Would a corporate tax cut boost productivity in Australia? So far, the evidence is unclear theconversation.com/would-a-corp...
Would a corporate tax cut boost productivity in Australia? So far, the evidence is unclear
In Australia, it remains unclear why previous corporate tax reductions largely failed to generate investment.
theconversation.com
This, by @zacgross.bsky.social, is very smart take on how Albo should respond to the Trump tariffs open.substack.com/pub/gross/p/...
The Smart Way to Retaliate Against Trump’s Tariffs
Why make your own citizens pay, when you can make Big Pharma do it instead?
open.substack.com
I was skeptical but it turns out cost of living subsides do affect underlying inflation rates! The trimmed mean can still be substantially affected, but the weighted median is relatively unbiased
Mark Graph@mark-graph.bsky.social · 2y agoAnother excellent piece by @zacgross.bsky.social and why I will be looking at the weighted median when it comes out later today. open.substack.com/pub/gross/p/...
Another excellent piece by @zacgross.bsky.social and why I will be looking at the weighted median when it comes out later today. open.substack.com/pub/gross/p/...
Which price is right?
How subsidies affect underlying inflation
open.substack.com
There have been two economic charts going semi-viral— or at least what counts as viral for ABS statistics—in the past couple of weeks. Both claim to show a dramatic fall in living standards in Victoria and Australia. Both are wrong. gross.substack.com/p/mean-charts
Mean Charts
On Wednesdays we calculate the median wage statistics
gross.substack.com
3 year terms often get criticised for undermining long term reform. But IMO lots of the legislation wouldn’t have passed this week if the non government parties didn’t have the impending election in mind…
In this working paper that was published today, Matthew Maltman and I review some of the economic evidence on the effects of ✨upzoning✨in Auckland in 2016. tldr: We find remarkably robust evidence that upzoning led to more housing and lower rents in Auckland. Wow! www.motu.nz/our-research...
They should just rename vaccines “supplements” so everyone will like them.
The "inflation is turfing out governments everywhere" narrative is vastly overblown IMO. 1) We are talking about 7 data points. 7! 2) Inflation peaked in 2022/23, but there is no anti incumbent results then 3) It randomly excludes some elections where the incumbent party did better like Mexico!
Another example of the RBA Board's wonky thinking. They are right to be worried that they haven't done enough. But lending and asset prices are the wrong metric to assess that by. Persistently high inflation should be their yardstick!
@chrishewitt.bsky.social in light of recent events in the US what are the best last minute recastings of a movie lead?
Australian inflation update! A surprising monthly fall should take the December hike off the table. Hopefully it's a sign of things to come!
Removing the Treasurers ability to override the RBA doesn’t mean it will be completely independent. Just that the override power will shift from the Treasurer to the Parliament as I explain here: gross.substack.com/p/everyone-l...
I play in an intramural sports comp on campus. I used to think playing against a student I teach would be awkward. Now I know the real nightmare is being referred by one. 😬
@mattcowgill.bsky.social who is posting here? My timeline is very dry.
