This paper develops a framework to decompose the change in New Zealand’s public debt ratio into four component effects: the primary balance, real GDP growth, real interest rates, and exchange rates.

Shadow assistant treasurer Andrew Leigh claims that net debt has doubled under the Coalition Government and "hit a record high" of "some $350 billion".

Finance’s share of the Australian economy is higher than ever, leaving us vulnerable to a growing global liquidity bubble, writes Michael Gill.

We develop a theoretical and empirical framework to model the international connections between financial institutions and sovereign debt markets. The empirical framework nests both tests of contagion and changes in the structure of the network itself. The network is found to be robust but fragile.

Presents data using a variety of lenses – the state as taxer, spender, producer, employer, investor and steward – to assess how the size and shape of the state has changed since 1900.