The 2021-22 Tasmanian State Budget is an uncharacteristically big-spending affair, with some $2½ billion in new spending over the next four years funded by ‘windfall gains’ from Tasmania’s share of GST revenue, and buoyant stamp duty collections, together with $500-$600 million more borrowing than had been previously envisaged – although because last year’s deficit was […]

Login or subscribe to view the full video and presentation slides Login Subcribe Some commentators seem to think that ‘QE’ is simply a variant of, or a step along the road to, something called ‘Modern Monetary Theory’ or ‘MMT’.  It isn’t: and so in the second part of this series Saul explains what MMT is […]

In this webinar Saul will explain what MMT is (and what it isn’t), what the historical record shows about how it might work in practice, and what some of the results might be if it were implemented in current circumstances.

The Arts Hub’s article on Saul’s recent keynote address to Australian Performing Arts Market’s ‘Gathering’

This week Saul Eslake’s weekly Coronavirus Impact Chart Pack is 165 pages: – charts tracking the spread of Covid-19, globally and in Australia, and government responses to it; – the impact on the global economy and major individual economies such as China, Japan, other Asian economies, the US and Europe;financial and commodities markets; – multiple […]

A recession is commonly defined as two or more quarters of negative growth in real GDP. But that’s a silly rule – and it isn’t used in the US, where the body which officially delineates recessions last month said that the 2020 recession lasted just two months. If the bushfires of late 2019 and early […]

The 2021 IGR, released some six weeks ago, suggests that Australia will be running budget deficits for the next 40 years. But that’s only because of the quite arbitrary assumption that tax collections will remain ‘capped’ at 23.9% of GDP, forever more. There’s no reason why that should be the case.

This week Saul Eslake’s weekly Coronavirus Impact Chart Pack is 170 pages: – charts tracking the spread of Covid-19, globally and in Australia, and government responses to it; – the impact on the global economy and major individual economies such as China, Japan, other Asian economies, the US and Europe;financial and commodities markets; – multiple […]