Author Archives: Fred Argy

Privatisation of Medibank Private

One needs a full cost-benefit analysis (including all externalities such as secondary effects n health premiums) to form an intelligent view on whether to sell Medibank Private. In the meantime, it makes no sense to say that reducing the level … Continue reading

Posted in Business | 14 Comments

Should Economists be sued for malpractice?

It is relatively easy for economists to debate efficiency issues e.g. when we discuss privatisation. But when we are discussing a host of particular economic issues – such as the distribution effects of labour market deregulation, or the role of … Continue reading

Posted in Economics and public policy | 6 Comments

Prospect for interest rates

The headlines all warn that core inflation “remains high” and that the futures market is predicting a 78% chance that the RBA will increase rates next week. We need to keep things in perspective. First, after three annual increases in … Continue reading

Posted in Economics and public policy | 1 Comment

The future of joblessness

Although labour demand is not quite keeping up with jobs, the labour market remains broadly stable. This is hardly surprising, given the strong fiscal and monetary stimulus. This is now expected to decrease gradually in the next few months. Yet … Continue reading

Posted in Economics and public policy | 15 Comments

Future moves on interest rates

A recent version of the Taylor rule specifies that the Federal interest rate target should have a threefold aim: (a) to curb inflation (b) to avoid excess unemployment and (c) stop prospective asset prices. With a rising Australian dollar (and … Continue reading

Posted in Economics and public policy | 14 Comments

Why we needed a fiscal stimulus

There are two interesting pieces in todays blogs and newspaper articles. The first is from Robert Reich http://economistsview.typepad.com/economistsview/2009/09/is-government-helping-or-hurting-business.html He makes the evident point that the Dow is hitting the 10,000 mark because, while market-induced spending is well down, government-induced spending … Continue reading

Posted in Economics and public policy | Leave a comment

Equality of Opportunity

It seems opportune to revisit my 2006 paper, Equal Opportunity in Australia: myths and reality1. I wrote this brief up-date for NewCritic (put out by the University of Western Australia).

Posted in Economics and public policy | 7 Comments