From the time Lehman Brothers filed for bankruptcy last September, most politicians and public servants have been busy trying to contain the damage of the global economic crisis, without paying much attention to the economic order that may emerge in… more
An extract from the UK’s New Economics Foundation on creating economic recovery ‘From the ashes of the crash’.
One of Australia’s least fair and least effective forms of public investment is still growing like topsy. In this paper for the Centre for Policy Development Dr Ben Spies-Butcher and Adam Stebbing uncover Australia’s hidden welfare state.
High risk financial activities are not sustainable, writes Joe Nagy, in this review of the lead-up to last year’s meltdown: “The recent global financial meltdown began in America and spread far beyond its borders. It produced a crisis of confidence… more
Monetary policy should orient itself towards stability and take into account the recent precedents to the Global Financial Crisis, writes Imogen Halstead: “The Asian Financial Crisis and the dot.com boom and bust ignited great debate on the conduct of monetary… more
In the wake of the global financial crisis, a rethink of our ideas about money and interest is overdue, writes Shann Turnbull: “The financial system and the economy need to be remade if President Obama is to “Remake America” as… more
In view of the Madoff scam, is it time to adjust our thinking towards our financial regulators, asks James Murray and Wilson Sy: Many people expect financial regulatory agencies (regulators) to protect them from unethical actions in the markets. They… more
In this edition: Image: Wordle
In this paper CPD fellow Ian McAuley outlines the main implications of behavioural economics for financial decision-making, breaking down the myth that market participants are always rational decision-makers who act to maximise their own best interests.