Tagged with Professor Tony Makin

Indonesian officials learn about Australian fiscal policy

Department of Accounting, Finance and Economics
Published AuthorContributed
A member of both APEC and the G20, Indonesia has the largest economy in South East Asia which, since the Global Financial Crisis, has experienced strong sustained economic growth around five per cent. With a population over 260 million, more than ten times Australia’s, Indonesia is the world’s third largest democracy. In 2017-18 Australia will […]

As the mining boom wanes, Australia pivots to services

Griffith Asia Institute
Published AuthorBelle Hammond
Tony Makin, Griffith University In this ‘Economy in transition’ series, we explore the new economy facing Australia and the opportunities available to help the country shift from a minerals-led powerhouse, to a smart competitor in emerging global sectors. Today, we look at the sectors expected to lead Australia’s “pivot” from mining. It’s no secret the […]

Economic irrationalism has guided policies of the il-literati

Griffith Asia Institute
Published AuthorContributed
“It’s rare to hear the term economic rationalism these days, a phrase used often in the past to dismiss policy initiatives aimed at improving productivity and economic growth, such as dismantling trade barriers, introducing competition policy, decentralising the labour market, liberalising foreign investment and privatising state assets.” Prof Tony Makin writes an opinion piece for […]

Tighter budgetary policy now needed

Clippings of words and numbers related to interest rates, including mortgage rate.
Department of Accounting, Finance and Economics
Published AuthorStephen O'Grady
A budget squeeze could be on the cards next week, after the Reserve Bank of Australia’s decision this week to cut interest rates to a record 2.75% low. That’s the view of Griffith University Professor of Economics, Tony Makin, who believes the treasurer must move to curb the effect of the strong Australian dollar. “The […]

Rate cut a must for ‘flat-lining’ economy

Department of Accounting, Finance and Economics
Published AuthorStephen O'Grady
Today’s interest rate cut to a record low has been welcomed by Griffith University Professor of Economics, Tony Makin, who described it as a necessary move. “An interest cut is necessary as the non-mining economy is flat-lining in large part due to the strong dollar,” Professor Makin said. The Reserve Bank of Australia cut the […]