The Global Economy
Australia may be an island continent, but it is no more immune to global economic influences than are other countries which share physical borders with their nearest neighbours. Australia is very much exposed to global swings in commodity prices, and to fluctuations in major advanced economies and (increasingly) to business cycles in key emerging economies such as China. Australia’s financial markets are increasingly integrated with the their global counterparts. And Australian economic policy-makers cannot ignore changes in monetary, fiscal and other economic policy settings in the world’s major economies. Hence, an awareness of trends in the global economy is an essential element of understanding Australian economic conditions.
Will the world’s mega economies create the mega decade?The Australian Economy, The Global Economy | 28th March 2022
Presentation to the Australian Investors’ Association 2022 National Conference on the Gold Coast, Queensland (spoiler alert: my answer is “no”).
Interview with Eureka Report’s Alan Kohler, 15th December 2021Housing, Recent Media Interview, The Australian Economy, The Global Economy | 15th December 2021
Saul talks to the Eureka Report’s Alan Kohler about this week’s US Federal Reserve and other leading central bank meetings, inflation and house prices AK: Now, here’s Saul Eslake, independent economist and his business is called Corinna Economic Advisory. Saul, there’s a lot of central bank meetings this week, starting with the Federal Reserve, but […]
Excerpt: Modern Monetary TheoryEconomic Policies, Economics and Economists, QE & MMT, The Global Economy | 25th August 2021
Login or subscribe to view the full video and presentation slides Login Subcribe 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 […]
Video & Presentation Slides: Modern Monetary TheoryEconomic Policies, Economics and Economists, The Global Economy | 25th August 2021
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.
Video & Presentation Slides: What is ‘QE’, and how does it work?Economic Policies, Economics and Economists, QE & MMT, The Global Economy | 29th July 2021
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.
Where does the ‘excess US stimulus’ show up – in higher inflation or a bigger current account deficitEconomic Policies, The Global Economy | 3rd June 2021
A note co-authored with John Llewellyn of Llewellyn Consulting which asks where the ‘excess demand’ resulting from the extraordinary amount of policy stimulus now being applied to the US economy will show up – in inflation (which is where the financial markets and most pundits appear to be looking) or in the US balance of...