The inaugural forum is on Australian macroeconomic policy choices after the Budget. It will discuss the policy options for responding to the decline in Australia’s terms of trade from falling mineral prices. Different choices have different consequences for the way the burden of adjustment is shared: it can fall heavily on those who lose their jobs or cannot find a job, or it can be shared fairly across the community.
Economic modelling, by the Centre for Policy Studies at Victoria University, of the size of the adjustment task and of the impacts of different policy responses, including those announced in the May Budget, will help inform the discussion.
For footage of the forum, click here.