In his article in yesterday’s Australian, “Busting the ‘End of Jobs’ Myth”, Paul Kerin explains why robots and other forms of automation won’t create mass involuntary unemployment and therefore why universal basic income would be an unnecessary and inefficient response. The full article is available here.
In a recent article in The Australian, Paul Kerin presents evidence that the sharemarket expects Adani’s proposed Carmichael mine in Queensland to create substantial shareholder value. This demonstrates that the Federal government’s proposed $1 billion dollar loan to Adani would be a waste of taxpayers’ money. The full article is available here.
In a recent article in The Australian, Paul Kerin argues that location-based subsidies are pervasive and substantial, but make us worse-off. Using examples from the health, insurance telecommunications and utilities sectors, he explains why. The full article is available here
In a recent article in The Australian, Paul Kerin assessed the proposed partial privatisation of electricity network business Western Power by the WA government. He argued that while the proposal is better than continued full government ownership, it won’t deliver the full potential benefits due to several key design choices. The full article is available […]
‘Chief executives and chairs never like short sellers’, points out Professor Paul Kerin in an article in The Australian this week. He argues however that short sellers provide very valuable public services. Read the full story here
In an article in Wednesday’s Australian, Paul Kerin argues that our governments should focus on “first-best” environmental and energy policies to best serve the overall public interest. He warns that the negative consequences of second-best policy choices (such as the large-scale renewable energy target (LRET) and the maximum price cap (MPC) on wholesale electricity) are […]
This week in Bratislava the EU Council will decide the on the the Comprehensive Economic and Trade Agreement (CETA) with Canada. In contrast to TTIP between the EU and US, CETA is a done deal pending approval of regional parliament in Wallonia. The negotiation process so far has been unusually swift for EU standards. Given […]
Paul Kerin appeared on Alan Jones’ radio program yesterday making the case for free trade and the need to improve governance arrangements that would help ensure that future Free Trade Agreements deliver more of the considerable benefits that are potentially available. This follows on from the article that 7 leading economists (including former Industries Assistance […]
Today’s Australian contains a piece by Mike Fitzsimmons and Paul Kerin. The authors note the substantial increase is household leverage over the last quarter of a century, particularly the rise (more than tripling) of household debt relative to cash disposable income. While this may in part be a good thing (reflecting better credit access in […]
There is an atmosphere of cautious waiting in the Brussels air. Major elections to come in France, Germany, as well as here in the Netherlands. But already some very worrying first drops start to come down. A very undecided ‘State of the Union’ speech by European Commission President Jean-Claude Juncker succeeded in the goal of […]