Research suggests the coronavirus pandemic's greatest impact is due to people changing their behaviour voluntarily. So we may be overestimating the costs of government restrictions.
Even as Victoria confronts a six-week shutdown in response to emerging coronavirus cases, other states are reopening. Policy responses must reflect the needs of the most vulnerable, say UNSW Business School’s Leisa Sargent and John Piggott.
The US is still an important market for Australia but ultimately an international multilateral-based trading system is better than the US having deals of managed trade around the world, says JW Nevile Fellow in Economics Tim Harcourt.
We judge the competency of politicians by what they say and do. This creates perverse incentives for even competent politicians to refuse to admit mistakes.
This recession is not like any other in living memory. Phase one involved a massive supply shock, phase two will involve dealing with a collapse in demand.
