Reserve Bank and government prepare fresh emergency measures as markets tumble

By Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University The government is planning to deliver a second coronavirus economic support package within days, and the Reserve Bank will announce “further policy measures” to support the economy on Thursday. The bank sometimes uses the phrase “policy measures” to describe adjustments to its “policy…

Thou shalt not steal

By Dr Jens Goennemann, Managing Director, Advanced Manufacturing Growth Centre The wine industry is plagued by knockoffs. Piracy tactics range from mis-labelled bottles, over diluting of products to using similar-but-different brands – a glass of Benfolds, anyone? You can talk about “the sincerest form of flattery”, but don’t do it around Treasury Wine Estates. We can’t be sure of…

Taking US oil in a global crisis sounds good on paper, but it won’t do much for Australia’s energy security

By Christian Downie, Australian Research Council DECRA Fellow, Australian National University The federal government this week signed a deal with the US to access their oil reserves should global supplies be disrupted and we eat into our meagre reserve. Oil security is a hot topic in Australia – we consume more than a decade ago, produce…