Jeff Borland, Peter Dawkins, Ross Garnaut, Isaac Gross, Warren Hogan, Michael Keating, Guay Lim, Peter Tulip, David Vines, Elizabeth Webster
{"title":"Should the Reserve Bank Cut Interest Rates?","authors":"Jeff Borland, Peter Dawkins, Ross Garnaut, Isaac Gross, Warren Hogan, Michael Keating, Guay Lim, Peter Tulip, David Vines, Elizabeth Webster","doi":"10.1111/1467-8462.12587","DOIUrl":"https://doi.org/10.1111/1467-8462.12587","url":null,"abstract":"<p>Nine leading economists acknowledge that the state of the labour market is currently the critical factor determining price inflation and, consequently, the decision to adjust the cash rate. The main point of contention is how high unemployment, and other measures of labour surplus, need to be, to ensure wages do not fuel further inflation. Five economists agree that current conditions (January 2025) are not stimulating inflation and delaying a rate cut could risk a low growth, low productivity outcome; two have a conditional view, and two would like to see rates maintained.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"58 1","pages":"16-20"},"PeriodicalIF":1.0,"publicationDate":"2025-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12587","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143565263","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Academic Job Market for (Financial) Economists","authors":"Paul Kofman","doi":"10.1111/1467-8462.12590","DOIUrl":"https://doi.org/10.1111/1467-8462.12590","url":null,"abstract":"<p>These notes reflect a panel discussion on the job markets for Australian PhDs on the occasion of the 2024 PhD Conference in Economics and Business. The author is grateful for the comments by Professor Ken Clements, moderator of the panel and cofounder of the PhD Conference start with a personal reflection on the job market for PhDs in Economics and Finance. We take a closer look at today's academic job market conditions and draw comparisons with the job market conditions in the corporate, public and not-for-profit sectors. We then consider the selection criteria adopted by the recruiters. Followed by advice on how to successfully navigate the academic job market, how to avoid common mistakes, and how to find the perfect match between a candidate and a recruiting school.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"58 1","pages":"48-52"},"PeriodicalIF":1.0,"publicationDate":"2025-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12590","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143565295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Economic Consulting as a Career for Economics PhDs","authors":"Jerome Fahrer","doi":"10.1111/1467-8462.12591","DOIUrl":"https://doi.org/10.1111/1467-8462.12591","url":null,"abstract":"<div>\u0000 \u0000 <p>This article is about careers for economics PhDs in the economic (or economics and policy) consulting industry in Australia. It draws on the author's experience, himself an economics PhD with 30 years of experience in the industry at ACIL Allen.</p>\u0000 </div>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"58 1","pages":"57-60"},"PeriodicalIF":1.0,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143565317","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Effect of Reading and Writing Assistance on Receipt of Disability Support Pension","authors":"Nary Hong","doi":"10.1111/1467-8462.12585","DOIUrl":"https://doi.org/10.1111/1467-8462.12585","url":null,"abstract":"<div>\u0000 \u0000 <p>This study investigates the impact of receiving reading and writing assistance on Disability Support Pension (DSP) receipt in Australia, focusing on disabling conditions not associated with age-specific manifestations. Analysis indicates a significant 21%–29% increase in DSP likelihood with reading and writing assistance, consistent across various specifications. Moreover, using an instrumental variable approach that distinguishes individuals by younger disability onset ages, indicative of potentially lower levels of education, yields a stronger reading and writing assistance effect. This suggests that the assistance increases the likelihood of receiving DSP by influencing discrepancies in reading and writing competencies at the juncture of disability onset.</p>\u0000 </div>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"58 2","pages":"91-108"},"PeriodicalIF":1.0,"publicationDate":"2025-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144245167","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Disentangling Timing Uncertainty of Event-Driven Connectedness Among Oil-Based Energy Commodities","authors":"Evžen Kočenda, Daniel Bartušek","doi":"10.1111/1467-8462.12583","DOIUrl":"https://doi.org/10.1111/1467-8462.12583","url":null,"abstract":"<p>Reported news events frequently influence the pricing dynamics of oil-based commodities. We analyse almost 900 oil-related events from 1987 to 2022, categorising them based on recurring characteristics. We quantify dynamic connectedness among energy commodities and apply a novel bootstrap-after-bootstrap testing procedure to identify 21 statistically significant historical events that triggered abrupt and enduring increases in volatility connectedness. Geopolitical events are more consistently associated with elevated connectedness than economic events, while natural events do not exhibit a similar impact. Events share prevailing characteristics: their negativity, unexpected nature and the introduction of concerns about oil supply shortages.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"58 2","pages":"65-90"},"PeriodicalIF":1.0,"publicationDate":"2025-01-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12583","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144244347","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Can Australia be a Renewable Energy Superpower?","authors":"Ingrid Burfurd","doi":"10.1111/1467-8462.12582","DOIUrl":"https://doi.org/10.1111/1467-8462.12582","url":null,"abstract":"<p>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 net-zero carbon emissions by 2050, but it could make a significant contribution to the global reduction in emissions, and prosper in the process.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"57 4","pages":"401-412"},"PeriodicalIF":1.0,"publicationDate":"2024-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12582","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143252832","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Kimathi Muiruri, Anna Skarbek, Penny Mealy, Cameron Hepburn
{"title":"Sensitive Intervention Points for Australia's Transition to Net-Zero Emissions","authors":"Kimathi Muiruri, Anna Skarbek, Penny Mealy, Cameron Hepburn","doi":"10.1111/1467-8462.12580","DOIUrl":"https://doi.org/10.1111/1467-8462.12580","url":null,"abstract":"<p><i>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) support for a set of nationally significant projects in particular places; (iv) an industrial policy response akin to the US IRA; (v) a standard for the construction industry; and (vi) a requirement that companies develop net-zero plans. Individually and collectively, we argue that they could plausibly accelerate Australia's trajectory to net-zero emissions</i>.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"57 4","pages":"387-400"},"PeriodicalIF":1.0,"publicationDate":"2024-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12580","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143252928","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Do Gender Differences in Mental Health Contribute to Gender Differences in Physical Health? An Instrumental Variables Approach","authors":"Vasileios Zikos","doi":"10.1111/1467-8462.12581","DOIUrl":"https://doi.org/10.1111/1467-8462.12581","url":null,"abstract":"<div>\u0000 \u0000 <p>Existing research indicates that gender disparities in mental health contribute to gender disparities in physical health. However, the observed relationship might be driven by the endogeneity of mental health. By combining high-quality panel data with standard estimation techniques, we initially confirm the previous findings. In contrast, when we account for the endogeneity of mental health using the death of a relative and the death of a spouse as instruments, we observe a change in the existing result. Although the positive and significant impact of mental health on physical health persists, the disparity between women and men becomes negligible.</p>\u0000 </div>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"58 1","pages":"21-32"},"PeriodicalIF":1.0,"publicationDate":"2024-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143565352","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Geoffrey Brooks, Paul H. Jensen, Stephen Petrie, Elizabeth Webster
{"title":"Can Australia Become a Green Iron Powerhouse?","authors":"Geoffrey Brooks, Paul H. Jensen, Stephen Petrie, Elizabeth Webster","doi":"10.1111/1467-8462.12578","DOIUrl":"https://doi.org/10.1111/1467-8462.12578","url":null,"abstract":"<p>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 on the complex technical and economic arguments for the creation of a green iron industry here in Australia. We argue that targeted government intervention coupled with industry commitment to transforming the sector could realistically result in the emergence of a nascent green iron industry in the medium term.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"57 4","pages":"413-421"},"PeriodicalIF":1.0,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12578","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143253127","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Decarbonising the Australian Economy Introduction","authors":"Paul H. Jensen, Beth Webster","doi":"10.1111/1467-8462.12579","DOIUrl":"https://doi.org/10.1111/1467-8462.12579","url":null,"abstract":"<p><i>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 ambitions to live in a world that is far less reliant on carbon</i>.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"57 4","pages":"384-386"},"PeriodicalIF":1.0,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12579","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143253126","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}