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.
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...
Victorians have become poorer than residents all other states and territories except oneEconomic Policies, News, The Australian Economy | 2nd June 2021
Saul talks to Melbourne radion 3AW‘s Ross Stevenson and Russel Howcroft about how Victoria has gone from being one of Australia’s richest states to one of its poorest, by some measures, over the past 20 years.
Victoria’s economic performance over the past decadeEconomic Policies, News, Publications, The Australian Economy | 31st May 2021
The Australian Financial Review’s newly-appointed Economics Editor John Kehoe had a front-page piece about the performance of Victoria’s economy, based in part on interviews with me, on 31st May 2021. Here is a set of charts illustrating the points I was making.
Protracted border closures are a new form of ‘protectionism’Economic Policies, Publications, The Australian Economy | 30th May 2021
Op-ed article published in The Australian Financial Review of 31st May (and available online online here) making the case that although the continued closure of Australia’s international borders is providing unheralded benefits to Australia’s economy (boosting spending and accelerating the decline in unemployment), much like the old forms of ‘protectionism’ in which we indulged for […]
Australia’s border closure is ‘increasingly looking like a form of protectionism’Economic Policies, News | 21st May 2021
Saul talks to Sky News’ Laura Jayes about the increases in payroll tax on large businesses contained in this week’s Victorian Budget, and about the economic effect of prolonged border closures.
Don’t believe what lightweights tell you about Josh Frydenberg’s spending spreeEconomic Policies, News, Publications | 19th May 2021
Sydney Morning Herald Economics Editor Ross Gittins’ write-up of my analysis of the 2021-22 Budget
Victoria doing ‘a lot of damage to its image’ of being desirable place to liveEconomic Policies, News, Taxation | 18th May 2021
Saul talks to Sky News Australia‘s Laura Jayes about Victorian Government property tax proposals