Ross Gittins

Ross Gittins

Ross Gittins is economics editor of the SMH and an economic columnist for The Age. His books include Gittins' Guide to Economics, Gittinomics and The Happy Economist.
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Why slow economic growth may be lasting

Ross Gittins The macro managers' long-standing belief that the economy's "trend" rate of growth is 3 per cent a year or a fraction more has been challenged by the Bureau of Statistics' labour force estimates...

The Productivity Commission's figures and the good news they didn't want us to know

Ross Gittins

Ross Gittins Rummaging through the media's rubbish bins this week, I happened upon some good news. According to the Productivity Commission's annual update, the productivity of labour improved by 1.

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Tax reform push doesn't add up

<i>Illustration: Michael Mucci</i>

Ross Gittins The parties divide on tax because there's no issue where the two sides' continuation of class warfare is more apparent

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Time to get the economics of environment right

Ross Gittins

Ross Gittins You get the feeling Tony Abbott doesn't lie awake at night worrying about what our economic activity is doing to our natural environment.

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Lower dollar boosts services exports

Ross Gittins

Ross Gittins Every smarty knows that the economic turmoil in Greece and China must spell bad news for us, so when the turmoil caused the Aussie dollar to fall below US75¢, this was obviously the start of the...

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Rise in employment all part of the service sector

Ross Gittins

Ross Gittins While we're busy scaring ourselves silly with the Greek crisis and China's crash, forgive me for intruding with some good news.

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How population growth can make us worse off

Ross Gittins

Ross Gittins Increasing the population while leaving our stock of household, business and public capital unchanged, dilutes that capital. Lower immigration would help reduce a lot of our economic problems.

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World less scary when you look behind the news

Ross Gittins

Ross Gittins The question is whether we're capable of absorbing all the bad news delivered to us without unconsciously deciding the world is much worse than it actually is.

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Debt-and-deficit brigade may bring us down

Ross Gittins dinkus

Ross Gittins If the economy runs out of steam in the next year or two – and maybe even falls backwards – with unemployment climbing rapidly, there'll be plenty to share the blame: federal and state...

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IMF research confirms paying more to the poor will build the economy

Ross Gittins

Ross Gittins Economists insisting that governments have to choose between equality or growth aren't keeping up with their reading.

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Don't believe that Tony Abbott stands for lower taxes

Ross Gittins

Ross Gittins Tony Abbott did so well at the last election with his scare campaigns against the carbon tax and the mining tax it seems he thinks his best chance of re-election is another scare campaign on tax.

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Has monetary policy lost its power?

Ross Gittins

Ross Gittins Perhaps the biggest question in macro-economic management today is whether monetary policy has lost most of its power to get the economy moving. To many of us the answer seems obvious.

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Our new charter of budget dishonesty

Ross Gittins

Ross Gittins The federal budget papers are littered with tricks and loopholes to keep voters in the dark

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There is more work around but less well-being

Ross Gittins Anyone who's sure they know what's happening in the economy is either a liar or a fool. Last week the Bureau of Statistics' national accounts told us things weren't too flash in the economy up to the...

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KPIs a dumb way to encourage performance

Ross Gittins

Ross Gittins You've been doing good work lately, and the boss is thinking of acknowledging your contribution. How would you like to be thanked? With a bonus, or with some kind of award?

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Economy spins wheels, but lacks traction

Ross Gittins

Ross Gittins The economy may have grown faster last quarter than business economists were expecting, but that tells you more about their forecasting ability than the economy's strength.

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Hockey's return to surplus not credible

Ross Gittins dinkus

Ross Gittins How could the Treasurer announce so many giveaways and backdowns but still claim that "our timetable back to a budget surplus is unchanged from last year"?

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Looking under rocks for above-trend signs

Ross Gittins

Ross Gittins With bad news this week from the March quarter survey of business capital expenditure, we need cheering up. Fortunately, budget statement No.

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Politicians and media to blame for 'dumbing down' news

Ross Gittins dinkus

Ross Gittins As intensified personal ambition has heightened competition between the parties, unwritten rules that certain subjects were off limits to the political contest have gone by the board.

Low interest rates mean it's no longer business as usual

Ross Gittins Say you win $10,000 in a lottery, but are offered the choice of receiving the money now or in three years time. Which would you pick?

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