From This Author
As Australia’s economy emerges from recession in 2020, universal basic childcare is a no-brainer when it comes to stimulating growth and productivity, says UNSW Business School
Inflation, interest rates and booming mining royalties give the Morrison government scope to ignore the deficit daleks, writes UNSW Business School's Richard Holden
Greater diversity doesn't necessarily equal better performance, and organisations still have to be mindful of how diversity is managed in order to improve performance, writes UNSW Business School's Richard Holden
Private-sector incentives don’t lead to the best outcomes when an organisation such as Australia Post needs to balance a hard-to-measure social mission with a relatively easy-to-measure corporate mission, writes UNSW Business School's Richard Holden
Failing to address skyrocketing housing prices risks the future of young Australians and the financial system, writes UNSW Business School's Richard Holden
While there has been plenty of justified criticism of the financial sector in recent years, new and better financial products can help small-time investors, writes UNSW Business School's Richard Holden
We must rethink the political and ideological factors that have led to inequality in order to achieve a new era of economic justice, says French economist Thomas Piketty
For an orderly transition away from fossil fuels, Australia needs a carbon price to replace its hodgepodge of clumsy government interventions, writes UNSW Business School's Richard Holden
The RBA will win whatever battle it chooses to fight because, unlike traders, it can create as many Australian dollars as it needs in order to buy as many bonds as it needs, writes UNSW Business School's Richard Holden
The Biden administration’s stimulus package has been criticised as unncessarily large, but it's better to run the risk of spending too big rather than too small, writes UNSW Business School's Richard Holden
Australia's economic recovery from COVID-19 depends on government spending and how quickly we get the vaccine, writes UNSW Business School's Richard Holden
Australia's economy still needs all the support it can get, which means the Reserve Bank should stick to its guns and keep interest rates low, writes UNSW Business School's Richard Holden
Joe Biden's middling economic policies offer a chance to cut through the bitter polarisation of US politics, writes UNSW Business School's Richard Holden
A great measure of skill on the part of government policy (and a good dose of luck) helped Australia avoid a COVID catastrophe in 2020, writes UNSW Business School’s Richard Holden
The next US Treasury Secretary – widely tipped to be Janet Yellen – will take office with the US in the worst economic shape since the Great Depression, writes UNSW Business School’s Richard Holden
Australia needs to take bigger steps towards a cleaner and greener economy, and it can do so without disadvantaging exporters, writes UNSW Business School's Richard Holden
Monetary and fiscal authorities should use all the firepower at their disposal to avoid ongoing unemployment rates of 5.5 per cent, writes UNSW Business School's Richard Holden
Just because a tech company has a big share of the market doesn't mean it has the power to keep it, writes UNSW Business School's Richard Holden
It makes sense for Australia to take a more strategic approach to manufacturing certain equipment, even if producing these goods locally is not as efficient as buying them from overseas, writes UNSW Business School’s Richard Holden
By not bringing phase 3 tax cuts forward in its federal budget, the government risks waiting too long to begin the task of serious tax reform, writes UNSW Business School’s Richard Holden
Making Google and Facebook pay Australian news publishers might be good politics, but it is odd economics, writes UNSW Business School's Richard Holden
50 years ago Milton Friedman declared that greed was good, but there was always more to the story – as well as making profits firms hold the unique power to achieve social objectives, writes UNSW Business School's Richard Holden
The current recession is an unusually deep one, and digging out of it will require first containing and defeating the virus followed by significant spending in addition tax cuts, writes UNSW Business School's Richard Holden
Australia's higher education sector needs significant reform to remove the perverse incentives that have made universities dependent on revenue from international students, writes UNSW Business School's Richard Holden
With the resignation of key board members from AMP, UNSW Business School's Richard Holden says company shareholders looking to achieve socially optimal goals need to speak up and be heard
With the Reserve Bank Australia having exhausted the limits of monetary policy, now is the time for the government to step up – like reducing imposts on business by lowering taxes, writes UNSW Business School's Richard Holden
COVID-19 induced lockdowns have reduced the amount of time most workers spend in meetings but increased their working hours, writes UNSW Business School's Richard Holden
Profound confusion about the economic cost of the coronavirus compared to the economic cost of lockdowns needs to be cleared up, writes UNSW Business School's Richard Holden
It's time to reform stamp duty – one of the most inefficient and distorting taxes collected by Australia's state and territory governments, writes Richard Holden
Policy responses to the current economic crisis must be different to past responses as fiscal contraction may simply make a recession worse, writes UNSW Business School's Richard Holden
Australia has a once-in-a-lifetime opportunity to rebuild the economy, but the government must reform six key areas if it is to kickstart the post-coronavirus economic recovery, according to UNSW Business School's Richard Holden
Australia’s industrial relations system needs reform but it won’t happen without the key players agreeing to it themselves, writes UNSW Business School’s Richard Holden
The economic costs associated with the COVID-19 shutdown don't accurately factor in the real statistical value of people's lives, according to UNSW Sydney’s Richard Holden and University of Melbourne’s Bruce Preston
The government is providing stimulus on a scale hitherto unseen and could introduce “COVID bonds” to stimulate spending and growth, according to UNSW Business School's Richard Holden and University of Sydney's James Morley
The Federal Government’s JobKeeper program requires a bigger revolution in our national thinking about debt and deficits, writes Richard Holden
With the Reserve Bank cutting interest rates to record lows, the government has an opportunity to make smart investments that will pay huge dividends, writes Richard Holden
The same technological forces that make the Wuhan Coronavirus outbreak a global concern are also key to managing the crisis response, writes Richard Holden
A decade on from the GFC, it appears the economic hangover is still with us. UNSW Business School economics professor Richard Holden explains the situation to Julian Lorkin for BusinessThink.
Australia's central bank will meet again to consider a move in interest rates, and is tipped to cut the cash rate to a record low 1.25 per cent. At least one further reduction is expected over coming months. An academic from UNSW Business School argues that a sharp cut in interest rates is needed to give a boost to the economy. However, he adds APRA’s planned cuts to lending rules may re energise the housing market more.
A carbon tax plan to aid climate change doesn't need loopholes or incentives to get handouts from the government, write UNSW Business School's Richard Holden
The Committee for Economic Development of Australia (CEDA) has released a report titled 'Australia's Place in the World', which considered how Australia should respond to changing attitudes to globalisation
Treasurer Scott Morrison used to like to say Australia “doesn’t have a revenue problem, we have a spending problem”. It turns out this sentiment was true in 2016.
The Treasurer, Scott Morrison, got a little unexpected positive pre-Budget news with upbeat reporting of Tuesday's Reserve Bank of Australia decision to do ... nothing.
I’ve always thought all businesses capable of creating jobs and wealth, regardless of their size. There’s certainly no economic theory that suggests big businesses can’t.
Earlier this year, during the Prince Phillip knighthood debacle (dubbed #knightmare by Twitter), we speculated how Tony Abbott could make Malcolm Turnbull his treasurer, in place of the hapless Joe Hockey, and thereby save his prime ministership.
Last week, the man who led Greece to the brink of financial Armageddon, Alexis Tsipras, was returned to power in Greek elections. Is it a case of 'Here we go again'?
In his victory speech on election night last September, Prime Minister Tony Abbott declared Australia was “under new management and … once more open for business”.
National Australia Bank’s business confidence index jumped from 3 to 7 points this week, a nine-month high coming on the back of this year’s federal budget. The ANZ-Roy-Morgan consumer confidence index also rose after the budget.