Wiley (Books and Journals)

• Australian Economic Review

For most of the last 15 years, Australia policy on climate change has been decidedly underwhelming, leaving us behind where we need to be to fulfil our obligations under the Paris Accord. But there are encouraging signs at present that there is an emerging consensus—amongst captains of industry, different levels of government, policy‐makers and everyday Australians—that we can achieve our...

• Australian Economic Review

Current trade patterns reflect the low cost of transporting carbon‐intensive fossil fuels. But renewable energy is expensive to transport. In a world moving to net‐zero emissions, Australia can capitalise on its abundant renewable energy resource to process and export green minerals and fuels. With the right policy settings, Australia could not only meet its own international commitments to reach

• Australian Economic Review

As a country with an abundance of renewable resources, Australia has an opportunity to emerge as a global leader in the production of green iron rather than simply extracting and exporting iron ore around the world. While it makes sense to do so in the changing geopolitical environment, and to assist in achieving our commitments to dramatically reduce our carbon emissions, this paper sheds light...

• Australian Economic Review

The decarbonisation of the Australian economy relies on the transition of the electricity grid from fossil fuel to renewable sources. In this paper, we briefly summarise the logic behind the design of the National Electricity Market, the market servicing 88% of the Australian population. We then explore the challenges facing the National Electricity Market during its transition and emphasise key...

• Australian Economic Review

Following the methodology of Beck et al. in 2001 and Levine in 2002, three relative indicators are constructed to measure China's financial structure at the provincial level and these indicators are applied to explore the current financial structure–economic growth nexus in the Chinese context. The ordinary panel regression model results indicate that different dimensions of financial structure...

• Australian Economic Review

As part of an ongoing review of Australia's Competition and Consumer Act (CCA) by Treasury, consideration is being given to removing the exemption from that law for conduct related to the labour market. This article considers whether there is sufficient justification to do so and, if so, how such conduct should be assessed under the CCA. No‐poach agreements are cartel conduct and other...

• Australian Economic Review

We analyse household telecommunications spending in Australia over the period 2006–2021 using Household Income and Labour Dynamics in Australia (HILDA) survey data. We find the affordability of telecommunications is improving, and that telecommunications spending behaves like other core necessities, such as food. We find households in which members are not employed, have relatively low education,

• Australian Economic Review

• Australian Economic Review

Australia is not on track to meet its obligations under the Paris Accord. How can action to achieve net zero be accelerated? Here, we apply the concept of ‘sensitive intervention points’ and consider six potential interventions that could have a disproportionate impact on Australia's progress: (i) a national plan to clarify direction; (ii) a national net‐zero authority to coordinate efforts; (iii)

• Australian Economic Review

In this article, I argue that shifts in the natural rate of interest provide important insights for the New Keynesian Phillips Curve (NKPC). The deviation of the real interest rate from the natural interest rate (interest rate gap) captures the monetary policy stance, which is important for the dynamics of inflation and the output gap in the wake of persistent and permanent variation in the...

• Australian Economic Review

The slope of the Phillips curve has been shown to be flatter in recent years, including in Australia. How does this impact the optimal targeting window for a central bank conducting an average inflation targeting policy? This article shows that, in the face of the flattening of the Phillips curve, it is desirable to increase the targeting window. Doing so would lead to lower inflation...

• Australian Economic Review

Four topics related to the operation of regulatory systems are considered. These concern the matters of dealing with globally sub‐optimal decisions made by regulators, the problem of specifying boundaries between groups of regulated entities in the application of regulation, dealing with a situation in which there are multiple regulators, and the alignment of regulation across jurisdictional...

• Australian Economic Review

• Australian Economic Review

Australia, like many other countries, experienced an unexpected surge in inflation following the COVID‐19 pandemic. This has renewed interest in the Phillips curve because of its important implications for monetary policy. We estimate the price Phillips curve in the post‐inflation targeting period using the most recent state‐level data. Identification relies on variation in regional demand that...

• Australian Economic Review

As the population increases, spending on publicly provided goods must also increase if there is congestion and governments want to maintain provision of the same level of benefit to everyone. This article estimates a parameter capturing this impact of congestion for the state and local component of the general government sector in Australia. It shows the congestion parameter is likely to be...

• Australian Economic Review

Since computer code has become elemental in current research it has become imperative that code should be written clearly and in good style. A program written in a clear, well‐written style is easier to debug and is more useful to those who may want to replicate your work, extend it, speed it up or borrow from it. Clearly, written code is also a useful tool in the training of future researchers....

• Australian Economic Review

Recent decades have seen substantial increases in wealth inequality; this is particularly troubling given the high persistence of this inequality across generations. Yet, we have surprisingly little understanding of how and why wealth is transmitted across generations. Is this persistence driven by innate biological differences across families? Or is it driven by growing up in a different...

• Australian Economic Review

Using Bayesian Structural Time Series analysis, this study examines the causal impact of loan‐to‐value (LTV) restrictions imposed by the Reserve Bank of New Zealand in October 2013. By incorporating state‐space components, such as local linear trend, seasonality and regression, counterfactual values of house price indices are predicted. Surprisingly, the study reveals that the implementation of...

• Australian Economic Review

• Australian Economic Review

• Australian Economic Review

• Australian Economic Review

With population ageing and increased longevity, Australia faces pressing policy issues on caring for older people. As Medicare turns 40, it is timely to assess how the system has been performing, and what changes are needed to modernise Medicare. This article examines the quality and efficiency of care using hospital administrative data. We find that the current system provides good quality and...

• Australian Economic Review

The debate over universal dental insurance in Australia has persisted since the mid‐1970s, as dental care was excluded from Medibank (the predecessor of Medicare) for political and economic reasons. Importantly, dental care expenses are often more predictable than other types of medical care, making insurance design more challenging. We provide an overview of proposals for public dental insurance

• Australian Economic Review

The health landscape has changed enormously since the introduction of Medicare 40 years ago. Not only have population health needs changed, the provision of health care has also evolved. A wider range of health practitioners with enhanced skills and competencies are ready and able to provide high‐quality primary health care. However, expecting the funding model introduced 40 years ago to be fit...

• Australian Economic Review

The past 40 years of Medicare have seen effective policy for reducing income‐related inequities in healthcare use. In this article, we describe how past and current Medicare policies have shaped, and continue to shape, healthcare access for other priority populations—Aboriginal and Torres Strait Islander peoples and LGBTIQ+ populations. Drawing on empirical evidence, we also document the...

• Australian Economic Review

• Australian Economic Review

As health care costs rise in Australia, the affordability of primary care and private health insurance (PHI) are critical concerns. Key questions include whether primary care should be free for all, and what role should PHI play alongside Medicare. The Government spends $6.7 billion on PHI rebates, yet these incentives have limited impact. The Government should reduce public support on PHI and...

• Australian Economic Review

Medicare is now 40 years old, but the blueprint was developed in the 1960s by John Deeble and Richard Scotton working at the Melbourne Institute. Starting with a desire to understand the Australian health system of the early1960s, Deeble and Scotton collected much information and data on the provision of health services and their financing. This led them to be highly critical of the health system

• Australian Economic Review

This article argues the importance of animal spirits throughout the economy in improving productivity performance. It overviews the idea of animal spirits and people's level of confidence in undertaking economic activity. It then notes a gap, a missing residual, in economists' efforts to understand productivity growth. Two well‐documented measures indicating animal spirits are the levels of...

• Australian Economic Review

The traditional break–fix model of healthcare, characterised by reactive interventions after the onset of diseases, is undergoing a significant transformation globally, including in Australia. This is occurring at the same time that revolutionary technologies such as artificial intelligence and precision prevention of disease are emerging. This article explores the imperative to transition from...