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Articles from John Quiggin

Grading the Budget, or not

May 27, 2024 - 17:29 -- Admin

The Conversation asked economists about the budget. I thought the questions poorly framed.

Q: What grade would you give the budget, given Chalmers’ stated objective of “fighting inflation in the near term and then growth in the medium term”? A, B, C, D, E or F

My answer: An exclusive, or even primary, focus on a rapid return to an arbitrary inflation target represents a misconception of the role of fiscal policy.

I decline to offer a rating on this basis.