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Paul Krugman

September 2023

All of the above says that the Reserve Bank won’t risk cutting interest rates until it is well and truly sure that demand is safely within reach of the ability of Australia to produce.

Tax cuts will keep RBA on interest rate sidelines for longer

The budget will soon add the equivalent of around three interest rate cuts into the pockets of punters, bringing relief for taxpayers before borrowers.

  • Chris Richardson

August 2023

Robots will become common in the service sectors of the future.

Productivity is going to take revolution, not evolution

It’s hard to generate big gains in service-driven economies. That means we should take the Productivity Commission’s advice – then go even further.

  • Richard Holden

May 2023

The US economy rapidly restored employment levels after the pandemic.

Why do Americans believe their economy is bad when it isn’t?

What the data says, and how workers and consumers perceive it, are two very different things. Blame economists for this.

  • Paul Krugman

January 2023

Media scrum around kevin McCarthy. Reporters were constantly chasing after lawmakers, and some pursuits grew perilous.

Chaos in US Congress rolls on: ‘I’m never getting sworn in, am I?’

Without a speaker, the House cannot convene and start official business, and restive lawmakers were once again left hanging in the balance.

  • Michael Gold
Productivity is now in its biggest stall for six decades.

We must make this the year of productivity

The ACTU must realise that many of the proposals in a major new Productivity Commission report will align with its own goals.

  • Craig Emerson
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October 2022

A confluence of events will hit the housing market at once early next year.

How long will it take to recover the money we’ve lost this year?

After this year’s slump in share, bond and property prices, investors are wondering whether they’ll ever get back to the position they were in at the beginning of 2022.

  • Karen Maley

April 2022

No quick fix for higher living standards

Productivity and incomes in Australia are driven by research and education. And the hard truth is that we, as a country, have given up on funding either of those things properly.

  • Richard Holden

April 2021

At the height of the euro crisis, many suggested that Europe’s single currency would not survive.

The EU’s stability will again confound its critics

The EU is a careful and evolving balance between national and supranational power, and between technocracy and democracy. That is a source of stability and strength, not of weakness or frailty.

  • Gideon Rachman

January 2021

American poet Amanda Gorman gave a profound lesson in youthful poise and optimism.

There was no carnage, just poetry

Americans heard a call for unity and a staunch defence of their most hallowed institutions as Joe Biden was inaugurated as the 46th US president.

  • Updated
  • Jacob Greber
Australians are outgrowing the costs of their national debt.

Australia gets the biggest cost cut of our lifetimes

The country is saving the equivalent of an NBN each year as the cost of sustaining our ballooning debt plummets.

  • Sheraan Underwood

April 2020

A vendor wearing protective gloves holds cash at a farmers' market in San Francisco.

Coronavirus and the threat to US supremacy

COVID-19 has targeted America’s weaknesses, while making many of its strengths temporarily irrelevant.

  • Gideon Rachman

Original URL: https://www.afr.com/person/paul-krugman-4q8