Are we facing a low growth future? - Part 2
Grattan Institute10 Loka 2017

Are we facing a low growth future? - Part 2

In part 2 of this two-episode podcast, with the help of Australian Perspectives Fellow Brendan Coates and Productivity Growth Director Jim Minifie we follow up on our discussion into the evidence that economic growth may be slower in the future and what might explain it with an in-depth chat about what policymakers could do in response. One of the big policy debates in Australia and around the world right now is whether economic growth will be slower in the future than in the past. Nearly a decade after the Global Financial Crisis and economic growth remains weak in many rich nations. Australia has been an exception to the malaise, but growth has slowed as the mining boom winds down. A growing number of voices are wondering whether we’ve entered a “new normal” of slower economic growth, which would have big implications for Australians’ future living standards, our public policy choices and the state of our politics. Further readings To help listeners navigate the debate, below are a few references cited in the podcast discussion. John Daley et al, Gamechangers: economic reform priorities for Australia, 2012. If Australian governments want to increase rates of economic growth they must reform the tax mix, and increase the workforce participation rates of women and older people. Together these game-changing reforms could contribute more than $70 billion to the Australian economy. Governments should concentrate their limited resources for economic reform where they can have the greatest impact on Australian prosperity https://grattan.edu.au/report/game-changers-economic-reform-priorities-for-australia/ John Daley et al, Balancing Budgets: tough choices we need, 2013. This report examines all realistic reforms that would contribute $2 billion a year or more to government budgets. It favours reforms that are big enough to make a difference, do not produce unacceptable economic and social effects, and spread the burden of reform across the community. Sharing the pain is not only fair, it makes change easier to sell to the public. https://grattan.edu.au/report/balancing-budgets-tough-choices-we-need/ John Daley et al, Orange Book 2016: Priorities for the next Commonwealth Government, 2016. This report surveys policy recommendations from seven years of Grattan Institute reports and outlines what the incoming Commonwealth Government should do to improve Australia. https://grattan.edu.au/report/orange-book-2016-priorities-for-the-next-commonwealth-government/ Jim Minifie et al, Stagnation nation, Grattan Institute, 2017. Is Australia at risk of economic stagnation as the mining investment boom fades? While the decline in business investment is no cause for panic, policymakers must do more to ensure we remain a dynamic, growing economy. https://grattan.edu.au/report/stagnation-nation/

Jaksot(316)

Congestion in Melbourne: is it time to consider congestion charging?

Congestion in Melbourne: is it time to consider congestion charging?

Event podcast: in this Policy Pitch event, a panel of transport and infrastructure experts explored: How bad congestion is across Melbourne; at what point we should consider new strategies to manage congestion, including congestion pricing; and, if a government were to introduce congestion charging, what principles should guide the scheme.

27 Helmi 20181h 13min

Gonski 2.0: What Commonwealth should do (and not do) to drive improvement in school ed – Canberra

Gonski 2.0: What Commonwealth should do (and not do) to drive improvement in school ed – Canberra

Event podcast: In this Capital Ideas event, Dr Peter Goss, Grattan Institute School Education Program Director, hosted a panel of leading policy thinkers to explore what is needed to lift educational outcomes at scale, what are the benefits, challenges and risks of Commonwealth interventions and where should the Commonwealth focus its efforts, and why?

20 Helmi 20181h 13min

The demand driven higher education funding system: frozen or finished? – Sydney

The demand driven higher education funding system: frozen or finished? – Sydney

Event podcast: In this Forward Thinking event, a panel of experts will discussed if the demand driven system be restored. Its supporters argue that it increased access to higher education, fixed skills shortages caused by too few graduates, and encouraged innovation in teaching. Its detractors argue that admission standards fell, that we now have too many graduates, and that it cost taxpayers far too much.

13 Helmi 20181h 20min

The Commonwealth's role in improving schools

The Commonwealth's role in improving schools

A conversation with School Education Fellow, Julie Sonnemann. The Commonwealth should not use the extra money it is spending on schools as an excuse to intervene in school education. The danger is that the 'Gonski 2.0 Review' could be used as a platform for Commonwealth interventions that sound good, but don't actually help on the ground.

11 Helmi 201818min

The shocking truth about Australia's efforts to 'close the gap'

The shocking truth about Australia's efforts to 'close the gap'

A conversation with School Education Program Director Pete Goss. The "gap" between Indigenous and other school students is even bigger than official figures show. Grattan research reveals that Year 9 Indigenous students in very remote areas are five years behind in numeracy, six years behind in reading, and seven-to-eight years behind in writing. Even in the cities and regions - where most Indigenous students live - the gap is three to four years by Year 9.

8 Helmi 201813min

All complications should count: Using our data to make hospitals safer

All complications should count: Using our data to make hospitals safer

A conversation with Health Program Director, Stephen Duckett. One in nine patients who go into hospital suffers a complication, and the risk varies dramatically depending on the hospital. An extra 250,000 patients would leave hospital complication-free each year if all hospitals lifted their performance to match the best 10 per cent of hospitals. A Grattan Institute Report Podcast.

5 Helmi 201819min

The history and future of Medicare

The history and future of Medicare

A conversation with Health Program Director Stephen Duckett and Fellow Hal Swerissen. February 1, 2018 marks the 34th anniversary of the beginning of Medicare. How did it begin, how has it been used politically and what challenges will it continue to face?

31 Tammi 201829min

The ten-year story of Australia's Electricity price rise crisis

The ten-year story of Australia's Electricity price rise crisis

A conversation with Energy Fellow, David Blowers. Australia’s electricity sector is in crisis, or something close to it. But electricity shortages are just one part of the story - for most Australians a more visible and perhaps crucial part of this crisis is our ever-increasing electricity bills and everyone wants to blame someone else for the problem. Is there a single factor responsible for our electricity pricing woes? Or is the story more complex than that? Discussed on the podcast this week: David Blowers, A high price for policy failure: the ten-year story of spiralling electricity bills, January 2018 https://grattan.edu.au/news/a-high-price-for-policy-failure-the-ten-year-story-of-spiralling-electricity-bills/ Wood, T., Blowers, D., and Moran, G. Price shock: is the retail electricity market failing consumers?, 2017 https://grattan.edu.au/report/price-shock/

23 Tammi 201828min

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