economics

Labor Wage Hike To Accelerate Inflation, Punish Mortgage Holders And Small Business
16 May 2022

Labor Wage Hike To Accelerate Inflation, Punish Mortgage Holders And Small Business

Preliminary research released today by the Institute of Public Affairs has identified that a 5.1% wage hike as proposed by Labor leader Anthony Albanese could over the next twelve months: lead to a 2.25 percentage point increase to inflation, taking inflation from the current rate of 5.1% to 7.36%; push mortgage rates up by 57 basis points, taking the average
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Major Parties Fail To Understand The Impact of Net Zero On The Hunter
11 May 2022

Major Parties Fail To Understand The Impact of Net Zero On The Hunter

“Both major parties fail to understand the significant economic and social impacts that a policy of net zero emissions by 2050 will have on the Hunter’s workers and community,” said Daniel Wild, Director of Research at the Institute of Public Affairs. Today the Prime Minister is in the Hunter Valley where he announced $50 million in funding for research and
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Net Zero To Hammer The Hunter: Eraring Job Losses Up 40%
11 May 2022

Net Zero To Hammer The Hunter: Eraring Job Losses Up 40%

“The net zero emissions by 2050 target, supported by both major parties, will inflict irreparable economic and humanitarian damage on the Hunter Valley,” said Daniel Wild, Director of Research at the Institute of Public Affairs. New research released today by the Institute of Public Affairs, The employment consequences of the early closure of the Eraring power station, shows job losses
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IPA Touring The Hunter Valley Net Zero Impact Zone
10 May 2022

IPA Touring The Hunter Valley Net Zero Impact Zone

“The Hunter Valley is the canary in the coal-mine for what happens to communities when there is nothing left to replace the resources industry being shut down by net zero,” said Daniel Wild, Director of Research at the Institute of Public Affairs. Tomorrow, the Institute of Public Affairs will tour the Hunter Valley net zero impact zone to communicate its
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Labor’s Housing Plan: The Monster Is In The Detail
9 May 2022

Labor’s Housing Plan: The Monster Is In The Detail

In 2010, the then Rudd government introduced a 40 per cent tax on mining companies. The tax took the form of a virtual co-investment that saw the Commonwealth attempting to finance risky assets at the long-term government bond rate. It was economically illiterate and no doubt contributed to the demise of Rudd’s prime ministership. It seems there is a bit
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Australians Won’t Pay For Net Zero
3 May 2022

Australians Won’t Pay For Net Zero

“That a significant majority of Australians have again been found willing to pay little or nothing to cut emissions reinforces that support for net zero in the community is shallow and weak,” said Daniel Wild, Director of Research at the Institute of Public Affairs. A survey conducted by Resolve Strategic for The Sydney Morning Herald and The Age released today
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Lockdowns Hit Low-Income Australians Hardest
6 March 2021

Lockdowns Hit Low-Income Australians Hardest

New research released today by free market think tank the Institute of Public Affairs has found that the bottom fifth of income earners saw over half a million jobs disappear because of lockdowns, while the top fifth of income earners saw jobs increase by nearly 200,000. “Low-income earners, private sector workers, and young Australians, have been disproportionately affected while public
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Interest On Australia’s Massive Debt To Cost $64 Billion Per Year By 2030
18 February 2021

Interest On Australia’s Massive Debt To Cost $64 Billion Per Year By 2030

Interest payments on Commonwealth debt could become the third-largest spending item in just 10 years, behind only health and income support for seniors, according to new research from free market think tank the Institute of Public Affairs. The interest payment on debt could consume 7.5% of the Commonwealth Budget and cost $64.1 billion by 2030-31. “High and growing levels of
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Many People Have Nothing To Celebrate On The Economic Front In 2021
28 December 2020

Many People Have Nothing To Celebrate On The Economic Front In 2021

One might think animal spirits had gripped the Australian economy as a flurry of better-than-expected economic figures hit the newsstands before Christmas. But Australians cannot let the political and bureaucratic class off scot-free for the devastation they have caused in 2020, or for their unwillingness to engage in serious reform which will underpin our future prosperity. The Australian Bureau of
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The Reserve Bank’s Great Gamble On Interest Rates
19 October 2020

The Reserve Bank’s Great Gamble On Interest Rates

The fiscal path outlined in the federal budget will constrain monetary policy and undermine the stability of the Australian economy. The Reserve Bank of Australia will be forced to pursue expansionary monetary policy that will leave it impotent in the event of future economic headwinds.   The RBA’s decade-long experiment with record low interest rates has created an economy that is dependent on low
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