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Articles from John Quiggin

Nitpicking on nominal GDP targeting

August 25, 2016 - 11:17 -- Admin

Writing in the AFR, economics correspondent Jacob Greber begins his discussion of the Xenophon proposal with the assessment “What a stupid idea”. Given that he is dismissing proposals with wide support in the economics profession (including economists as different as me and Warwick McKibbin in the Australian context) one would expect that he had a knockdown argument to present. In fact, he offers a valid, but minor nitpick and a string of confusions and errors.

Living longer

August 23, 2016 - 13:17 -- Admin

I’ve been invited to give a talk on the topic of challenges posed by an ageing population. This issue has been around ever since I can remember and, in a literal sense, it’s one I am pretty concerned about. Throughout my life I have, like the rest of the population, been aging at a rate of one year per year, and this poses plenty of challenges. On the other hand, as someone said recently, getting older may have its unpleasant aspects but it’s a lot better than the alternative.

Abandon inflation targeting while we still have time

August 22, 2016 - 16:47 -- Admin

Back in 2012, I wrote a piece arguing that Australia should abandon the policy of inflation rate targeting, and switch to one in which the target was the level of nominal GDP. As I argued then, inflation targeting is part of a package deal involving a number of propositions, most particularly
* Macroeconomic management should be left to an independent central bank

The relative sanity of Malcolm Roberts

August 11, 2016 - 13:59 -- Admin

Among other interesting results, the recent election gave a Senate seat to One Nation member Malcolm Roberts. Roberts is notable for his expressed belief that global warming is a fraud produced by a global conspiracy of bankers seeking to establish a worldwide government through the United Nations.

Unsurprisingly, Roberts has copped a lot of flak for these statements. But his position seems to me to be more credible than that of the average “sceptic”.

The relative rationality of Malcolm Roberts

August 11, 2016 - 13:59 -- Admin

Among other interesting results, the recent election gave a Senate seat to One Nation member Malcolm Roberts. Roberts is notable for his expressed belief that global warming is a fraud produced by a global conspiracy of bankers seeking to establish a worldwide government through the United Nations.

Unsurprisingly, Roberts has copped a lot of flak for these statements. But his position seems to me to be more credible than that of the average “sceptic”.

Can this census be saved?

August 10, 2016 - 14:49 -- Admin

It appears that, having crashed last night with only about 10 per cent of households having submitted data, the Census website is now off the air indefinitely. It’s hard for me to see how this exercise can be salvaged. Almost certainly, lots of people who tried and failed to fill in their forms last night will be unwilling to do so again, especially in the absence of any coherent explanation for the failure.

Sandpit

August 8, 2016 - 07:10 -- Admin

A new sandpit for long side discussions, conspiracy theories, idees fixes and so on.

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