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The Australian Economy in 2022–23: Inflation and Higher Interest Rates in a Post-COVID-19 World 2022–23年的澳大利亚经济：2019冠状病毒病后世界的通货膨胀和更高的利率
IF 1 4区 经济学
Australian Economic Review Pub Date : 2022-12-29 DOI: 10.1111/1467-8462.12498
Sarantis Tsiaplias, Jiao Wang
{"title":"The Australian Economy in 2022–23: Inflation and Higher Interest Rates in a Post-COVID-19 World","authors":"Sarantis Tsiaplias,&nbsp;Jiao Wang","doi":"10.1111/1467-8462.12498","DOIUrl":"10.1111/1467-8462.12498","url":null,"abstract":"<p>Record levels of domestic and global stimulus during the COVID-19 pandemic years helped to mitigate largely unparalleled downside risks. Post-COVID-19, inflation surged in Australia due to overseas factors such as the war in Ukraine, and domestic factors such as COVID-related backlogs in the construction sector. To constrain inflation, the Reserve Bank shifted to a phase of aggressive monetary policy tightening in 2022. There are, however, cost of living ramifications associated with tighter monetary policy. Looking forward, there is significant uncertainty about the rate at which inflation will normalise, and the spending response of consumers to higher interest rates.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 1","pages":"5-19"},"PeriodicalIF":1.0,"publicationDate":"2022-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12498","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44970880","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}
引用次数: 1
Macroeconomic Implications of Changes in Corporate Tax Rates: A Review 企业税率变化的宏观经济影响:综述
IF 1 4区 经济学
Australian Economic Review Pub Date : 2022-12-13 DOI: 10.1111/1467-8462.12497
Sacchidananda Mukherjee, Shivani Badola
{"title":"Macroeconomic Implications of Changes in Corporate Tax Rates: A Review","authors":"Sacchidananda Mukherjee,&nbsp;Shivani Badola","doi":"10.1111/1467-8462.12497","DOIUrl":"10.1111/1467-8462.12497","url":null,"abstract":"<p>Many countries have initiated structural reforms in corporate income tax (CIT) to attract investment and promote growth. There has been a continuous decline in CIT rates worldwide. It is expected that cuts in CIT rates may increase after-tax profits and encourage investment. A change in the CIT rate may also be shifted backward (by changing salaries and wages) and/or forward (by changing product prices). These are theoretical possibilities and may not have support from empirical evidence. In this paper we review empirical studies to assess the impact of CIT rate changes on the economy.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 1","pages":"20-41"},"PeriodicalIF":1.0,"publicationDate":"2022-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46496602","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}
引用次数: 0
The Incomes of Visual Artists: Which Artists, What Income? 视觉艺术家的收入:哪些艺术家，哪些收入?
IF 1 4区 经济学
Australian Economic Review Pub Date : 2022-12-09 DOI: 10.1111/1467-8462.12495
Kate MacNeill, Jenny Lye, Grace McQuilten, Marnie Badham, Chloë Powell
{"title":"The Incomes of Visual Artists: Which Artists, What Income?","authors":"Kate MacNeill,&nbsp;Jenny Lye,&nbsp;Grace McQuilten,&nbsp;Marnie Badham,&nbsp;Chloë Powell","doi":"10.1111/1467-8462.12495","DOIUrl":"10.1111/1467-8462.12495","url":null,"abstract":"<p>We review a body of literature that addresses the incomes of visual artists and their participation in the labour market. It is clear that the level and composition of visual artists’ incomes varies widely, as does their engagement in different forms of employment. The lack of a consistent definition of an artist and a lack of consistency in income sources included in current data collection presents challenges for researchers. The focus of our research is on the economic status of visual artists in Australia, and we identify a number of considerations that might inform policy responses to their financial position.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"55 4","pages":"558-567"},"PeriodicalIF":1.0,"publicationDate":"2022-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12495","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42691632","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}
引用次数: 0
The Impacts of Land and Real Estate Price Fluctuations on Financial Stability: Evidence from China 土地和房地产价格波动对金融稳定的影响：来自中国的证据
IF 1 4区 经济学
Australian Economic Review Pub Date : 2022-12-09 DOI: 10.1111/1467-8462.12496
Jinsong Wang, Wenhui Wu, Yueqiao Li, Qiyuan Yang
{"title":"The Impacts of Land and Real Estate Price Fluctuations on Financial Stability: Evidence from China","authors":"Jinsong Wang,&nbsp;Wenhui Wu,&nbsp;Yueqiao Li,&nbsp;Qiyuan Yang","doi":"10.1111/1467-8462.12496","DOIUrl":"10.1111/1467-8462.12496","url":null,"abstract":"<p>We construct a provincial financial stability index, and use panel vector autoregression to construct a model for empirical testing. We find that local governments' reliance on land grant premiums amplifies the impact on financial stability. In addition, the relationship between the real estate market and the financial system allows real estate price fluctuations to significantly affect market participants, further impacting financial system stability. Finally, in the eastern region, land price fluctuations have a less adverse impact on financial stability, while in other regions, rising commodity real estate prices are the biggest threat to financial stability.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 1","pages":"42-60"},"PeriodicalIF":1.0,"publicationDate":"2022-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49532130","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}
引用次数: 0
Energy Disadvantage and Housing: Considerations Towards Establishing a Long Run Integrated Analysis Framework 能源劣势与住房:建立长期综合分析框架的思考
IF 1 4区 经济学
Australian Economic Review Pub Date : 2022-12-01 DOI: 10.1111/1467-8462.12494
Lavinia Poruschi, John Gardner
{"title":"Energy Disadvantage and Housing: Considerations Towards Establishing a Long Run Integrated Analysis Framework","authors":"Lavinia Poruschi,&nbsp;John Gardner","doi":"10.1111/1467-8462.12494","DOIUrl":"10.1111/1467-8462.12494","url":null,"abstract":"<p><i>The relationship between housing quality and energy disadvantage over the long run is a complex interaction of growing interest. This work navigates through conceptual definitions and datasets to highlight gaps in monitoring and evaluating energy disadvantage, particularly the role of housing in perpetuating or mitigating energy disadvantage. We find that in Australia there is no agreed-upon definition or metrics for energy poverty or energy hardship, nor a panel or longitudinal housing stock energy efficiency dataset and discuss options for remediating this</i>.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"55 4","pages":"530-540"},"PeriodicalIF":1.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12494","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43300649","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}
引用次数: 1
Fuel Poverty and the 2022 Energy Crisis 燃料贫困和2022年能源危机
IF 1 4区 经济学
Australian Economic Review Pub Date : 2022-11-30 DOI: 10.1111/1467-8462.12492
Paul Simshauser
{"title":"Fuel Poverty and the 2022 Energy Crisis","authors":"Paul Simshauser","doi":"10.1111/1467-8462.12492","DOIUrl":"10.1111/1467-8462.12492","url":null,"abstract":"<p>The Ukraine war has increased coal and gas prices during 2022. Consequently, spot prices in Australia's National Electricity Market rose from $75 to $225/MWh, year-on-year. Households are shielded from spot prices, but as energy retailer hedge contracts mature, they are replaced by higher cost contracts, and end-use retail tariffs will then rise. In this article, fuel poverty levels in Queensland are analysed. Model results forecast that fuel poverty rises from 6.8 per cent to 10.5 per cent of households. However, changes to energy concessions policy in 2016‒2017 materially enhanced horizontal and vertical efficiency, with successful targeting rising from 51 per cent to 69 per cent of vulnerable households.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"55 4","pages":"503-514"},"PeriodicalIF":1.0,"publicationDate":"2022-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12492","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47366026","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}
引用次数: 1
Energy Poverty: Measurement and Governance in Europe and Lessons for Australia 能源贫困:欧洲的测量和治理以及对澳大利亚的教训
IF 1 4区 经济学
Australian Economic Review Pub Date : 2022-11-24 DOI: 10.1111/1467-8462.12491
Sangeetha Chandrashekeran, Viktoria Noka, Stefan Bouzarovski
{"title":"Energy Poverty: Measurement and Governance in Europe and Lessons for Australia","authors":"Sangeetha Chandrashekeran,&nbsp;Viktoria Noka,&nbsp;Stefan Bouzarovski","doi":"10.1111/1467-8462.12491","DOIUrl":"10.1111/1467-8462.12491","url":null,"abstract":"<p>In Australia there is limited understanding of the scale and nature of energy hardship or poverty. Energy poverty remains a concept with no clear definition and therefore no clear objectives, targets, metrics for data collection nor institutions to monitor and report on. Europe, in the last decade, has gone from limited public recognition of, and policy action on, energy poverty, to now having sophisticated quantitative measurement and monitoring tools, and institutional governance arrangements that promote transparency and accountability. In this paper, drawing on the European experience, we focus attention upon the measures and indicators of energy poverty and discuss their advantages and disadvantages. We propose institutional options for understanding and tackling these problems in the context of Australia's energy transition.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"55 4","pages":"491-502"},"PeriodicalIF":1.0,"publicationDate":"2022-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12491","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47559158","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}
引用次数: 0
Empirical Evidence on the Incidence and Persistence of Energy Poverty in Australia 澳大利亚能源贫困发生率和持续性的经验证据
IF 1 4区 经济学
Australian Economic Review Pub Date : 2022-11-24 DOI: 10.1111/1467-8462.12493
Esperanza Vera-Toscano, Heather Brown
{"title":"Empirical Evidence on the Incidence and Persistence of Energy Poverty in Australia","authors":"Esperanza Vera-Toscano,&nbsp;Heather Brown","doi":"10.1111/1467-8462.12493","DOIUrl":"10.1111/1467-8462.12493","url":null,"abstract":"<p>Energy poverty is a temporary condition, yet a non-negligible share of the Australian population suffers persistent energy disadvantage. Using the Household, Income and Labour Dynamics in Australia (HILDA) survey, we observe that single individuals, single-parent households and those with a disabled household member are at high risk of persistent energy poverty. This is also true for non-working individuals and immigrants from non-English-speaking countries. Nevertheless, highly educated individuals, those living in metropolitan areas and homeowners are less likely to persistently experience energy poverty. Government investment in energy efficiency is crucial to reduce electricity bills and have healthier homes.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"55 4","pages":"515-529"},"PeriodicalIF":1.0,"publicationDate":"2022-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12493","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42625212","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}
引用次数: 1
The ATO Longitudinal Information Files (ALife): Individuals—A New Dataset for Public Policy Research ATO纵向信息档案(ALife):个人——公共政策研究的新数据集
IF 1 4区 经济学
Australian Economic Review Pub Date : 2022-11-15 DOI: 10.1111/1467-8462.12486
Thomas Abhayaratna, Andrew Carter, Shane Johnson
{"title":"The ATO Longitudinal Information Files (ALife): Individuals—A New Dataset for Public Policy Research","authors":"Thomas Abhayaratna,&nbsp;Andrew Carter,&nbsp;Shane Johnson","doi":"10.1111/1467-8462.12486","DOIUrl":"https://doi.org/10.1111/1467-8462.12486","url":null,"abstract":"<p>The Australian Taxation Office Longitudinal Information Files: Individuals (<i>ALife</i>: <i>Individuals</i>), is one of the most comprehensive tax administrative datasets in the world. The <i>ALife</i>: <i>Individuals</i> dataset, which currently covers the period 1990‒1991 to 2017‒2018, is based on a 10 per cent longitudinal sample of administrative unit-record personal income tax data. This new, high quality, longitudinal, de-identified, research-ready dataset is available to approved researchers through secure environments that safeguard taxpayers' information. The availability of <i>ALife: Individuals</i> opens exciting new possibilities for public policy research and evaluation that will improve understanding of taxpayer behaviour and support policy development and its administration.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"55 4","pages":"541-557"},"PeriodicalIF":1.0,"publicationDate":"2022-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12486","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137527863","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}
引用次数: 0
Heart Disease and The Economic Contributions of Elderly Men and Women: Evidence from Australia 老年男性和女性的心脏病和经济贡献:来自澳大利亚的证据
IF 1 4区 经济学
Australian Economic Review Pub Date : 2022-10-11 DOI: 10.1111/1467-8462.12489
Marie Ishida, Teralynn Ludwick, Ajay Mahal
{"title":"Heart Disease and The Economic Contributions of Elderly Men and Women: Evidence from Australia","authors":"Marie Ishida,&nbsp;Teralynn Ludwick,&nbsp;Ajay Mahal","doi":"10.1111/1467-8462.12489","DOIUrl":"10.1111/1467-8462.12489","url":null,"abstract":"<p><i>Macroeconomic forecasts and program evaluations of health service interventions are pessimistic about ageing populations, given their low work participation and high demand for social services. We estimate the impact of heart disease on paid work and the value of unpaid non-market activities of the Australian elderly, using Household, Income and Labour Dynamics in Australia (HILDA) data, finding significant losses in the value of their contributions to adult care and voluntary work. Impacts on non-market contributions of older women were more significant than for older men. A broader perspective on the value of the contributions made by the elderly is needed to enhance efficiency and (gender) equality</i>.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"55 4","pages":"461-476"},"PeriodicalIF":1.0,"publicationDate":"2022-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46012526","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}
引用次数: 0
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