Stronger, better-founded evidence about the nature and extent of the affordable housing problem may help build consensus about how to tackle it effectively. But the Abbott Government disbanded the National Housing Supply Council. Now the Opposition is talking about reinstating it. Hal Pawson (UNSW) and Oliver Frankel (UTS) why this may help.
Saturday, September 30, 2017
Wednesday, August 16, 2017
Coal-fired power is only cheaper than renewable energy where the capital cost of the plant is sunk. For new power facilities, renewables is already cheaper. A factcheck by Ken Baldwin (ANU) Dylan McConnell (Uni Melbelbourne) and Tony Wood (Grattan Institute)in The Conversation runs through the numbers.
Monday, June 12, 2017
The claim that Australia has gone twenty-six years without a recession is true, but only if you accept three assumptions. Unfortunately, none of them has any official or intellectual basis. Tim Colebatch explains in Inside Story that that economics has no accepted definition of a recession. In public debate, the gap has been filled by the silly measure journalists love to use: a recession occurs when seasonally adjusted GDP goes backwards for two quarters.
Project financing should minimise the level of public subsidy needed to deliver the project; and where risk is borne by the private sector, it should be transparently priced and deliver clear value for money for the taxpayer. Marion Terrill (Grattan Institute) explains.
Friday, May 19, 2017
Jim Minifie (Grattan Institute) checks, and Rodney Maddock (Monash University) reviews the Treasurer's claims that Australian banks have a return on equity about twice that of overseas banks. While they find that claim is true, its not because Australian banks are earning super profits - it's because the banks of the US and Europe were affected badly by the Global Financial Crisis and are still under-performing.
Tuesday, May 9, 2017
Extending capital gains taxation to cover annual improvements in land value would improve discourage housing speculation and improve housing affordability. Brian Feeney (University of Queensland) explains.