Working Papers

2013 08

The G20 & the Triumph of Hope Over Experience

The Lowy Institute weighs up the prospects for the G20 Summit in St Petersburg:

Expectations of big outcomes on the economic agenda are low. Domenico Lombardi from the Center for International Governance Innovation said ‘The forthcoming G20 summit in Russia may, unlike previous summits, be an event with no immediate, significant deliverables’. It is a bleak assessment, particularly when it is so hard to point to many ‘immediate, significant deliverables’ from the last few summits…

Hopefully the situation will be different at the Brisbane G20 summit in 2014.

When it comes to Brisbane, I’m betting on experience rather than hope.

posted on 30 August 2013 by skirchner in Economics

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Scott Sumner Enjoyed His Time in Australia

Scott Sumner enjoyed his time in Australia, presenting at the Centre for Independent Studies’ Consilium conference on the Gold Coast and the Economic Society of Australia (New South Wales) in Sydney. You can read Scott’s account here.

Scott’s presentation covered similar ground to his article in the Winter issue of our journal Policy. I did a video interview with Scott that should be available soon. Watch this space.

Scott says some nice things about the Centre for Independent Studies in the post linked above. Many potential overseas speakers are reluctant to make what is admittedly a long trip to Australia. But take it from Scott, if you come to Australia, we will show you a good time!

One thing I learned as a result of my presentation at Consilium was that then Treasurer Jim Cairns offered the RBA Governorship to Charles Goodhart in the early 1970s (who wisely turned it down). This was quite possibly the only good idea Jim Cairns ever had. So there is at least some historical precedent for my long-standing suggestion for an internationally competitive process for filling senior positions at the RBA.

posted on 29 August 2013 by skirchner in Economics, Monetary Policy

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