Finance, Banking, Monetary Systems

Our research explains and advocates why a sound financial and monetary system is critical for economic prosperity.



Principles and recommendations for tax reform - CIS submission National Reform Summit
Simon Cowan, Robert Carling, Henry Ergas
27 August 2015 | The Centre for Independent Studies

The slant towards cutting taxes before 2010 was welcome, but for such an approach to return in the foreseeable future, the growth of government spending will have to be curbed and the size of government as a share of GDP reduced. Although tax reform may…

Submission to the National Commission of Audit
Alexander Philipatos, Jennifer Buckingham, Jeremy Sammut, Robert Carling, Simon Cowan, Stephen Kirchner, Trisha Jha
01 April 2014 | T30.08

The federal government’s Commission of Audit (CoA) was established in 2013 to review the performance and role of government. This publication is an edited version of the CIS submission to the CoA listing practical solutions aimed at cutting government expenditure. The government should adopt a…

TARGET30: Reducing the burden for future generations
David Murray, Maurice Newman, Simon Cowan
01 July 2013 | PF25

TARGET30 is a campaign promoting smaller government and cutting government spending to less than 30% of GDP in the next 10 years. This collection of speeches presented at the campaign’s launch focuses on ensuring that the crucial services Australians need are delivered efficiently and effectively…

Australia’s Future Fiscal Shock
Robert Carling
28 September 2012 | IA134

Australia’s Future Fiscal Shock. Robert Carling is a Senior Fellow at the Centre for Independent Studies.

Regulation or Strangulation? Banking After the Global Financial Crisis
Ian Harper, Robert Carling
12 June 2012 | PF23

Rightly or wrongly, inadequate regulation of finance has taken much of the blame for the global financial crisis. International organisations and governments around the world have spent the past three years designing a new regime of regulation. In Australia, the Basel III measures are being…

Media & Commentary

No, Australia doesn't have a revenue problem
Michael Potter
02 October 2015 | Ideas@TheCentre

Many commentators think taxes need to increase to ensure the tax-to-GDP ratio is ‘restored’ to historical levels. But their arguments are wrong. The tax-to-GDP ratio is currently well above the…

No go-slow for ScoMo
Michael Potter
25 September 2015 | Ideas@TheCentre

Scott Morrison (aka ScoMo) will find on the Treasurer’s desk an in-tray reaching higher than Mt Everest. He could spend months getting across the details of his new remit, reviewing…

Dovish confessions of a hawkish mind
Patrick Carvalho
25 September 2015 | Ideas@TheCentre

When it comes to monetary policy the world is divided into doves and hawks. The former tends to underplay the impact of inflation, focusing on economic growth and lower interest…

New PM, same task
Simon Cowan
18 September 2015 | Ideas@TheCentre

Australia has its fifth Prime Minister in as many years. For various reasons Kevin Rudd, Julia Gillard and now Tony Abbott have all been removed, not by losing an election,…

The hazards of a higher GST
Robert Carling
17 September 2015 | Business Spectator

A higher GST is being advocated in tax reform debates as a miracle cure for budget deficits, dysfunctional federalism and excessive personal and company income tax. It can’t achieve all…