribers of the Premium Access package.

If and when Covid-19 ceases to be front and centre of attention (as it is now) – whenever that might be – I will continue to prepare a Weekly Chart Pack, but with a focus on whatever replaces the virus as the issue du jour.

ECONOMIC IMPACT OF THE CORONAVIRUS PANDEMIC
24th July 2021


CORONAVIRUS IMPACT CHART PACK 2021-07-24

"I see a lot of chart packs in my line of work, but yours is about the best I have seen. It is amazingly comprehensive, covering far more of the world than any individual is entitled to cover, the charts are clear and easy to understand and they drill down into each topic in a very satisfying way. So well done, Saul."

Alan Kohler, ABC finance presenter, founder of Eureka Report


"A timely and comprehensive summary from one of Australia's best economists."

Adam Creighton, Economics Editor for The Australian


“I continue to find you thinking invaluable - this year to my ritual weekend reading of the economist I have happily added ‘Saul’s latest’.”

Rufus Black, former Managing Partner of McKinsey’s, and currently Vice-Chancellor of the University of Tasmania


“Your chart pack is amazing - and thanks for offering to add me to the mailing list, that would be great to be included. Everything you could want to know is there - and the way the data are organised and presented to tell the stories makes it so easy to follow.”

Prof Jeff Borland, Truby Williams Professor of Economics, The University of Melbourne, Website


“An excellent summary. Although I take a great interest in what’s happening with COVID-19 day by day In Australia and Internationally, I always find your weekly summary a very interesting review of the past week.”

retired former Chief Executive Officer of a District Hospital Service in New South Wales


WEEKLY CHART PACK

EVENTS

Saul Eslake online presentation


“You are the best economic thinker in the country hands down”

Sheryle Bagwell, recently retired Senior Business Correspondent (and sometime Executive Producer),
ABC Radio National Breakfast


"I see a lot of chart packs in my line of work, but yours is about the best I have seen. It is amazingly comprehensive, covering far more of the world than any individual is entitled to cover, the charts are clear and easy to understand and they drill down into each topic in a very satisfying way.
So well done, Saul."

Alan Kohler, ABC finance presenter, founder of Eureka Report


“I continue to find you thinking invaluable - this year to my ritual weekend reading of the economist I have happily added ‘Saul’s latest’.”

Rufus Black, former Managing Partner of McKinsey’s, and currently Vice-Chancellor of the University of Tasmania


“Your chart pack is amazing - and thanks for offering to add me to the mailing list, that would be great to be included. Everything you could want to know is there - and the way the data are organised and presented to tell the stories makes it so easy to follow.”

Prof Jeff Borland, Truby Williams Professor of Economics, The University of Melbourne, Website


“An excellent summary. Although I take a great interest in what’s happening with COVID-19 day by day In Australia and Internationally, I always find your weekly summary a very interesting review of the past week.”

retired former Chief Executive Officer of a District Hospital Service in New South Wales


“Just want to congratulate you Saul on the unbelievably good set of slides you just presented, possibly the best I have ever seen. You have set the bar very high.”

Dr Joe Flood, Adjunct Fellow, RMIT University, Pandemicia


“Thank you very much for your excellent presentation for the Economic Society today. It is always a great pleasure to hear your eloquent, up-to-date and comprehensive talks.”

Andrew Trembath, economist, Victorian and Australian Government agencies


online events @ saul-eslake.com


Quantitative Easing & Modern Monetary Policy

Some commentators seem to think that ‘QE’ is simply a variant of, or a step along the road to, something called ‘Modern Monetary Theory’ or ‘MMT’.  It isn’t: and so in the second part of this series Saul explains what MMT is (and isn’t).

JULY

29th

What is ‘QE’, and how does it work?

5:00 PM Australian Eastern Standard Time
3:00 PM Hong Kong | 2:00 PM Jakarta | 9:00 AM Central European | 8:00 AM London
Cost: FREE ~ Includes access to Saul's presentation slides and video

In this webinar Saul will explain exactly what ‘QE’ is, how its done, why central banks are doing it, what its intended and unintended effects are, and how long central banks might keep doing it for.

Register NOW

AUG

TBC

Modern Monetary Theory

5:00 PM Australian Eastern Standard Time
3:00 PM Hong Kong | 2:00 PM Jakarta | 9:00 AM Central European | 8:00 AM London
Cost: $50.00 AUD ~ Includes access to Saul's presentation slides and video

In this webinar Saul will explain what MMT is (and what it isn’t), what the historical record shows about how it might work in practice, and what some of the results might be if it were implemented in current circumstances.

Register NOW


Request Speaking Engagement

WHAT'S NEW

Most Recent Articles, Talks and Presentations


Corona Virus Impact Chart Pack 2021-07-24

Chart Pack | 24th July 2021

Pop goes the rental
Topics | 26th July 2021

How is the immigration pause affecting Australia’s economy?
Australian Society and Politics, Covid-19 Video, Economic Policies, The Australian Economy | 22nd July 2021

The Future of Super
Economic Policies, The Australian Economy | 16th July 2021

The Post-Pandemic Economy
The Australian Economy | 13th July 2021

Peripheral Asia
Asian Economies | 7th July 2021

Video & Presentation Slides: Australia’s ‘new protectionism’
Australia's New Protectionism, Australian Society and Politics, Economic Policies, The Australian Economy | 25th June 2021

Saul talks to Alan Kohler about ‘Australia’s New Protectionism’
Australian Society and Politics, Covid-19 Video, News | 23rd June 2021

Stanley
Tasmania | 21st June 2021

The cost of appeasing Western Australia
Australian Society and Politics, Economic Policies, Tasmania | 20th June 2021

Australia’s race against the virus
Australian Society and Politics, Covid-19 Video, News | 18th June 2021

Hiding behind the ‘health advice’
Australian Society and Politics, Publications | 14th June 2021

Tasmania’s fiscal position
Tasmania | 14th June 2021

Failure, Success, Risk and Luck: Some Personal Reflections
Australian Society and Politics | 10th June 2021

How Victoria became one of Australia’s ‘poorer’ states over the past 10 years
Publications, The Australian Economy | 4th June 2021

Where does the ‘excess US stimulus’ show up – in higher inflation or a bigger current account deficit
Economic Policies, The Global Economy | 3rd June 2021

Victorians have become poorer than residents all other states and territories except one
Economic Policies, News, The Australian Economy | 2nd June 2021

Will the property market stay this ‘hot’?
Economic Policies, News, The Australian Economy | 2nd June 2021

Victoria’s economic performance over the past decade
Economic Policies, News, Publications, The Australian Economy | 31st May 2021

VIDEO

Recent Presentations


The Impact of Covid-19 series

These videos are available to audience of Saul’s presentations as soon as they are uploaded and will be available to public one month after the presentation date.

See more


TESTIMONIALS

What Others Say


“You are one of the best at what you do in the world”
Gail Fosler, Chief Economist, The Conference Board, New York, December 2002

“I have never known an economist to have such a knowledge of world economic facts and to be able to bring to bear so much information in answering a question without notice”
Charles Goode, Chairman, ANZ Bank, July 2009

“Saul Eslake is … a highly regarded independent economist with the highest degree of integrity"
John Durie, Columnist, The Australian, July 2009

“… one of the few people in this world who can have so many oranges up in the air at the same time but still manage to catch them"
Andrew Clark, journalist, Australian Financial Review, November 2008

Read more

LINKS

Useful Links