In this paper, the authors estimate the effect of the Australian JobKeeper payment COVID-19 wage subsidy on payroll jobs and wages at the employer-level using novel administrative datasets.
This paper argues that while an increase in Commonwealth spending is not itself evidence of a problem, the fact that the Morrison Government has failed to deliver on its commitment to rely only on temporary increases in expenditure creates several economic and democratic problems.
After 12 months of collaboration that brought together thought leaders from industry, unions, governments, the community and educational institutions from across Victoria, the Victorian Chamber of Commerce and Industry (VCCI) has published this summit playbook.
This report focuses on the interrelated economic risks that households, businesses, financial institutions and governments worldwide are facing as a consequence of the COVID-19 crisis. The report offers new insights from research on the interconnectedness of balance sheets and the potential spillover effects across sectors.
This paper presents a comprehensive analysis of the impact of COVID-19 on debt, puts recent debt developments and prospects in historical context, and analyses new policy challenges associated with debt resolution.
This report presents the Australian Treasury's analysis on the first six months of the JobKeeper Payment (to 27 September 2020), reflecting on the design and initial impacts of JobKeeper as a key element of the federal government’s macroeconomic response to COVID-19.
The inequalities across the UK is starting to play out in our politics. People do not believe that their voices are being heard and feel disempowered. This report outlines policy options to aid in creating an economy that delivers both prosperity and justice for all...
The Coronavirus Job Retention Scheme: how successful has the furlough scheme been and what should happen next?
This report, based on the final official data before the furlough scheme is due to close, assesses the most radical economic policy the UK government enacted in response to coronavirus – and supports the government’s decision to bring it to a close later this month.
This report delivers the Productivity Commission’s estimates of assistance provided to businesses for the year to June 2020. The review is set against a background of unprecedented industry assistance to counter the economic impacts of the COVID-19 pandemic, although most of this assistance has been...
This paper argues that Australian Treasury do not believe that any of the Coalition Governments major economic policies announced in the last six years will deliver lasting benefits to the economy.
In this paper, the authors investigate the relationship between the level of democracy and fiscal-policy response to the economic crisis induced by the COVID-19 pandemic.
This report reviews the differing experiences of UK economic sectors during the COVID-19 crisis so far, the support offered by the government, and why the financial viability of many businesses still looks precarious.
Future directions: ways forward for the economies of Blacktown, Cumberland, Parramatta and The Hills – the Central City District of Sydney
The report examines the economic trajectory of the Central City District economies of Western Sydney in the boom years prior to the COVID-19 recession.
The guidance in this playbook is derived from a pilot initiative implemented in Indianapolis, Los Angeles and Philadelphia between fall 2019 and January 2021. The Local Initiatives Support Corporation (LISC), in collaboration with national and local funders, supported the implementation of community-rooted economic inclusion in...
This paper uses a threshold-augmented Global VAR model to quantify the macroeconomic effects of countries’ discretionary fiscal actions in response to the COVID-19 pandemic and its fallout.
This strategy report from the Business Council of Australia provides three clear steps to reopen the country and let people get on with their lives.
This white paper aims to understand how varying economies have changed their monetary and fiscal policies to respond to the pandemic-induced economic crisis.