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
11th September 2021


CORONAVIRUS IMPACT CHART PACK 2021-09-11

"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).

SEP

29th

Webinar: Fiscal Policy and Public Debt

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: $49.99 ~ Includes access to Saul's presentation slides and video

If you’ve taken out a Premium Access subscription, you don’t need to do anything more: you’re guaranteed access and you will receive your webinar access link 48 hours prior to the event. If you’ve taken a basic subscription, or don’t have one at all, you’ll need to register to attend, which you can do here or, you could take out a Premium Access subscription, which you can do here.

Register NOW


Request Speaking Engagement

WHAT'S NEW

Most Recent Articles, Talks and Presentations


Coronavirus Impact Chart Pack 2021-09-11

Chart Pack | 11th September 2021

Webinar: Fiscal Policy and Public Debt
Economic Policies, Events | 25th August 2021

Old wine in new bottles: more ‘rent-seeking’ from South Australian manufacturing interests
Economic Policies, Publications, The Australian Economy | 17th September 2021

The ‘corrupt bargain’ underpinning WA’s budget surpluses
Australian Society and Politics, Economic Policies, Taxation | 16th September 2021

Housing Grants: more harm than good
Australian Society and Politics, Economic Policies, Housing, News, Recent Media Interview, The Australian Economy | 15th September 2021

Housing affordability crisis with Brooke Corte
Australian Society and Politics, Economic Policies, Housing, News, Recent Media Interview, The Australian Economy | 14th September 2021

This is a recession – we’re just not calling it one
Economic Policies, Publications, The Australian Economy | 9th September 2021

Papua New Guinea in the Post-Covid World Economy
Asian Economies, The Global Economy | 7th September 2021

Spoiler alert: we’re in a recession, even if it’s not ‘official’
Publications, The Australian Economy | 31st August 2021

Submission to the House of Representatives Standing Committee on Tax and Revenue inquiry into Housing Affordability and Supply in Australia
Australian Society and Politics, Economic Policies, Housing | 31st August 2021

Tasmania’s 2021-22 State Budget
Economic Policies, Tasmania | 26th August 2021

Excerpt: Modern Monetary Theory
Economic Policies, Economics and Economists, QE & MMT, The Global Economy | 25th August 2021

Video & Presentation Slides: Modern Monetary Theory
Economic Policies, Economics and Economists, The Global Economy | 25th August 2021

Rebuilding the performing arts: an economist weighs in
Publications, The Arts | 21st August 2021

Is Australia having a Second Recession?
Australian Society and Politics, News, Publications, The Australian Economy | 16th August 2021

Reflections on the 2021 Intergenerational Report
Economic Policies, Taxation, The Australian Economy | 15th August 2021

The Economics of International Mobility
Australian Society and Politics, The Arts, The Australian Economy | 12th August 2021

The effective rate of unemployment
Labour Market, The Australian Economy | 11th August 2021

Are skyrocketing house prices a wellness issue?
Australian Society and Politics, Economic Policies, Housing, News, Recent Media Interview | 7th August 2021

Negative Gearing and Capital Gains Tax (again)
Australian Society and Politics, Housing, News, Taxation | 4th August 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