Statistical agencies are faced with a difficult measurement problem when tax reforms change consumer prices. Such reforms can affect measures of inflation and hence measures of welfare. It is suggested that instead of attempting to adjust the consumer price index (CPI) afetr tax reform, it is...

This paper presents evidence from two major surveys that compares the impact of workplace change in Australian public and private sector workers. Public sector workers reported they were working more intensively, under great stress and with less job security than private sector workers. They...

In this paper we provide a test of whether an optimal level of public investment has been undertaken in Australia over the last three decades The test is based on the intertemporal efficiency conditions for the standard optimal growth model with both private and public capital.

Kalecki was one of the co-developers of the principle of effective demand. This was used by many economists, in the post war period, to argue that government fiscal policy could be used to stimulate effective demand and fine tune the economy to reduce cyclical unemployment. Kalecki, however, was...