The COVID-19 pandemic caused Australia’s first recession in a generation. In Victoria, the second wave of COVID-19 infections and subsequent extended stay-at-home orders, and other public health restrictions needed to actively suppress the virus, has extended that economic downturn longer than other States and Territories.
This interim report outlines the current findings from the Senate inquiry into oil and gas exploration and production in the Beetaloo Basin, with particular reference to the Industry Research and Development (Beetaloo Cooperative Drilling Program) Instrument 2021, which provides public money for oil and gas...
Fact Check: Anthony Albanese says the Coalition 'gutted' the Australian National Audit Office's budget by 20 per cent over the past seven years. Is he correct?
Leader of the opposition, Anthony Albanese, has claimed the Government has cut the National Audit Office's resources by 20 per cent over the last seven years. The verdict: Mr Albanese's claim is overstated.
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.
This report quantifies the forgone local economic activity to New South Wales resulting from offshoring major projects, through an examination of six major procurements made by the NSW government.
This paper updates the analysis of the global macroeconomic consequences of the COVID-19 pandemic in an earlier paper, with data as of late October 2020. It also extends the focus to Asian economies, and explores four alternative policy interventions coordinated across all economies.
Economic history teaches us that sharply deteriorating macroeconomic conditions create a vacuum for alternative policy-oriented frameworks to emerge. This paper evaluates the macroeconomic worth of Modern Monetary Theory (MMT) and concludes that adhering to the policy prescriptions of MMT would lead to disastrous macroeconomic consequences...
This document is the main source of budget information. It sets out the New Zealand government's priorities for the budget, the approach taken to develop it, and a summary of all initiatives included in Budget 2021. It also contains reports on fiscal strategy and child...
This briefing paper reviews the main features of the Australian federal budget 2021/22 from the perspective of workers and labour markets. In particular, it considers in detail a major flaw in the overall macroeconomic logic underpinning the budget.