Unconventional policies can be used to alleviate — instead of exacerbate — inequality, something Canadians are clamouring for. The Bank of Canada needs to rediscover its former innovation zeal.
Instead of wage subsidy and business loan schemes, allowing households, workers and employers to borrow against future income could be more efficient and equitable in the long run.
Australia has a huge opportunity to design a recovery strategy that strengthens our resilience to future shocks and ensures the country’s long-term, sustainable prosperity.
The IMF wants government intervention on climate change. It’s now abundantly clear Australia’s climate policies are at odds with even the most conservative approach to economic management.
Former prime minister Paul Keating has launched an extraordinary attack on the Reserve Bank, accusing it of having “one of its dalliances with indolence”, and describing it as “the Reverse Bank”.
The fallout from COVID-19 for housing and homelessness just adds to the urgency of fixing the long-standing ills of the housing market. The well-being of Australia’s economy and people depends on it.