Public debt
Alternative labels
Sovereign debt
Working paper
What has been the impact of COVID-19 on debt? Turning a wave into a tsunami
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.
Report
Walking the path to the next global financial crisis
This report argues that failing to prepare now for the next financial crisis could destroy New Zealanders’ nest eggs and threaten their livelihoods.
Research Summary
Attitudes to COVID-19 budget repair
The research sought to understand what Australians think about government debt, which kinds of debt recovery measures are palatable, and what effective issue framing in budget repair would look like.
Policy report
The MMT hoax
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 far worse than those it seeks to remedy.
Report
Fiscal sustainability: long-term budget scenarios
This report examines the sustainability of Australia's fiscal position by calculating future paths for debt under various scenarios for GDP growth, interest rates and the budget balance.