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A bitter summer: Greece on the precipice

1 July 2015 by Leon Obrenov

A referendum has been called, global markets are frightened. Leon Obrenov outlines the latest developments in the Greek debt crisis, and discusses whether Greece has anything left to lose.

The Bretton Woods summit

20 October 2014 by William Johnson

William Johnson takes a look back at the conference that changed post-war economics.

Do the global rich inflict extreme poverty on the global poor?

19 October 2014 by Emily Vuong

Emily Vuong examines the argument that the current global institutional order is responsible for the suffering of the world’s poor.

Bank of Japan's monetary policy: Japan and Australia

21 April 2013 by Aziel Goh

Last year on December 26^th, Shinzo Abe assumed office as Japan’s current Prime Minister and immediately began fulfilling his electoral campaign promises of bringing sweeping economic reform and output growth to the world’s third largest economy. After suffering decades of lacklustre output and many failed attempts to induce growth, Abe’s policies, both currently implemented and in the pipeline, are the biggest things to hit Japan since Godzilla itself.

Small country, so what’s the big deal?

24 March 2013 by Jessica Stone

This past Tuesday (March 19th), the German-led Eurozone finance ministers and International Monetary Fund (IMF) offered Cyprus a €10 billion bail-out package. The catch is, this plan requires Cyprus to raise approximately €5.8 billion (almost one-third of Cyprus’ GDP) as its share of the bailout, by Monday (March 25^th). Cyprus is a small player in the Eurozone, and in a lot of trouble – could the costs of keeping Cyprus in the Eurozone outweigh the benefits?

The World this week with ESSA

14 October 2012 by ESSA Publications

Hand picked selection of economics content from around the web.
This week: Austerity is supposed to reduce debt and stabilise recessions – but has it worked? Also why Australia’s macro policies have been successful, and the case for legalising prostitution.
ESSA, 14 October 2012

Understanding the crisis that embroils Europe

29 February 2012 by Dean Pagonis

I am sure you have heard of the commotion unfolding in Europe, dubbed by many news media outlets as the ‘European sovereign debt crisis’. But what does this all mean? Ric Battelino, Deputy Governor of the Reserve Bank of Australia, spoke in Sydney about the ‘European Financial Developments’ and what it means for the world …