Fiscal Policy



The Budget’s macroeconomic view is not mindful of my recent paper on fiscal policy. That paper predicts that, with most COVID restrictions on consumer spending… Read More ›

[Budget Forum 2022] The Budget, Fiscal Policy and an Outbreak of Inflation

In some ways, the Budget to be brought down on March 29 will look as if the Covid pandemic never happened. The Stage 3 tax… Read More ›

[Budget Forum 2022] A Free Lunch From Government Debt? It Certainly Looks That Way

The three decades of uninterrupted economic growth and the years of fiscal surpluses are over. Australia, along with the rest of the world, faces unprecedented… Read More ›

[Budget Forum 2022] On the Limits of Fiscal Financing in Australia

Many governments are raising the eligibility age for retirement benefits in response to population ageing. These policies have been shown to reduce government spending and… Read More ›

The Unequal Burden of Australian Pension Reform

Public spending has mushroomed over the last two years as governments around the world struggle to cope with the health and economic fallout of the… Read More ›

Business as Usual or Breaking With the Past? IMF Tax Advice in the Covid-19 Era

The 2021-22 Federal Budget marks the final main instalment in the Federal Government’s fiscal policy response to the COVID-19 pandemic, barring any mishap in which… Read More ›

[Budget Forum 2021] Fiscal Policy in the COVID-19 Era

There is good news and bad news regarding income tax in the Federal Budget 2021. The good news is that Stage 3 tax cuts have… Read More ›

[Budget Forum 2021] Looming Tax Cuts Prevent Genuine Expenditure Reform

While the government’s increased spending across the economy is welcome, the budget falls short of the government’s long term resilience and sustainability goals, Miranda Stewart… Read More ›

[Budget Forum 2021] Structural Changes, but No Sustainability Reset

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