Policymakers Sold Australia Short
I have an op-ed in today’s AFR arguing that the budget economic forecasts are the wrong benchmark to use in evaluating the effectiveness of fiscal stimulus. Full text below the fold (may differ slightly from edited AFR text).
Alan Mitchell’s column on the facing page is worth reading for its discussion of the relationship between the Rudd government and the Treasury Secretary. Mitchell argues that ambiguity about the nature of this relationship is undermining accountability for government policy.
posted on 13 October 2009 by skirchner in Economics, Financial Markets, Fiscal Policy
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