Productivity

“Revolutionary technology” doesn’t boost productivity, profits or returns. Speculators in AI and crypto are the latest to delude themselves.

Strong unit labour costs risk delaying the return of inflation to the 2-3% target band

Arguably the most significant lesson is that future Governors should intervene with monetary policy far less than he did.

Businesses appear focused on paying shareholders rather than building new equipment/technology, creating a productivity/inflation problem.

Key Points: ‍• Productivity growth in advanced economies has been lacklustre since the Financial Crisis, which, alongside ageing populations has led to lower potential...

Philip Lowe’s recent comments on the impacts of migration were basic economic analysis but hit a raw nerve for those invested in Australia’s population Ponzi scheme....

One of the most annoying and destructive narratives from mainstream economists in the last decade has been that government debt doesn’t matter. It’s commonly trotted...

It is often said that the most dangerous words in finance and economics are that “this time is different”. I strongly agree with the sentiment, but it is best viewed...

The "recovery" of Australia’s economy from last year’s plunge into recession is much more apparent than real. Before the pandemic, deep-rooted and growing impediments...

Governments the world over have been lamenting the lack of productivity growth for the last 15 years. In Australia this has been somewhat masked by our enormous...

The RBA’s description of its monetary policy mandate states that it “has a duty to maintain price stability, full employment, and the economic prosperity and welfare...

Most of the time only a few things really matter with respect to the outlook for the global economy. If one can work out what those key debates are, and how they...