Economics Explained

Fiscal Vaccine for COVID-19 with Prof. Tony Makin

Episode Summary

Exploring the pros and cons of the fiscal response from governments to COVID-19 with Professor Tony Makin of Griffith University

Episode Notes

Professor Tony Makin of Griffith University speaks about his new CIS Policy Paper A Fiscal Vaccine for COVID-19 with Economics Explained host Gene Tunny. In Tony’s words, “the paper considers the resurgence of crude Keynesianism before highlighting risks of the fiscal legacy.”

Tony Makin is Professor of Economics at Griffith University and has previously taught at the University of Queensland, the Lee Kuan Yew School of Public Policy at the National University of Singapore and in the Australia and New Zealand School of Government (ANZSOG) program. His field of expertise is international macroeconomics and public finance and he has previously served as an economist with the International Monetary Fund and in the Australian federal departments of Finance, Foreign Affairs and Trade, The Treasury and Prime Minister and Cabinet. He has also been Director of the APEC Study Centre at Griffith University, and Australian convener of the structural issues group of the Pacific Economic Cooperation Council (PECC).

Resources mentioned in the conversation include:

Australia’s Competitiveness: Reversing the Slide by Tony Makin

Response to Professor Tony Makin’s Minerals Council of Australia Monograph – ‘Australia’s Competitiveness: Reversing the Slide’

The Effectiveness of Federal Fiscal Policy: A Review

Tony Makin’s Agenda paper on fiscal stimulus during the GFC

IS-LMentary by Paul Krugman

Australian examples of Depression-era public works projects:

Lamington National Park's history

Mt Spec Road and Little Crystal Creek Bridge