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Leading progressive figures in the United States are proposing radical new ideas aimed at substantially reshaping the US economy and combatting rising inequality. Big-ticket expenditures and large tax hikes are all part of the mix as potential presidential candidates vie for public attention.
This report, which is the output of an academic workshop hosted in January 2019, is organized around five areas where neoliberalism provides incomplete or unsatisfactory policy guidance: growth strategies and industrial policy, inequality, finance and monetary policy, the environment, and power and politics.
The aim of this briefing is to provide some context for the 2019-20 Budget based on the latest economic and fiscal forecasts released at the 2018-19 MYEFO in December 2018. The figures are current at the time of publication but the government’s economic and fiscal...
As well as updating the economic and fiscal outlook, the MYEFO updates the budgetary position. In particular, the MYEFO takes account of all decisions made since the release of the budget which affect expenses and revenue and hence revises the budget aggregates. An appendix to...
This resource argues that there is evidence of growing complacency and reform fatigue, including backsliding on fiscal policy in Australia.
Neoclassical economics is an imposing theoretical edifice. But at another level it provides detailed operational guidance for public policy. At this operational level it is a technocratic tool that gives the appearance of scientific precision and evidence-based policy to underpin the day-to-day work that public...
For over a quarter of a century Australia has escaped recession. It is a remarkable achievement, close to a global record. Yet despite continuous growth, Australia scrambles to make ends meet. This is the eighth year of a national budget deficit.
So with a...