Australian Economy

Australia: Made for Free Trade and a Tax on Rent132nd Henry George Address, Kelvin Club Melbourne, 7 September 2023.

Fiscal Policy for a Zero Carbon SuperpowerMelbourne Energy Institute Seminar, The University of Melbourne, 7 September 2023.

‘Enabling Australia’s Dog Days: Monetary Policymakers and other Performers in an Economic Policy-Making Orchestra’, Australian Conference for Economists, Brisbane 12 July 2023

‘The Economic Public Interest in a World of Oligopoly’, 2023 Bannerman Lecture Ross Garnaut, 3 May 2023

2023 Annual Bannerman Competition Lecture Recording – Law Council of Australia, 3 May 2023

‘Full employment, participation and productivity‘, Monetary Policy, Fiscal Policy and Labour Markets, Professor Ross Garnaut & Professor Peter Dawkins, 2022, Melbourne-Institute-Compendium-2022-Chapter-3.pdf (

‘The Economic Consequences of Mr Lowe’, Manning Clark Lecture, 30 August 2022

Why We Need to Stop Kidding Ourselves‘, Jobs and Skills Summit Keynote Speech, Parliament House Canberra, Thursday 1st September 2022.

Historic change sees RBA leave the dog days behind. Ross Garnaut. Australian Financial Review. Sunday 11th April 2021.

Reconstruction can blow post-virus dog days away. Australian Financial Review. Tuesday 18th August 2020.

Bouncing back from COVID: How renewables can make Australia a manufacturing Superpower. Diplomates Podcast. Monday 11th May 2020.

Powering Up: Opportunities for Australian Manufacturing in the Era of Renewables. Australia Institute. Friday 8th May 2020

The Stimulus Summit: A renewables-led Economic Recovery. Smart Energy Council. Wednesday 6th May 2020.

Our Green Super Future. The Deal Magazine, The Australian. Friday 20th March 2020.

Australia as a Sustainability Superpower. AEGN Virtual Conference. Wednesday 18th March 2020.

How on Earth: Christiana Figueres and Ross Garnaut on Climate Solutions Now conversation. The Wheeler Centre Events. Friday 13th March 2020.

Zero net carbon choice: do we want to be losers or winners? Opinion in the Sydney Morning Herald. Ross Gittins. 29th January 2020.

Ross Garnaut, Superpower: Australia’s low carbon opportunity, Black Inc., 2019

Dangers for Australia, International Trade Melbourne Economic Forum #3, July 3 2019,  MEF International Trade Ross Garnaut 3 July 2019

Speech given at Robert James Lee Hawke’s State Memorial Service, 14 June 2019, Sydney Opera House. Ross Garnaut speech, RJLH State Memorial Service, 14 June 2019

Bob Hawke: Australia’s Greatest Prime Minister, The Australian Financial Review, Friday 5 May 2019. Bob Hawke Australia’s Greatest Prime Minister_AFR 17 May 2019

Dog Days are here to stay without more productivity, The Australian Financial Review, 7 May 2019, Dog Days Recurring_AFR May 2019

Ross Garnaut’s Plenary Speech at the 2018 Social and Economic Outlook Conference part of Plenary 2: Politicians Delivering Change, University of Melbourne, October 11 2018

Ross Garnaut’s Introductory Remarks as moderator of Session 7B: China- Australia: Bumps in the Road, 2018 Social and Economic Outlook Conference, University of Melbourne, October 12 2018

Good Policy Vs Poor Politics At Outlook 2018 The Pursuit, University of Melbourne, October 16 2018

Rent-heavy economy ripe for reform, says ’80s reformer Ross Garnaut – The Australian Financial Review, 4 September 2018

Ross Garnaut’s tax reform plan for more business investment – The Australian Financial Review, 3 September 2018

The 2017 Budget in History, The Pursuit, The University of Melbourne, 23 May 2017

Podcast of Capitalism, Socialism and Democracy: Old Visions, New Realities– Sydney Democracy Network, The University of Sydney, 7 September 2016 Festival of Democracy

Capitalism, Socialism and Democracy: Old Visions, New Realities – Sydney Democracy Network, The University of Sydney, 7 September 2016

The Time Bombs in the Australian Economy are Just Starting to Explode- The Australian Financial Review, 26 July 2016

Vested Interests are Killing our Capitalist Democracy, Australian Financial Review, 23 May 2016

Budget Predictions Pointing Us Towards World of Rainbows, The Age, 5 May 2016

Thoughts on Federal Fiscal Arrangements and Taxation Prompted by the December Melbourne Economic Forum, Melbourne, 13 April 2016

Speaking notes for keynote speech “Australia’s Productivity Challenge: What’s At Stake”, Australian Financial Review Workforce and Productivity Summit, Melbourne, 8 December 2015

Inequality, Address to the Economic and Social Outlook Conference 2015, Melbourne, 5 November 2015

Economic Analysis versus Business Rent-Seeking: the Eclipse of Analysis in Australia, powerpoint notes from presentation delivered at the 18th Annual Conference on Global Economic Analysis, Melbourne, 19 June 2015

Submission to the Review of Australia’s Post-2020 Emissions Reductions Target (task force coordinated by Department of Prime Minister and Cabinet), 30 April 2015

Abbott Government’s Energy White Paper Fails to Face Reality, Australian Financial Review, 15 April 2015

Australia Needs to Invest Away from Resources, Australian Financial Review, 7 April 2015

Australia Has Not Recognised the Change in Chinese Demand for Iron Ore and Coal, Australian Financial Review, 6 April 2015

Global Development in the Twenty First Century, The 2015 Sir Frank Holmes Memorial Lecture in Policy Studies, delivered at the Victoria University of Wellington, New Zealand, 25 February 2015

Global Development: The Long Term Context for Australian Development, An Australian Senate Occasional Lecture, Canberra 5 December 2014: Transcript and video recording of the lecture

Capitalism, Socialism and Democracy in the Twenty First Century, revised version of the LSE lecture, delivered at the University of Melbourne, 12 November 2014

Capitalism, Socialism and Democracy in the Twenty First Century, public lecture delivered at the London School of Economics and Political Science, London, 9 October 2014

Second Melbourne Economic Forum “Financial System Reform and the Monetary System” 25 September 2014 (Link to video recording of the forum: available here)

Notes on Thomas Piketty’s Capital in the Twenty-First Century, prepared for a public conversation on the Piketty phenomenon, The University of Melbourne, 19 August 2014

First Melbourne Economic Forum “Macroeconomic Prospects for Australia” 21 July 2014 (Link to video recording of the forum: available here)

ABC TV Q&A “It’s the economy, stupid!” with Joseph Stiglitz, Ross Garnaut, Judith Sloan and Christine Wong, 7 July 2014

ABC TV The Business extended interview with Ross Garnaut, 27 May 2014

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Dog Days: Australia After The Boom by Ross Garnaut, released November 2013. published by Black Inc, Melbourne.

Dog Days cover

A blueprint for the nation after the boom.
Australians have just lived through a period of exceptional prosperity, but, says influential economist Ross Garnaut, the Dog Days are on their way. Are we ready for the challenges ahead?
In Dog Days, Garnaut explains how we got here, what we can expect next and the tough choices we need to make to survive the new economic conditions. Are we clever enough – and our leaders courageous enough – to change what needs to be changed and preserve a fair and prosperous Australia?
This is a book about the future by a leading adviser to government and business, someone with a proven record of seeing where the nation is going. Both forecast and analysis, it heralds a new era for Australia after the boom.

Praise for Dog Days:

“This book is a must-read for anyone concerned with the economic and social future of Australia. Garnaut brings to the task one of our most penetrating economic minds in an astringent analysis of the challenges facing us. He presents a wide-ranging and detailed set of policies to meet those challenges successfully. The book is lucid, compelling and unburdened by political bias.”—Bob Hawke
‘a brilliant guide to the future of the Australian economy’—Max Corden
‘the nation’s most prophetic economist’—Ross Gittins

Media related to Dog Days

Ross Garnaut and Craig Emerson discuss issues arising from Dog Days in three YouTube videos:

Australia’s Boom-Bust History posted on 29 November 2013

Averting a Recession posted on 3 December 2013

Declining Political Morality posted on 5 December 2013

Speech by the Hon Malcolm Turnbull MP given at the launch of Ross Garnaut’s Dog Days in Canberra, 15 November 2013

Video of media launch of Dog Days with Ross Garnaut and the Hon Malcolm Turnbull MP at National Press Club, Canberra 15 November 2013.

Video of Q and A at the launch by Ross Garnaut and the Hon Malcolm Turnbull MP.

Garnaut Proposes End to Debt Ceiling, Australian Financial Review, 15 November 2013

Politicians Should Foster Reform Debate, Australian Financial Review, 15 November 2013

Ross Garnaut Calls For End to Great Australian Complacency, The Guardian, 15 November 2013

Turnbull urges politicians to mount hard arguments to the community, The Conversation, 15 November 2013

Ross Garnaut interview on ABC Radio National with Fran Kelly, 15 November 2013

Economic blueprint, but will Hockey read it?, The Age, 19 November 2013

Ross Garnaut interview on ABC TV Lateline, 19 November 2013 (Transcript)

Ross Garnaut interview on Business Spectator, 19 November 2013

Ross Garnaut: Squandered Opportunities and How the Wealthy Should Pay, Australian Financial Review, 23 November 2013

Ross Garnaut interview on ABC Radio 774 Melbourne with Maxine McKew, 25 November 2013

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Powerpoint of a presentation Professor Garnaut made at discussions at the Australian Treasury, Canberra, 7 June 2013

3 June 2013: Professor Garnaut gave a lengthy interview to Financial Review Sunday TV late last week. A few sentences were played from that on the Financial Review Sunday program on the morning of 2 June 2013. To see in full what Professor Garnaut said in the interview, click here

Ending the Great Australian Complacency of the Early Twenty First Century – The 2013 Vice-Chancellor’s Lecture, Victoria University, Melbourne, 28 May 2013

Monetary Policy and the Exchange Rate after Australia’s China Resources Boom – powerpoint presentation used in the ‘Monetary Policy and the Exchange Rate for the End of the Resources Boom: Two Different Views’ seminar with Ross Garnaut and Peter Jonson at the Melbourne Institute of Applied Economic and Social Research, The University of Melbourne, 24 May 2013

The New Pattern of Chinese Growth – powerpoint presentation from Keynote speech to CLSA China Forum 2013, Beijing, 14 May 2013

Statement for Senate Economics References Committee Inquiry into the development and operation of the Minerals Resource Rent Tax by Ross Garnaut 29 April 2013

Managing the End of Australia’s China Resources Boom – powerpoint presentation used in the Trade and Development Seminar at the Arndt-Corden Department of Economics, ANU, Canberra, 16 April 2013

Australia and Resources in the Asian Century – Keynote Presentation to the Australian Agricultural and Resource Economics Society’s 57th Annual Conference “Economics, Agriculture, and Natural Resources in the Asian Century”, Sydney, 6 February 2013

Will the Asian century reboot our debate on growth? Presentation to the 2012 Economic and Social Outlook Conference, The University of Melbourne, 1 November 2012

Reflections on the Economics of Australia’s Carbon Price – Presentation to The University of Queensland’s Second Risk and Sustainable Management Group Workshop “Carbon Pricing: Early Experience and Future Prospects”, Brisbane, 25 October 2012

GST Distribution Review Panel 9 July 2012 meeting notes by Ross Garnaut, 19 July 2012

Growth, Cycles, Climate and Structural Change: Two Hard Decades Ahead, address to the Academy of Technological Sciences and Engineering’s Australia 2030 Conference, Sydney, 11 November 2010

HC Coombs Policy Forum: an opportunity for national consultation on the Draft Report of the Productivity Commission on Bilateral and Regional Trade Agreements – video presentation by Ross Garnaut, Canberra, 25 August 2010

Climate Change, China Booms and Australia’s Governance Struggle in a Changing World – The 2010 Hamer Oration, The University of Melbourne, 5 August 2010, Melbourne

The New Australian Resource Rent Tax – Public Lecture, The University of Melbourne, 20 May 2010, Melbourne

Video and transcript of The New Australian Resource Rent Tax – Public Lecture, The University of Melbourne, 20 May 2010, Melbourne

A Time For Prudence -Economic and Social Outlook Conference, Melbourne November 2009

Economic Society of Australia Distinguished Fellow 2009 Acceptance Speech – Adelaide September 2009

Harder Choices Ahead – Economic and Social Outlook Conference, Melbourne 2006

Is Macroeconomics Dead? Monetary and Fiscal Policy in Historical Context – Oxford Review of Economic Policy 2005

Breaking the Australian Complacency of the 21st Century – Economic and Social Outlook Conference 2005

The Boom of 1989 – And Now – Sir Leslie Melville Lecture 2004

Charts to accompany The Boom of 1989 – And Now

Australia as a Branch Office Economy – Australian Agricultural and Resource Economics Society Conference 2002

Equity and Australian Development: Lessons from the First Century – Economic and Social Outlook Conference 2002

One System, Two Countries: Australia and New Zealand in the International Community – New Zealand Institute of International Affairs Conference 2000

Issues in Commonwealth-State Funding (with V. FitzGerald) – Australian Economic Review 2002

Ross Garnaut – Banking After Deregulation: Prudence, Accountability and the Role of Regional Banks – Herbert Cole Coombs Annual Lecture, Scarborough Beach, WA, Australia, May 1 1991