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An interesting column, arguing that the very limited rise in unemployment in the Great Recession in Australia owes a lot to a well-constructed stimulus program of the Labour government, based on higher transfers to lower income households plus short and medium term infrastructure investment.
http://column.global-labour-university.org/2009/11/riding-your-luck-and-adopting-right.html
Posted by Andrew Jackson under Australia, fiscal policy, global crisis.
February 9th, 2010
Comments: 1
Keystone Liberals
Yesterday, Andrew Coyne lambasted a Liberal Party “Reality Check” from Thursday that looks eerily similar to the table that I had posted on Monday.
Like my table, the Liberals use the words “Growth”, “Decline”, and “Britain.” By contrast, the OECD’s tables use a negative sign (instead of words) to denote declines and refer to the [...]
Posted by Erin Weir under Australia, Blogroll, G-8, GDP, OECD, media.
September 5th, 2009
Comments: 4
Although my knowledge of Australia’s politics is limited, they always interest me. Not only is the country similar to Canada in many ways, but it also had among the most successful labour movements and Labor Parties in the English-speaking world. (The party changed its name from “Labour” to “Labor” in 1912, when it seemed that [...]
Posted by Erin Weir under Australia, democracy, fiscal policy, labour market, media, unions.
November 24th, 2007
Comments: 4
by Jim Stanford
I’ve now been in Melbourne Australia for one month of my 12-month sabbattical. It’s always interesting for an economist to live somewhere else and compare the micro-minutae of life. It’s a sure-fire way to drive your travelling partners nuts.
Here are my main impressions of economic life on the bottom side of [...]
Posted by Jim Stanford under Australia, free trade, labour market, minimum wage.
August 4th, 2006
Comments: 1