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Mike Major

Discussion paper

Macrofinancial stress testing on Australian banks

This paper outlines how the Reserve Bank of Australia’s bank stress testing model works. It also shows how the model was useful in a real-world crisis, at the onset of the COVID-19 pandemic.
Discussion paper

What is driving participation and diversity trends in economics? A survey of high school students

There has been a stark decline in the size and diversity of the Year 12 Economics student population in Australia since the early 1990s. This paper addresses 3 key questions to uncover what is driving these trends at Australia's high schools.
Discussion paper

How risky is Australian household debt?

It is often observed that the level of household debt (relative to income) is high in Australia compared with other countries and its own history. Concerns about how this will influence the economy’s ability to navigate a major downturn have for many years been central...