This paper presents long term projections of the cost of public pensions in Australia, taking into account behavioural effects. I assume retirees make financial decisions to maximise their lifetime utilities, and their consumption and asset allocation react to policy changes. I find that the...

This paper provides a first assessment of the fiscal and distributional consequences of the ongoing structural changes in the labour markets of EU Member States, mostly driven by technological progress and ageing. Cedefop 2020 Skill forecasts, EUROSTAT population projections and the forecast on...

The 2012-13 Budget, which provides for an increase in taxes of $ 39 billion and a reduction in expenditures of $ 7 billion, is strongly contractionary, reducing aggregate demand by about 2 per cent. The government deserves praise for starting the process of fiscal consolidation in a possible...

The Defence Preparations Act 1951 was conceived as a solution to an ideological as much as the constitutional dilemma the Menzies government faced as a result of the inflationary crisis of 1950-51. Drawing on Cabinet Notebooks, we argue that the government used the Act to facilitate peacetime...