POLICY Papers

Publications

The Economic Challenge of Covid-19
Robert Carling
08 July 2020 | PP32

Even before the Covid-19 pandemic struck, the Australian economy was under-performing its potential and in need of reinvigoration. Economic growth in per capita terms had slowed to a crawl and business investment and productivity growth…

Lower Company Tax to Resuscitate the Economy
Jeff Bennett, Michael Potter, Tony Makin
06 July 2020 | PP31

In response to the economic contraction of the COVID-19 pandemic, the federal and state governments have dramatically expanded the scope and scale of state involvement in the economy. This massive spike in government spending continues…

A Fiscal Vaccine for COVID-19
Tony Makin
10 June 2020 | PP30

The fiscal response to the Covid-19 crisis ensures that the federal and state governments will experience large budget deficits and escalating public debt for the foreseeable future. Federal government debt could for instance conceivably double…

State Finances after the Pandemic
Robert Carling
28 May 2020 | PP29

The strength of Australia’s government finances is an important dimension of economic performance as it helps set the foundations for the delivery of public services, the flexibility governments need to respond to unexpected events and…

Pain without gain: Why school closures are bad policy
Blaise Joseph, Glenn Fahey
24 May 2020 | PP28

The decision by state and territory governments to strongly advise parents to keep their children at home and essentially close schools went against the health, economic, and educational evidence. There was little health benefit, while…