Are we facing a low growth future? - Part 1
Grattan Institute26 Syys 2017

Are we facing a low growth future? - Part 1

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. In part 1 of this two-episode podcast, with the help of Australian Perspectives Fellow Brendan Coates and Productivity Growth Director Jim Minifie, we take a deep dive into the evidence that economic growth may be slower in the future and what might explain it. Stay tuned for part 2 where we will discuss what policymakers could do in response. Further readings To help listeners navigate the debate, below are a few references cited in the podcast discussion. Cardiff Garcia, Productivity and innovation stagnation, past and future, FT Alphachat, 2016 [warning: paywall]. A great overview of all the various explanations of why productivity growth has slowed (with hyperlinks). https://ftalphaville.ft.com/2016/03/11/2155269/productivity-and-innovation-stagnation-past-and-future-an-epic-compendium-of-recent-views Jim Minifie, 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 Lukasz Rachel and Thomas D Smith (Bank of England), Secular drivers of the global real interest rate, Bank of England, 2015. Real interest rates, both globally and in Australia, have declined sharply over the past 30 years. Population ageing, rising inequality, slower future global growth and a global glut of savings by emerging market governments (among other factors), have pushed down real interest rates. The authors conclude most of these forces will persist, which could leave real interest rates as low as one per cent for the foreseeable future. http://www.bankofengland.co.uk/research/Documents/workingpapers/2015/swp571.pdf Robert Gordon, The Rise and Fall of American Growth: The US Standard of Living since the Civil War, 2016 Robert Gordon’s weighty tome is the most prominent of the wave of economists warning that economic growth will be slower in future. But rather than reading the 750 pages of Gordon’s book, check out this review by The Economist instead. https://www.economist.com/news/books-and-arts/21685437-why-economic-growth-soared-america-early-20th-century-and-why-it-wont-be

Jaksot(316)

Spruik no more: depoliticising taxpayer-funded advertising

Spruik no more: depoliticising taxpayer-funded advertising

If you’ve been watching TV or reading the paper, chances are you’ve seen an ad spruiking the achievements of federal and state governments, from the next big transport project to how they’re reducing the cost of living. While some of these ads are worthwhile—such as encouraging people to get vaccinated—others masquerade as subtle political ads on the taxpayer dime. So, what can be done to prevent such blatant misuse of taxpayer-funded advertising? Join host Kat Clay, as she discusses the latest report in the New Politics series, with co-authors Kate Griffiths and Anika Stobart. For more information, visit: https://grattan.edu.au/

9 Loka 202217min

Is Australia headed for a recession?

Is Australia headed for a recession?

The rumours are swirling. The US economy might be headed for a recession. And what happens in the international market significantly impacts Australia. Many commentators are concerned that we too might be headed for a recession. But is this an accurate prediction, or are there ways Australia can weather the storm? Host Kat Clay is joined by Trent Wiltshire, Deputy Program Director, Migration and Labour Markets, to see if the rumours are true.

2 Loka 202218min

The Great Australian Nightmare: Henry George Lecture

The Great Australian Nightmare: Henry George Lecture

In this Henry George lecture for Prosper Australia, Grattan’s Brendan Coates shows how expensive housing sits at the heart of some of Australia’s most pressing policy challenges. Read the full speech: https://grattan.edu.au/news/the-great-australian-nightmare/

19 Syys 202243min

Jobs and skills: what now after the summit?

Jobs and skills: what now after the summit?

Last week, MPs, business leaders, unions, and economists met at the national Jobs and Skills Summit to discuss the future of the jobs market in Australia. High on the priority list were the skills shortages felt across Australian workplaces, increasing productivity, and improving the migration system. On this podcast, host Kat Clay interviews Grattan CEO, Danielle Wood, who gave the opening address at the summit. She is joined by Brendan Coates, Economic Policy Program Director. Read Danielle's opening remarks from the conference: https://grattan.edu.au/news/think-big-a-new-mission-statement-for-australia/

5 Syys 202226min

Clean wheels keep on turning: reducing truck air-pollution in urban areas

Clean wheels keep on turning: reducing truck air-pollution in urban areas

Trucks. They deliver essential items – especially in the COVID lockdowns – but most of us want them off our local streets. Whether it’s the pollution or the noise, there are serious side-effects to trucks in urban areas, especially when the ageing fleet isn’t keeping up with the latest technologies. But how to reduce the health and environmental risks of trucks, while maintaining this vital mode of transport? Join Kat Clay as she interviews Marion Terrill, Program Director, and Ingrid Burfurd, Senior Associate, about the latest Grattan Report, The Grattan truck plan: practical policies for cleaner freight. Read the report: https://grattan.edu.au/report/grattan-truck-plan/

28 Elo 202220min

How to prevent pork-barrelling in Australian politics

How to prevent pork-barrelling in Australian politics

From sports rorts to regional slush funds, there seems to be no end of pork-barrelling scandals , where governments have been caught using public money to target certain voters for political gain. This week the Grattan podcast discusses the second report in the New Politics series, on what governments can do to stop pork-barrelling. Host Kat Clay is joined by Grattan’s CEO, Danielle Wood, and her co-authors Kate Griffiths and Anika Stobart from Grattan’s Budgets and Government team. Read the report: https://grattan.edu.au/report/new-politics-preventing-pork-barrelling/

21 Elo 202218min

Skills to pay the bills: Migration priorities for the government at the Jobs and Skills Summit

Skills to pay the bills: Migration priorities for the government at the Jobs and Skills Summit

With massive worker shortages across the country, migration is expected to feature heavily in the upcoming Jobs and Skills Summit, which brings together employers, unions, and governments to discuss the economic challenges facing Australia. Business groups are demanding the permanent migration intake be lifted to at least 200,000 for the next two years. Parts of the union movement have warned against relying too heavily on temporary migration, pointing to repeated cases of exploitation of migrant workers. Watch Kat Clay, Head of Digital Communications, in conversation with Brendan Coates, Economic Policy Program Director, discuss what the migration priorities for the government should be at the summit. To read the report in discussion, visit: https://grattan.edu.au/report/fixing-temporary-skilled-migration/

15 Elo 202225min

Ooh, shiny! Infrastructure projects and the not-so-shiny cost-benefit analyses

Ooh, shiny! Infrastructure projects and the not-so-shiny cost-benefit analyses

Is it worth it? It’s the question that should be asked whenever governments come up with a shiny new infrastructure idea. But too often, major projects are announced as election promises, without evaluating the cost and the value of the project to taxpayers. And while cost-benefit analyses might not seem like the sexiest thing to accompany election promises, there’s a genuine opportunity for the new Prime Minister to reform infrastructure funding in Australia. Host Kat Clay is joined by Marion Terrill, Grattan’s Transport and Cities Program Director. Relevant research: Megabang for megabucks: driving a harder bargain on megaprojects: https://grattan.edu.au/report/megabang-for-megabucks/ Roundabouts, overpasses, and carparks: Hauling the federal government back to its proper role in transport projects https://grattan.edu.au/report/roundabouts-overpasses-carparks-hauling-the-federal-government-back-to-its-proper-role-in-transport-projects/

1 Elo 202213min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
rss-ootsa-kuullut-tasta
tervo-halme
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-kuka-mina-olen
et-sa-noin-voi-sanoo-esittaa
rss-podme-livebox
rss-vaalirankkurit-podcast
otetaan-yhdet
rikosmyytit
rss-merja-mahkan-rahat
viisupodi
rss-hyvaa-huomenta-bryssel
rss-suoraan-asiaan
rss-polikulaari-humanisti-vastaa-ja-muut-ts-podcastit
rss-se-avun-kysymyspodcast
rss-50100-podcast
rss-raha-talous-ja-politiikka
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset