Category Archives: Macroeconomics

Inquiring minds

I’m giving evidence at 10.45am tomorrow to the Senate inquiry into the government’s economic stimulus initiatives.* If you’ve read my paper on the topic, you’ll know everything I intend to say. * Oddly, mine is presently the only submission on … Continue reading

Posted in Coming Events, Macroeconomics

Don’t choke on that cheque

Household stimulus payments can be too stimulating, it seems. The Short-Term Mortality Consequences of Income Receipt (gated stable link, ungated unstable link) William Evans & Timothy Moore Many studies find that households increase their consumption after the receipt of expected … Continue reading

Posted in Macroeconomics | 1 Comment

Stimulating Stuff

One of the reasons that I wrote a paper using survey evidence to estimate the fiscal impact of the household stimulus package is that I don’t much like using aggregate time series data. But nonetheless, it shouldn’t be ignored, and … Continue reading

Posted in Macroeconomics

Australians more easily stimulated than Americans

I have a new paper out today, looking at the impact of the Australian 2009 household payments on expenditure. It uses a poll question contained in the June ‘ANU Poll’. Here’s the abstract (click on the title for the full … Continue reading

Posted in Macroeconomics | 5 Comments

Inequality and Growth

I have a new paper out with Dan Andrews and Christopher Jencks, on the relationship between inequality and growth. We reach a finding that is pretty standard in this literature – when we restrict the sample to 1960-2000, more inequality … Continue reading

Posted in Inequality, Macroeconomics

Understanding the GFC

For anyone wanting a brief rundown on why the Global Financial Crisis happened, I can highly recommend this speech to the Sydney Institute by David Gruen, head of the macro division of the Australian Treasury. David has 13 causes of … Continue reading

Posted in Macroeconomics | 5 Comments

Don’t fret the debt

I’m one of 21 authors (signatories?) of a Nicholas Gruen-instigated opinion piece in today’s AFR, arguing that modest levels of government debt are a perfectly appropriate response to a major downturn. Full text over the fold.

Posted in Macroeconomics | 12 Comments