Treasury

Andrew Leigh: silenced

Peter Martin - June 30, 2008 - 1:44pm

One of Australia's premier ecobloggers will be blogging no more - until next year.

Andrew Leigh is going to work for the Treasury as its Social Policy advisor for hte next six months.

In a similar manner to the former HSBC Financial Markets economist John Edwards who is working as its Financial Markets advisor.

The Treasury is hiring well. It is going to do good things.

Labor abondons full employment

Peter Martin - June 25, 2008 - 5:41pm

Labour market specialist and all-round macroeconomist Barry Hughes used to advise the former Treasurer Paul Keating and several state Labor Premiers.

He was part of the 1983 decision to float the Australian dollar, among many things other things. A decade before that he tutored me in economics.

He served on the Keating government's Working Nation inquiry which in the early 1990s recommended

Overdue. An inquiry into Australia's tax system.

Peter Martin - May 25, 2008 - 7:31pm

The inquiry is overdue. It might fix up disasters, like this, and this.

The critics of the new tax inquiry are wrong.

It's being headed by the right person.

Within months of joining the Treasury in 1984 the present Treasury head Ken Henry started work on the Hawke-Keating Labor government's draft White Paper on Tax Reform – the one that recommended a Goods and Services Tax.

In 1985 the

Dr Ken Henry's speeches are always worth a read

Peter Martin - May 20, 2008 - 10:02pm

Here is today's post-budget address delivered to the Australain Business Economists in Sydney.

He completely rejects the popular argument (endorsed by the Opposition) that interest rates and targeting can't be used to control inflation.

And he is none too pleased about the Coalition's "Soviet-style" approach to the use of prices.

Budget 08 - What to look out for tonight

Peter Martin - May 13, 2008 - 9:53am

The documents themselves will be here, at 7.30pm eastern time.

This site will have a good summary at that time.

Below the fold is the reading guide prepared by Shane Wright of the West Australian.

And below that is mine.

SHANE WRIGHT:

Wayne Swan is about to sit the toughest test of his political career. And you, voters and taxpayers, will be marking his examination paper.

Tomorrow’s

The Treasury Secretary takes a holiday

Peter Martin - June 27, 2008 - 9:13am

Ken Henry is taking five weeks holiday.

This is big news, according to this morning's Daily Telegraph.

"THE man at the helm of Australia's troubled economy will leave his post for nearly five weeks to look after a colony of endangered wombats.

Ken Henry, the Treasury Secretary, will miss an important Reserve Bank board meeting and be without a mobile phone as he ventures into remote Epping

Some people want to keep Ken Henry silent

Peter Martin - June 5, 2008 - 12:04pm

They are in the Coalition.

Maybe he needs a support group, like Paul Krugman's.

Australia’s most powerful bureaucrat has vowed not to stay silent in the face of an attack from the Opposition which has accused him of meddling in party politics.

In comments reported in the Canberra Times last month the Treasury Secretary Ken Henry was critical of his previous political masters, accusing the

Rate hikes: Just when you thought it was safe to go back into the water

Peter Martin - May 20, 2008 - 10:11pm

A further interest rate hike is back on the agenda following a surprise revelation that the Reserve Bank board discussed pushing up rates at this month's meeting and a call from the head of the Treasury for the Bank to take tough action against inflation.

The minutes of the Reserve Bank's May 6 board meeting released yesterday confirmed that, as had been believed, the Bank's executive

Budget 08: A rosy view..

Peter Martin - May 14, 2008 - 12:54am

...from the Treasury.

They’re an optimistic lot in the Federal Treasury.

Inflation, forecast by the Reserve Bank to climb to 4.25 per cent by June and then to 4.5 per cent by December not falling back to below to below 3 per cent until the end of 2010, is seen by the Treasury as hitting only 4 per and falling fairly swiftly thereafter.

The Treasury believes there will be no problems after