The unprecedented government response to the global pandemic has pushed public debt in many countries to historic highs, relative to output. This paper assesses the arguments for and against fiscal expansion and rapidly rising public debt as a means to invest in comprehensive wealth.
This paper is about the social policy response to the coronavirus recession in Australia, during the period from the beginning of March to the end of October 2020.
This paper outlines a comparison of the impact on employment of child care expenditure and income tax cuts of an equivalent net cost to the budget. The paper argues that the clear superiority of childcare expenditure in stimulating economic activity reflects the concentration of the...
Housing plays many roles in our economy and society, including as a consumable good, investment asset and infrastructure. This paper offers a brief overview of the economic case for housing and changes to the housing market context since the first wave of the pandemic. Against...
This report analyses the economic effects of COVID-19 on Tasmania, and suggests how Tasmania can rebuild its way out of the COVID-19 crisis. It also makes some key recommendations to help Tasmania avoid the mistakes made at the federal level.
This paper makes the case for a "family stimulus" – a much-needed boost to the income of hard-hit families through the social security system and targeted investment in childcare to ensure the continued functioning of the sector. This will put cash directly into the hands...
The current crisis is an opportunity to reduce inequalities and inefficiencies in the economy, and to prepare us for the next phase of economic development. In this discussion paper, the authors look at some mechanisms for improving the equity and efficiency of stimulus spending.
With the construction industry long being held up as an ideal mechanism for delivering economic stimulus in periods of economic recession and stagnation, this research assesses how the housing industry can help rebuild the Australian economy, both during and after the COVID-19 pandemic.
Australia spends relatively little on the provision of care as a percentage of Gross Domestic Product, when compared to other developed nations with robust systems of care. Drawing on recent research from the UK, this paper argues that a stimulus investment in the care economy...
Australia's industries face unprecedented challenges due to the COVID-19 pandemic, and the actions we now take to harness science and technology investment can help set the path towards a brighter future for Australia. Building upon CSIRO's industry roadmaps and the Australian National Outlook 2019, CSIRO...