A land down under….
This post was written by Colm Harmon
This is a link to a nice conference on the Australian economy which colleagues at the Melbourne Institute ran a week or two ago. Some good presentations (audio links also available). Education session is good - I thought Andrew Leigh gave a great presentation which hits a lot of issues and views that I would share (raise quality and quantity). Ditto innovation. Some of the political speeches are as you would find them anywhere although I thought the Education Minister gave a smart and focused look at what their priorities are in this domain.
The papers by Van Ours and Gregory repeat a point made often here on labour market response - Van Ours nails this as get active in labour market and keep folks at work, nothing is irreversible, this is a crisis response and not a ’steady state’ labour market strategy so don’t compare to the literature on Active Labour Market Policies which, he agrees, are pessimistic and carry sizable deadweight.