Poll 70
"Targeted to those who genuinely need it' - Top economists pick the best cost-of-living supports, by Isaac Gross, Monash University.
Australia's leading economists have picked help with school costs, rent and dental care as the most meaningful cost-of-living supports the federal government could offer.
Responses (52)
Poll 69
'Skills, competition, infrastructure': top economists tell Chalmers what belongs in his productivity package. Top economists want Treasurer Jim Chalmers to spend his 12 May Budget fixing the supply side of the Australian economy.
Responses (46)
Poll 68
Australia's top economists overwhelmingly believe there’s no better way to boost productivity than to boost skills. Offered a choice of seven measures identified by the Economic Society of Australia as candidates for achieving the Treasurer’s aim of boosting Australia’s historically low rate of productivity growth, 26 of the 45 economists polled picked boosting skills and workforce capability, almost twice as many as picked the next most-popular option: promoting innovation and research and development.
Responses (43)
Poll 67
Poll finds support for aligning net zero, reliability and price,
Peter Martin
Responses (43)
Poll 64
Panelists were asked to comment on two questions:
Is the budget likely to achieve its aim of getting inflation back within the RBA target band by the end of this year and back to 2.75% by mid next year?
And
On May 14, the government delivered a budget designed, in the Treasurer's words, to "focus on fighting inflation in the near term and then growth in the medium term " - What grade would you give the budget, given that objective? A, B, C, D, E or F
Wes Mountain/The Conversation, CC BY-ND https://creativecommons.org/licenses/by-nd/4.0/
Responses (990)
Poll 63
April Poll - panellists were asked about the GST deal with Western Australia. The following two questions were posed:
"Is the long-standing arrangement broadly the best method of distributing the nationally-collected GST revenue?" and "Should the 2018 changes be kept or scrapped?"
Responses (997)
Poll 62
Panellists were asked "Which of the options set out below best describes the kind of approach the Australian government should take to the US Inflation Reduction Act? (Pick 1)"
Poll 61
Worried economists call for a carbon price, a tax on coal exports, and ‘green tariffs’ to get Australia on the path to net zero
Responses (208)
Poll 60
Australia’s leading economists believe Australia can sustain an unemployment rate as low as 3.75% – much lower than the latest Reserve Bank estimate of 4.25% and the Treasury’s latest estimate of 4.5%.
Responses (60)
Poll 59
Our panellists were asked the following 2023 budget question: "On May 9, the government delivered a budget designed, in the Treasurer's words, to strike a balance between relief, repair and restraint'. What grade would you give the budget, given that objective: A, B, C, D, E or F?"
Wes Mountain/The Conversation, CC BY-ND - https://creativecommons.org/licenses/by-nd/4.0/
Responses (168)
Poll 58
When panellests were asked to find an extra A$20 billion per year to fund government priorities like building nuclear submarines and responding to climate change, Australia’s top economists overwhelmingly back land tax, increased resource taxes, an attack on negative gearing and extending the scope of the goods and services tax.
Photo credit by Joshua Hoehne on Unsplash
Responses (59)
Poll 57
Australia’s top economists have overwhelmingly endorsed intervention to restrain gas and electricity prices, with only three of the 47 leading economists surveyed believing the best thing the government can do is to leave things to the market.
Photo credit: Wes Mountain/The Conversation, CC BY-ND
Responses (146)
Poll 56
Investing in Australians’ education is far more important than immigration in resolving the nation’s skills shortages, according to leading economists surveyed in the lead-up to this week’s jobs and skills summit.
The 50 top Australian economists polled by the Economic Society of Australia and The Conversation are recognised by their peers as leaders in their fields, including economic modelling, labour markets and public policy.
Wes Mountain/The Conversation, CC BY-ND
Responses (60)
Poll 55
Australia’s top economists are divided about how to tackle ballooning inflation of 6.1% that’s forecast to climb to a three-decade high of 7.75% by the end of the year.
Wes Mountain/The Conversation, CC BY-ND
Responses (59)
Poll 54
Panellists were asked:
"From this list, please pick the three issues you think will be the most important for the incoming government and should be the most important in the election".
Wes Mountain/The Conversation, CC BY-ND
Responses (50)
Poll 53
Given the economic environment, compared to the December projection what should the budget deficit be?
Cut emissions, not petrol tax; fund childcare, not beer. What economists want from next week’s budget
Wes Mountain/The Conversation, CC BY-ND
Poll 52
"What do you think the intake of permanent migrants should be in coming years"
Australia’s leading economists have overwhelmingly endorsed a return to the highest immigration intake on record, saying Australia should aim for at least 190,000 migrants per year as it opens its borders, up from the target of 160,000 per year set ahead of COVID.
Photo credit "Wes Mountain/The Conversation, CC BY-ND"
Responses (59)
Poll 51
Our panellists were asked whether rate hikes would be necessitated in the United States, Britain and Australia.
Despite appearances – especially in the United States – the era of high inflation isn’t set for a comeback in the view of Australia’s leading economists, and most see no need for the Reserve Bank to lift interest rates next year.
Question 4
"Following the next Federal election, the incoming Federal Government should commission an independent Review of the Reserve Bank of Australia."
Photo credit "Wes Mountain/The Conversation, CC BY-ND"
Responses (56)
Poll 51
Our panellists were asked whether rate hikes would be necessitated in the United States, Britain and Australia.
Despite appearances – especially in the United States – the era of high inflation isn’t set for a comeback in the view of Australia’s leading economists, and most see no need for the Reserve Bank to lift interest rates next year.
Question 3
"The Reserve Bank has, over the past 5 years, effectively used the tools available to it to achieve its goals of "maintaining the stability of the currency, ensuring full employment and furthering the 'economic prosperity and welfare of the people of Australia'."
Photo credit "Wes Mountain/The Conversation, CC BY-ND"
Responses (56)
Poll 51
Our panellists were asked whether rate hikes would be necessitated in the United States, Britain and Australia.
Despite appearances – especially in the United States – the era of high inflation isn’t set for a comeback in the view of Australia’s leading economists, and most see no need for the Reserve Bank to lift interest rates next year.
Question 2
"When do you expect the Reserve Bank of Australia to next lift its cash rate?"
Photo credit "Wes Mountain/The Conversation, CC BY-ND"
Responses (56)
Poll 51
Our panellists were asked whether rate hikes would be necessitated in the United States, Britain and Australia.
Despite appearances – especially in the United States – the era of high inflation isn’t set for a comeback in the view of Australia’s leading economists, and most see no need for the Reserve Bank to lift interest rates next year.
Question 1
"The current combination of Australian fiscal and monetary policy poses a serious risk of prolonged above-target inflation."
Photo credit "Wes Mountain/The Conversation, CC BY-ND"
Responses (80)
Poll 50
Ahead of November’s Glasgow climate talks, our panellists were asked
"Australia would likely benefit overall from the national economy transitioning to net-zero emissions by 2050"
Photo credit "Wes Mountain/The Conversation, CC BY-ND"
Responses (73)
"On 6 October, the Government delivered a budget designed, in the Treasurer's words, to 'rebuild our economy and create jobs'. What grade would you give the budget given the objective? A, B, C, D, E, F"
Photo Credit: Wes Mountain/The Conversation, CC BY-ND
Responses (43)
Poll 44
"Ahead of a decision about any permanent increase expected early next year, The Conversation and the Economic Society of Australia asked 45 of Australia’s leading economists where they thought JobSeeker should settle."
Poll 46
"On May 11, the government delivered a budget designed, in the Treasurer's words, to 'secure Australia's economic recovery and build for the future'. What grade would you give the budget given that objective, A, B, C, D, E, F?"
Photo credit Wes Mountain/The Conversation, CC BY-ND
Responses (55)
Poll 47
This month, our panellists were asked whether Australia should take action to speed the transition to electric cars.
"As part of efforts to reduce carbon emissions, Australian governments should take action to accelerate the take up, or take no action to accelerate the take up of electric cars"
Photo credit "Wes Mountain/The Conversation, CC BY-ND"
Responses (1016)
Poll 45
The budget strategy should commit the government to use fiscal policy to quickly drive down the unemployment rate until it is comfortably.....
Photo by Hal Gatewood on Unsplash
Poll 48
Our panellists were asked
"Higher wages growth is now a top priority of the RBA in its efforts to sustain stronger economic growth. Please identify the three of these government policies you think would best help deliver higher wages growth".
Photo credit "Wes Mountain/The Conversation, CC BY-ND"
Responses (56)
Poll 49
"What measures should Australian governments adopt to promote demand for vaccination once supply is no longer a constraint?"
Photo credit "Wes Mountain/The Conversation, CC BY-ND"
Responses (1014)
"The October budget will see the government announce additional policies to support recovery. Please nominate the four programs you think would be the most effective (for an intervention of a given size) over the next two years"
Photo Credit: Wes Mountain/The Conversation, CC BY-ND
Responses (49)
"The legislated increases in compulsory super contributions, which are set to climb from 9.5% of wages to 12% over the next five years should...."
Photo Credit: Wes Mountain/The Conversation, CC BY-ND
Responses (44)
"Governments should provide ongoing fiscal support to boost aggregate demand during the economic crisis and recovery, even if it means a substantial increase in public debt"
Photo Credit: Wes Mountain/The Conversation, CC BY-ND
Responses (50)
"A freeze in the minimum wage will support Australia's economic recovery"
Photo credit: Wes Mountain/The Conversation, CC BY-ND
Responses (41)
"The benefits to Australian society of maintaining social distancing measures sufficient to keep R<1 for COVID-19 are likely to exceed the costs"
Responses (47)
Poll 37
Proposition 1: "Without changes to existing public policy or private sector practice in Australia, motherhood will always negatively affect a woman's career."
Proposition 2: "In Australia, fathers are more restricted than mothers in fulfilling a caring role while in employment."
Responses (34)
Proposition 1: "The best economic policy instrument available to policy makers seeking to address obesity and related health issues in Australia is the introduction of a tax on sugar sweetened beverages (SSBs)."
Proposition 2: "The health and non-health benefits from a tax on SSBs are likely to outweigh the possible costs felt elsewhere in the economy."
Responses (21)
Proposition 1: "Professional accreditation for the economics profession would attract more people to economics as a career."
Proposition 2: "The benefits of professional accreditation for current and prospective economists would exceed any possible costs"
Responses (38)
"In general, using more congestion charges in crowded transportation networks — such as higher tolls during peak travel times in cities, and peak fees for airplane takeoff and landing slots — and using the proceeds to lower other taxes would make citizens on average better off."
Responses (27)
"The recent US corporate tax cuts will have no impact on investments in and capital flows into Australia."
Responses (30)
Proposition 1: "Slowing the growth in the debt to GDP ratio should be a priority for Australian governments."
Proposition 2: "Slowing the growth in the debt to GDP ratio is a higher priority than income or corporate tax cuts."
Responses (29)
"A sustained increase in the number of new homes constructed each year, all else equal, will make housing cheaper than otherwise."
Responses (126)
"Pricing of road-use for electric vehicles should be the same as fossil fuel-powered vehicles."
Responses (25)
"There is no way to significantly increase the degree to which Australian retail banks act in the interests of consumers."
Responses (20)
"There are clear net benefits for Australians from (further) increasing the diversion of waste from Australian landfills."
Responses (16)
Proposition 1: "There is a significant risk that, either as a result of the findings and recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry or as a result of the financial institutions' response to those findings, credit will become less readily available to Australian households or businesses."
Proposition 2: "Assuming credit becomes less readily available to Australian households or businesses, this will in turn have adverse consequences for the performance of the Australian economy."
Responses (24)
"The wages and conditions of Australian workers providing services in sectors affected by the rapid growth of digital on-demand subcontracting platforms will, on average, be expected to fall without further government intervention."
Responses (31)
Proposition 1: "The modern phenomena of information overload and social-media-fuelled 'fake news' bring into focus the value of quality journalism. Quality journalism has a public-good dimension that warrants public support."
Proposition 2: "The Australian government presently provides funding for the ABC and SBS, Australia's independent public broadcasters. The Australian government should increase its financial support of quality journalism."
Responses (36)
"Assuming that the law will be changed to allow same-sex couples to marry in Australia, this will generate net economic benefits for the nation as a whole over the next 10 years."
Responses (30)
Question A: "Holding labor market institutions and job training fixed, rising use of robots and artificial intelligence is likely to increase substantially the number of workers in Australia who are unemployed for long periods."
Question B: "Rising use of robots and artificial intelligence in Australia is likely to create benefits large enough that they could be used to compensate those workers who are substantially negatively affected for their lost wages."
Responses (33)
"As interest rates are at low levels by historical standards, federal and state governments, despite their public debt levels, should be borrowing more than they currently are to invest in infrastructure"
Responses (32)
"The Finkel Review has recommended a mandatory certificate scheme that obliges electricity retailers to purchase a certain proportion of the electricity they sell from sources of electricity whose emission intensity is below a defined level. This is preferable to conventional approaches to the pricing of externalities, such as an emission tax or cap and trade scheme."
Responses (26)
"For-profit provision of human services like health and education leads to poor client outcomes and high costs to government."
Responses (30)
"Capital gains tax deductions for housing investment should be removed because they overstimulate the housing market, contributing to rising house prices."
Responses (27)
"The recent Parliamentary Inquiry into "Gender segregation in the workplace and its impact on women's economic equality" was asked to examine measures to encourage women?s participation in male-dominated occupations and industries. Although there is growing awareness of the productivity gains of gender diversity, the private market alone is unlikely to steer the Australian labour market toward gender equality in male-dominated industries. Breaking down gender segregation in the labour market can only be achieved with some degree of government intervention."
Responses (28)
"It is more effective to teach an introductory course in micro-economics first before an introductory course in macro-economics."
Responses (30)
"The social costs of gambling exceed the benefits (including consumer surplus from recreational gambling and tax revenue for governments)."
Responses (27)
"Given the Commonwealth Treasury?s ongoing difficulty in making accurate forecasts of some of the key economic variables underpinning the Budget ? in particular nominal GDP growth ? the Government should ?outsource? the economic forecasts used in framing the Budget to an independent agency (such as the Parliamentary Budget Office), as now happens in the United Kingdom."
Responses (34)
"Hillary Clinton is likely to be the superior US presidential candidate for the Australian economy and for Australia."
Responses (35)
'The total benefit of current levels* of migration to Australia will outweigh the total costs to Australia's economy'.
Responses (30)
"In response to energy shortages around Australia, government policies requiring gas producers to reserve some production for domestic consumption are a good way to ensure that Australian consumers have access to sufficient gas supplies while still allowing for gas exports."
Responses (31)
Part 1: 'Behavioural economics provides new and useful insights into individual behaviour.'
Part 2: 'It is unethical for governments to use behavioural economics to "nudge" citizens.'
Responses (66)
"The Reserve Bank of Australia should be tasked with targeting nominal economic growth rather than inflation."
Responses (29)
"Assuming it is implemented, Brexit will deliver net economic benefits, on average, to UK citizens within its first 5 years."
Responses (34)
"Australia will receive a bigger economic growth dividend in the long-run by spending on education than offering an equivalent amount of money on a tax cut to business."
Responses (30)
"The recently released 2016-17 Commonwealth Budget projects that the Australian Government's underlying cash balance will return to surplus by 2020?21*. Australian politicians should rebalance the budget with greater urgency."
Responses (22)
"As the Chinese economy makes its transition from investment-led to consumption led growth, the Australian service sector which currently accounts for around 20% of total exports, will produce a second 'Chinese economic windfall' for Australians."
Responses (33)
"Government investments in major sporting events usually generate net benefits for the city or region where the investment is made."
Responses (25)
"New tax incentives for investments in technology and innovation businesses and start-ups are likely to be inefficient."
Responses (29)
"Giving specific presents as holiday gifts is inefficient, because recipients could satisfy their preferences much better with cash."
Responses (30)
"Aligning Sunday penalty rates for hospitality, entertainment and retailing industries with the current levels for Saturday, as proposed in the Productivity Commission's draft report, will lead to more employment and greater availability of services in these industries on Sundays."
Responses (40)
“Increasing government revenue collected through the Goods and Services Tax (GST) by removing exemptions (such as food, health and education) is better than achieving the same extra revenue by increasing the GST rate while retaining the existing exemptions.”