Would a corporate tax cut boost productivity in Australia? So far, the evidence is unclear
theconversation.com/would-a-corp...
theconversation.com/would-a-corp...
Would a corporate tax cut boost productivity in Australia? So far, the evidence is unclear
In Australia, it remains unclear why previous corporate tax reductions largely failed to generate investment.
theconversation.com
June 18, 2025 at 5:03 AM
Would a corporate tax cut boost productivity in Australia? So far, the evidence is unclear
theconversation.com/would-a-corp...
theconversation.com/would-a-corp...
Reposted by Zac Gross
This is so dope, well done @zacgross.bsky.social igross.github.io/cash-rate-fo...
Rate Outcome Probabilities by RBA Meeting
igross.github.io
April 30, 2025 at 2:30 AM
This is so dope, well done @zacgross.bsky.social igross.github.io/cash-rate-fo...
Reposted by Zac Gross
This, by @zacgross.bsky.social, is very smart take on how Albo should respond to the Trump tariffs open.substack.com/pub/gross/p/...
The Smart Way to Retaliate Against Trump’s Tariffs
Why make your own citizens pay, when you can make Big Pharma do it instead?
open.substack.com
April 3, 2025 at 7:56 AM
This, by @zacgross.bsky.social, is very smart take on how Albo should respond to the Trump tariffs open.substack.com/pub/gross/p/...
I was skeptical but it turns out cost of living subsides do affect underlying inflation rates!
The trimmed mean can still be substantially affected, but the weighted median is relatively unbiased
The trimmed mean can still be substantially affected, but the weighted median is relatively unbiased
Another excellent piece by @zacgross.bsky.social and why I will be looking at the weighted median when it comes out later today.
open.substack.com/pub/gross/p/...
open.substack.com/pub/gross/p/...
Which price is right?
How subsidies affect underlying inflation
open.substack.com
January 28, 2025 at 9:09 PM
I was skeptical but it turns out cost of living subsides do affect underlying inflation rates!
The trimmed mean can still be substantially affected, but the weighted median is relatively unbiased
The trimmed mean can still be substantially affected, but the weighted median is relatively unbiased
Reposted by Zac Gross
Another excellent piece by @zacgross.bsky.social and why I will be looking at the weighted median when it comes out later today.
open.substack.com/pub/gross/p/...
open.substack.com/pub/gross/p/...
Which price is right?
How subsidies affect underlying inflation
open.substack.com
January 28, 2025 at 9:06 PM
Another excellent piece by @zacgross.bsky.social and why I will be looking at the weighted median when it comes out later today.
open.substack.com/pub/gross/p/...
open.substack.com/pub/gross/p/...
Reposted by Zac Gross
A great read on estimating the NAIRU from
@zacgross.bsky.social #auspol #ausbiz #ausecon
gross.substack.com/p/in-nairu-w...
@zacgross.bsky.social #auspol #ausbiz #ausecon
gross.substack.com/p/in-nairu-w...
In NAIRU We Trust (But Verify)
The RBA has beefed up it's approach to the estimating full employment
gross.substack.com
January 5, 2025 at 10:38 PM
A great read on estimating the NAIRU from
@zacgross.bsky.social #auspol #ausbiz #ausecon
gross.substack.com/p/in-nairu-w...
@zacgross.bsky.social #auspol #ausbiz #ausecon
gross.substack.com/p/in-nairu-w...
There have been two economic charts going semi-viral— or at least what counts as viral for ABS statistics—in the past couple of weeks.
Both claim to show a dramatic fall in living standards in Victoria and Australia. Both are wrong.
gross.substack.com/p/mean-charts
Both claim to show a dramatic fall in living standards in Victoria and Australia. Both are wrong.
gross.substack.com/p/mean-charts
Mean Charts
On Wednesdays we calculate the median wage statistics
gross.substack.com
December 2, 2024 at 2:13 AM
There have been two economic charts going semi-viral— or at least what counts as viral for ABS statistics—in the past couple of weeks.
Both claim to show a dramatic fall in living standards in Victoria and Australia. Both are wrong.
gross.substack.com/p/mean-charts
Both claim to show a dramatic fall in living standards in Victoria and Australia. Both are wrong.
gross.substack.com/p/mean-charts
3 year terms often get criticised for undermining long term reform. But IMO lots of the legislation wouldn’t have passed this week if the non government parties didn’t have the impending election in mind…
November 30, 2024 at 10:18 PM
3 year terms often get criticised for undermining long term reform. But IMO lots of the legislation wouldn’t have passed this week if the non government parties didn’t have the impending election in mind…
Reposted by Zac Gross
In this working paper that was published today, Matthew Maltman and I review some of the economic evidence on the effects of ✨upzoning✨in Auckland in 2016.
tldr: We find remarkably robust evidence that upzoning led to more housing and lower rents in Auckland. Wow!
www.motu.nz/our-research...
tldr: We find remarkably robust evidence that upzoning led to more housing and lower rents in Auckland. Wow!
www.motu.nz/our-research...
November 25, 2024 at 6:18 AM
In this working paper that was published today, Matthew Maltman and I review some of the economic evidence on the effects of ✨upzoning✨in Auckland in 2016.
tldr: We find remarkably robust evidence that upzoning led to more housing and lower rents in Auckland. Wow!
www.motu.nz/our-research...
tldr: We find remarkably robust evidence that upzoning led to more housing and lower rents in Auckland. Wow!
www.motu.nz/our-research...
Reposted by Zac Gross
They should just rename vaccines “supplements” so everyone will like them.
November 24, 2024 at 9:13 PM
They should just rename vaccines “supplements” so everyone will like them.
The "inflation is turfing out governments everywhere" narrative is vastly overblown IMO.
1) We are talking about 7 data points. 7!
2) Inflation peaked in 2022/23, but there is no anti incumbent results then
3) It randomly excludes some elections where the incumbent party did better like Mexico!
1) We are talking about 7 data points. 7!
2) Inflation peaked in 2022/23, but there is no anti incumbent results then
3) It randomly excludes some elections where the incumbent party did better like Mexico!
November 19, 2024 at 10:20 AM
The "inflation is turfing out governments everywhere" narrative is vastly overblown IMO.
1) We are talking about 7 data points. 7!
2) Inflation peaked in 2022/23, but there is no anti incumbent results then
3) It randomly excludes some elections where the incumbent party did better like Mexico!
1) We are talking about 7 data points. 7!
2) Inflation peaked in 2022/23, but there is no anti incumbent results then
3) It randomly excludes some elections where the incumbent party did better like Mexico!
Another example of the RBA Board's wonky thinking.
They are right to be worried that they haven't done enough. But lending and asset prices are the wrong metric to assess that by. Persistently high inflation should be their yardstick!
They are right to be worried that they haven't done enough. But lending and asset prices are the wrong metric to assess that by. Persistently high inflation should be their yardstick!
November 19, 2024 at 2:30 AM
Another example of the RBA Board's wonky thinking.
They are right to be worried that they haven't done enough. But lending and asset prices are the wrong metric to assess that by. Persistently high inflation should be their yardstick!
They are right to be worried that they haven't done enough. But lending and asset prices are the wrong metric to assess that by. Persistently high inflation should be their yardstick!
@chrishewitt.bsky.social in light of recent events in the US what are the best last minute recastings of a movie lead?
July 25, 2024 at 9:54 AM
@chrishewitt.bsky.social in light of recent events in the US what are the best last minute recastings of a movie lead?
Australian inflation update!
A surprising monthly fall should take the December hike off the table. Hopefully it's a sign of things to come!
A surprising monthly fall should take the December hike off the table. Hopefully it's a sign of things to come!
November 29, 2023 at 12:48 AM
Australian inflation update!
A surprising monthly fall should take the December hike off the table. Hopefully it's a sign of things to come!
A surprising monthly fall should take the December hike off the table. Hopefully it's a sign of things to come!
November 27, 2023 at 3:14 AM
Removing the Treasurers ability to override the RBA doesn’t mean it will be completely independent.
Just that the override power will shift from the Treasurer to the Parliament as I explain here: gross.substack.com/p/everyone-l...
Just that the override power will shift from the Treasurer to the Parliament as I explain here: gross.substack.com/p/everyone-l...
November 26, 2023 at 11:16 PM
Removing the Treasurers ability to override the RBA doesn’t mean it will be completely independent.
Just that the override power will shift from the Treasurer to the Parliament as I explain here: gross.substack.com/p/everyone-l...
Just that the override power will shift from the Treasurer to the Parliament as I explain here: gross.substack.com/p/everyone-l...
Red hot inflation everywhere you look!
October 25, 2023 at 10:40 AM
Red hot inflation everywhere you look!
I play in an intramural sports comp on campus.
I used to think playing against a student I teach would be awkward.
Now I know the real nightmare is being referred by one. 😬
I used to think playing against a student I teach would be awkward.
Now I know the real nightmare is being referred by one. 😬
October 18, 2023 at 9:08 AM
I play in an intramural sports comp on campus.
I used to think playing against a student I teach would be awkward.
Now I know the real nightmare is being referred by one. 😬
I used to think playing against a student I teach would be awkward.
Now I know the real nightmare is being referred by one. 😬
@mattcowgill.bsky.social who is posting here? My timeline is very dry.
October 9, 2023 at 5:55 AM
@mattcowgill.bsky.social who is posting here? My timeline is very dry.