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3 lessons from behavioural economics Bill Shorten's Labor Party forgot about

Three simple lessons from behavioural economics would have helped the Labor Party sell its economic credentials.www.shutterstock.comThe Australian Labor Party’s 2019 election campaign showe...

Tracey West, Lecturer in Behavioural Finance, Griffith University

Going up. Monday showed what the market thinks of Morrison

There's other obvious reason for the jump.Shutterstock/Yahoo FinanceThe coalition’s shock victory pushed up the S&P ASX 200 1.7% in the biggest surge since Kevin Rudd was elected prime ...

Mark Humphery-Jenner, Associate Professor of Finance, UNSW

'Do no harm' isn't enough. Why the banking royal commission will ultimately achieve little

Will the banking services royal commission have a lasting effect of improving the banking and financial sector? The answer is “no”. A temporary change is apparent, but the problems li...

Kevin Davis, Professor of Finance, University of Melbourne

Their biggest challenge? Avoiding a recession

Albo, or Plibersek, or whoever it turns out to be the next Labor leader, might have had a lucky accident. Usually, it’s Labor that inherits an economy turning down.This time, it’s the...

Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

for the best election predictions, look to the betting markets, not the opinion polls

It turns out that betting markets are quite good predictors, on average.www.shutterstock.comOpinion polls haven’t done too well in some important recent elections.Polls failed to foresee th...

Richard Holden, Professor of Economics, UNSW

economics isn't an end itself. There has to be a social benefit

When I was growing up in Adelaide in the 1970s I wanted to be like Bob Hawke. Other kids generally wanted to be cricket, football or rock stars. I wanted to be a research officer with the Austral...

Tim Harcourt, J.W. Nevile Fellow in Economics and host of The Airport Economist, UNSW

Hawke was our larrikin, but also our reformer

Bob Hawke will be remembered variously as Labor’s longest and Australia’s third-longest serving prime minister, as a union leader, and a larrikin.But most of all, he will be remembere...

Richard Holden, Professor of Economics, UNSW

Mineral wealth, Clive Palmer, and the corruption of Australian politics
Clive Palmer is reportedly spending A$70 million of his own money on his party’s campaign. How is it possible for one individual to command so much wealth and where did it come from? …
Election surprise. Negative gearing isn’t a rort — but something else is
Perhaps the most woefully misunderstood economic issue of the election campaign has been negative gearing.I’ve been baffled by the number of times I’ve read commentary by otherwi…
It's the only way to save Australia from a deep hole, but innovation policy is missing in action
Mining accounts for about half of Australia's exports. In terms of 'economic complexity', the nation ranks 59th in the world, between Kazakhstan and Lebanon. ShutterstockThree years ago, the…
Shock. More investment isn't necessarily better. Those instant asset write-offs are bad tax policy
Tax policy shouldn't result in the buying of new cars, unless they would have been bought anyway.Tookapic/PexelsThis is the final in a three-part series on the budget tax measures that began…
Real estate agents targeting tenants is the lowest of the low blows during election 2019
Real estate agents don’t decide rents, landlords do. ShutterstockThe lowest blow of this election campaign may have come from a firm of real estate agents that abused its position of t…
Cutting penalty rates was supposed to create jobs. It hasn't, and here's why not
Using a variety of statistical analyses, the authors have found no evidence of more employment in hospitality and retail because of reduced penalty rates.www.shutterstock.comAfter three year…
Danger. Election 2016 delivered us Robodebt. Promises can have consequences
Automating something that couldn't be automated is a promise that hurt.Shutterstock/thegreenhead.comCampaign promises can seem like so much noise and distraction; this morning’s announ…
Labor's idea of an Evaluator General could dramatically cut wasteful spending
Labor has promised to establish a new office of Evaluator General to oversee high-quality evaluations of government programs.Sven Mieke/UnsplashThe Australian federal government plans to spe…
who gets the imputation cheques Labor will take away?
Those who'll miss out the most have very high wealth.ShutterstockLabor is banking on about A$5 billion per year from ending the cash payment of company tax refunds to dividend holders who do…
Small, but well-formed. The new home deposit scheme will help, and it's unlikely to push up prices
It won't help enough, but it will get some people their keys.ShutterstockThe new First Home Loan Deposit Scheme announced the Coalition, and instantly backed by Labor, is likely to be popula…
The next government can usher in our fourth decade recession-free, but it will be dicey
We can't rely on consumer spending to keep us recession-free.ShutterstockIf we can avoid a recession for another two years, then on July 1, 2021 Australia will have recorded a record 30 yea…
The brutal truth on housing. Someone has to lose in order for first homebuyers to win
One set of policies acknowledges reality.ShutterstockOn housing, the contrast between the two major parties on housing couldn’t be clearer.The Coalition is still pretending that you ca…

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3 lessons from behavioural economics Bill Shorten's Labor Party forgot about

Going up. Monday showed what the market thinks of Morrison

'Do no harm' isn't enough. Why the banking royal commission will ultimately achieve little

Their biggest challenge? Avoiding a recession

for the best election predictions, look to the betting markets, not the opinion polls

economics isn't an end itself. There has to be a social benefit

Hawke was our larrikin, but also our reformer

Mineral wealth, Clive Palmer, and the corruption of Australian politics

Election surprise. Negative gearing isn’t a rort — but something else is

It's the only way to save Australia from a deep hole, but innovation policy is missing in action

Shock. More investment isn't necessarily better. Those instant asset write-offs are bad tax policy

Real estate agents targeting tenants is the lowest of the low blows during election 2019

Cutting penalty rates was supposed to create jobs. It hasn't, and here's why not

Danger. Election 2016 delivered us Robodebt. Promises can have consequences

Labor's idea of an Evaluator General could dramatically cut wasteful spending

who gets the imputation cheques Labor will take away?

Small, but well-formed. The new home deposit scheme will help, and it's unlikely to push up prices

The next government can usher in our fourth decade recession-free, but it will be dicey

The brutal truth on housing. Someone has to lose in order for first homebuyers to win

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