This research confirms that corporate profits in Australia, despite recent moderation, remain well above historic norms, and must fall further in order to allow a rebuilding of real wages in Australia that have been badly damaged by recent inflation.

The Reserve Bank of Australia’s decisions on interest rate increases rely on the concept of balancing inflation and unemployment. The authors of this paper argue that the official unemployment rate is based on strict and outdated definitions, and significantly underestimates the actual number of Australians looking for work.

This paper suggests that some tweaking of the Petroleum Resource Rent Tax (PRRT) is required so it allows Australia to share in the windfall energy profits.

The distributional consequences of record high profits and record low real wage growth have been widely discussed in Australia recently, but the data presented in this paper suggests that rising profits are now the major driver of inflation.

The purpose of this paper is to revisit some earlier work that attempted to estimate the proportion of the mining industry that is foreign owned. This was made possible with access to the Bloomberg Professional Terminal database that gives corporate ownership by geographic region.