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Does WA get a fair deal?

Those of you who are not from Western Australia will be unaware of Paul Murray, and for that I envy you. Murray is like Paul Kelly without the sparkling wit and partisan neutrality. His stentorian...

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Did the stimulus work?

John Howard’s biographer, David Barnett, has a piece in the Drum today arguing against the use of fiscal stimulus in recessions and against Keynesianism in general. Setting aside the philosophical and...

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Inequality and financial crises

A new IMF Working Paper on the role of inequality in generating financial crises has some interesting findings: [The paper] explore[s] the nexus between increases in the income advantage enjoyed by...

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On jobs, Australia outperforms US and Europe

Inspired by this analysis of the jobs crisis in the US, I thought I’d have a look at how Australia compares to the US and Europe. This chart shows the proportion of the working-age population that is...

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How would we know if the labour market was flexible?

How would we know if the labour market was ‘flexible’? One way is to look at how the jobs market responds to economic shocks. During the GFC, when the Howard Government’s labour laws were still in...

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