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Created
Thu, 01/12/2022 - 20:39

The Australia Institute today welcomes the passage of the Restoring Territory Rights Bill 2022, which will restore to the Territories the right to legislate for voluntary assisted dying laws. “The restoration of Territory Rights is a testament to the strength of representative democracy. The Australian Parliament should be commended for recognising that the citizens of

The post Passage of Territory Rights Bill Welcome appeared first on The Australia Institute.

Created
Thu, 01/12/2022 - 20:00
Marko Melolinna Input/output networks are important in propagating shocks in an economy. For understanding the aggregate effects of shocks, it is useful to know which sectors are central (ie, providing a lot of inputs to a lot of other sectors) and how the central sectors are affected by and propagate the shocks to other sectors. … Continue reading UK productivity puzzle – a production network perspective
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Thu, 01/12/2022 - 16:00
Data Extract issue 253 launches next week, so make sure your DWCA membership subscription is up to date so you don’t miss out! It features Lethbridge-Stewart in the Time War by Dom Kelly, more adventures with the Doctor’s neighbor at 78 Totters Lane by Roger Reynolds, Countdown by Tim Darby, the latest local group activity from around Australia and a look at how departing Doctors have handled leaving the show, with contributions from Anneke Wills, Tom Baker, Peter Davison, Janet Fielding, Nicola Bryant, Colin Baker, Sylvester McCoy and Camille Coduri. Plus an in depth timeline feature looking at Doctor Who… Continue reading
Created
Thu, 01/12/2022 - 10:00

For most of this year, the warnings and news about inflation have been one of hope for the best but experience the worst. Predictions of future inflation growth have continually been revised upwards and with it has been the suggestion that interest rates need to keep rising.

The post The Reserve Bank needs to watch that it doesn’t push the economy off a cliff appeared first on The Australia Institute.

Created
Thu, 01/12/2022 - 08:55

The Australia Institute surveyed a nationally representative sample of 1,001 Australians about their views on wages and cost of living between 1-4 November. The majority of Australians report that their wages have not kept up with the cost of living over the past 12 months. “This research shows most Australians feel like they are falling

The post 9 in 10 Believe It’s Governments Job to Ensure Wages Keep Up with Cost of Living: Research Polling appeared first on The Australia Institute.

Created
Thu, 01/12/2022 - 07:39


The Fed’s Inflation Mistake Continues

The Federal Reserve has been hellbent on raising interest rates to slow the economy. It’s a huge mistake.

You know who bears most of the pain of these rate hikes?

Most of the pain is borne by people who are already struggling to keep up with rising prices: lower-wage workers and the poor.

While the Fed has signaled that its interest rate increases might not be as drastic moving forward, the important thing to remember is that these hikes already fail to address a major driver of inflation — powerful corporations that are ratcheting up prices to pad their profit margins.

Created
Thu, 01/12/2022 - 02:00
The Federal Open Market Committee (FOMC) has increased the target interest rate by 3.75 percentage points since March 17, 2022. In this post we examine how corporate bond market functioning has evolved along with the changes in monetary policy through the lens of the U.S. Corporate Bond Market Distress Index (CMDI). We compare this evolution to the 2015 tightening cycle for context on how bond market conditions have evolved as rates increase. The overall CMDI has deteriorated but remains close to historical medians. The investment-grade CMDI index has deteriorated more than the high-yield, driven by low levels of primary market issuance.
Created
Thu, 01/12/2022 - 01:56
My Lords, the Chancellor’s Autumn Statement is designed to reassure the markets of the sustainability of the public finances. That is, the Chancellor accepts as binding the views of the City of London, whether they are right or wrong. It is what the markets think that matters, not how matters really are—a nice intrusion of … Continue reading Speech on the Autumn Statement 29 November 2022