Finance, Banking, Monetary Systems – The Centre for Independent Studies

Finance, Banking, Monetary Systems

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

 

Publications

The End of Monetary Policy?
Warren Hogan
29 October 2020 | AP16

Monetary policy is not the answer to our economic problems; and central bank actions could be making matters worse. This paper outlines that monetary policy in most advanced economies is suffering from overreach and has been for much of the past decade. Many of the…

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 to over $1 trillion within a few years in the…

Millennials and Super: the case for voluntary superannuation
Simon Cowan
28 May 2019 | PP20

Superannuation is not a good deal for everyone. As a result of house prices increases, it has become much harder to save for a deposit and, as a result, homeownership percentages among younger workers have fallen. Superannuation, particularly future increases in the guarantee rate, is…

I, Mechanical Pencil: Why a socialist economy can never work
Steven Kates
06 February 2019 | PP14

Socialism brings poverty and oppression. The ignorance of so many as to why only a market economy is capable of bringing prosperity and political freedom is a major problem. Too many believe a socialist utopia can be achieved if only the right people took the…

The Major Bank Levy: We’re all going to be hit
Michael Potter
19 June 2017 | RR29

The major bank levy was proposed in the 2017–18 Budget. The levy has numerous flaws including: The costs of the levy will likely be passed on as higher interest rates for mortgages and business loans, harming households and business investment which is very weak. The…

Media & Commentary

RBA needs to do more to boost economy
Peter Tulip
16 November 2020 | Canberra Times

Last week the Reserve Bank of Australia cut interest rates to zero and said it would pump an extra $100 billion into the economy. The RBA expects these measures to…

Why the price of cheap money will always be too high
Warren Hogan
29 October 2020 | Financial Review

Next Tuesday, the Reserve Bank of Australia is expected to reduce the cash rate to another record low. Monetary policy in most advanced economies is suffering from overreach and has been for…

Increasing JobSeeker not an open and shut case
Robert Carling
31 July 2020 | Ideas@theCentre

Should there be a permanent increase in unemployment benefit (now called JobSeeker)? There is widespread support for it, but is this because the case is strong — or is it…

Note from Tom Switzer
Tom Switzer
02 April 2020 | Ideas@TheCentre

We’re only a few weeks into the coronavirus crisis, and already our intellectual opponents are arguing that the coming recession is an indictment of capitalism. After decades of ‘small government’,…

Truth is, not all tax cuts are created equal
John Humphreys
27 October 2019 | The Canberra Times

TREASURY’S flawed tax model has caused the government to underestimate the benefits and overestimate the budget cost of their long-term tax reforms. This has influenced the government to pursue the…