Pitch Engine
The Times Real Estate

.

The spending splurge matters, regardless of what modern monetary theory says

  • Written by Ross Guest, Professor of Economics and National Senior Teaching Fellow, Griffith University
The spending splurge matters, regardless of what modern monetary theory saysShutterstock

The Australian government is planning to spend A$190 billion to support the economy in response to COVID-19, according to the latest Parliamentary Budget Office estimate.

The total impact of COVID-19 on the government’s net debt, including both revenue impacts (down, because of less activity) and spending impacts (up because of...

Read more: The spending splurge matters, regardless of what modern monetary theory says

More Articles ...

  1. Vital Signs: Stamp duty is an economic drag. Here's how to move to a better system
  2. Politics with Michelle Grattan: two leading economists on Australia's post-COVID economy
  3. Forget JobSeeker. In our post-COVID economy, Australia needs a 'liveable income guarantee' instead
  4. The sun is setting on unsustainable long-haul, short-stay tourism — regional travel bubbles are the future
  5. UniSuper take note: there's no retirement on a dead planet
  6. Disagreeability, neuroticism and stress: what drives panic buying during the COVID-19 pandemic
  7. Be careful what you claim for when working from home. There are capital gains tax risks
  8. Teleworkability in Australia: 41% of full-time and 35% of part-time jobs can be done from home
  9. In praise of the office: let's learn from COVID-19 and make the traditional workplace better
  10. Cutting unemployment will require an extra $70 to $90 billion in stimulus. Here’s why
  11. No big bounce: 2020-21 economic survey points to a weak recovery getting weaker, amid declining living standards
  12. Qantas cutbacks signal hard years before airlines recover
  13. You've got (less) mail: COVID-19 hands Australia Post a golden opportunity to end daily letter delivery
  14. Vital Signs: why even competent politicians refuse to change policy course
  15. COVID-19 provides a rare chance for Australia to set itself apart from other regional powers. It can create a Pacific 'bubble'
  16. Mortgage deferral, rent relief and bankruptcy: what you need to know if you have coronavirus money problems
  17. COVID-19 has changed the future of retail: there's plenty more automation in store
  18. If we could design JobKeeper within weeks, we can exit coal by 2030. Here's how to do it
  19. The death of the open-plan office? Not quite, but a revolution is in the air
  20. Why China believed it had a case to hit Australian barley with tariffs
  21. Learning from experience: how our universities can turn the international student crisis into an opportunity
  22. Informal feedback: we crave it more than ever, and don't care who it's from
  23. Young women are hit doubly hard by recessions, especially this one
  24. Vital Signs: COVID-19 recession is different – and we need more stimulus to deal with it.
  25. Retail won't snap back. 3 reasons why COVID has changed the way we shop, perhaps forever
  26. Forced labour, sexual exploitation and forced marriage: modern slavery in Australia hides in plain sight
  27. Australia Post can't turn back. Here's why
  28. A question of trust: should bosses be able to spy on workers, even when they work from home?
  29. Watch yourself: the self-surveillance strategy to keep supermarket shoppers honest
  30. Vital Signs: why 'the marketplace for ideas' can fail – from an economist's perspective
  31. About that spare room: employers requisitioned our homes and our time
  32. Footy crowds: what the AFL and NRL need to turn sport into show business
  33. How to improve JobKeeper (hint: it would help not to pay businesses late)
  34. By sacking staff and closing stores, big businesses like The Warehouse could hurt their own long-term interests
  35. You better hope your work cleaner is one of the few who has time to do a thorough job
  36. Businesses get extension for instant asset write-off
  37. Economists back wage freeze 21-19 in new Economic Society-Conversation survey
  38. Sun, sand and uncertainty: the promise and peril of a Pacific tourism bubble
  39. Fast moves in India-Australia relations risk pushing millions more into modern slavery
  40. HomeBuilder might be the most-complex least-equitable construction jobs program ever devised
  41. After Robodebt, it's time to address ParentsNext
  42. Vital signs. Remembering Alberto Alesina, the father of political economy
  43. Scott Morrison’s HomeBuilder scheme is classic retail politics but lousy economics
  44. Brands backing Black Lives Matter: it might be a marketing ploy, but it also shows leadership
  45. Why even the best case for jobs isn't good. We'll need more JobKeeper
  46. How a tightening of wallets pushed Australia into recession
  47. Working from home remains a select privilege: it's time to fix our national employment standards
  48. Our needlessly-precise definition of a recession is causing us needless trouble
  49. Money for social housing, not home buyers grants, is the key to construction stimulus
  50. Australia's first service sector recession will be unlike those that have gone before it