22 Apr 2018

This policy paper proposes a new framework for UK macroeconomic policy.


24 Jan 2018

What lessons can be drawn from institutional change in private rental sectors (PRSs) internationally which could enhance the equity, efficiency and effectiveness of the sector in Australia, particularly to improve outcomes for low-income tenants?


AHURI Final Report 282
8 Jun 2017

This research investigated the relationship between increasing housing prices (or housing wealth) and the increased consumption expenditure of households from before the GFC and afterwards.


7 Jan 2016

On October 4, 2015, 12 Pacific Rim countries concluded negotiations on the Trans-Pacific Partnership. If ratified by all, the agreement could raise GDP in member countries by an average of 1.1 percent by 2030. It could also increase member countries’ trade by 11 percent by...


4 Jun 2010

This address discusses the problems with macroeconomic forecasts, using the recent global financial crises as an example. I have a long-standing interest in this topic, having been involved in macroeconomic forecasting for quite some time. But the topic is of particular interest at the moment,...


22 Apr 2010

This article looks at Australia’s current account deficits in light of concerns about the role of external imbalances in the global financial crisis and the difficulties now facing a number of countries that have run large current account deficits in recent years. Australia is clearly...

Discussion paper

20 Jul 2009

Bob Gregory contrasts ‘the presuppositions of Royal Parade’ of 1950 Melbourne with the present outlook of himself and Australia at large. He outlines the evolution of his methodological position from the University of Melbourne student to the Canberra policy advisor, and defends that position from...


29 May 2009

The following links provide access to the Modern Monetary Theory interviews were recorded on May 29, 2009 at Newcastle, Australia.

The interviewer was Victor Quirk. They are in standard video mp4 format.


16 Jul 2008

While previous terms of trade booms have tended to be short lived, there are reasons to believe that the current boom could be more enduring. This paper considers the implications for the Australian economy in the event that recent rises in the terms of trade...


14 May 2006

Economic reforms of the recent decades have helped improve Australia's productivity level relative to the United States and narrow the productivity gap, and additional reforms could help narrow the gap further. But in the long run, according to Graeme Davis and Jyoti Rahman, Australia's productivity...


1 Mar 2006

David Gruen compares the response of the Australian economy to the current terms of trade boom with its response to the comparably sized boom of the early 1970s. Across a range of dimensions, he finds stark differences in the economy’s response to the two booms....


16 Feb 2006

Steven Kennedy, Jim Thomson and Petar Vujanovic discuss the pathways through which a pandemic might affect the Australian economy. They find that confidence effects and the (large) short term withdrawal of labour are probably the dominant mechanisms through which a pandemic adversely affects the economy....


16 Nov 2005

David Gruen and Amanda Sayegh examine the evolution of Australian fiscal policy and the fiscal policy framework over the past quarter century, from the early 1980s recession to the past eight years of budget surpluses.


24 Mar 2003

This brief examines the likely macroeconomic effects of war with Iraq, implications for oil prices as well as business and consumer confidence and the effect on Australia's level of activity, trade flows, employment and inflation.



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