With monetary and fiscal policy instruments overextended, reforms to enhance our economy’s supply-side performance have become more necessary than ever if economic stagnation and declining living standards are to be averted.
On leaving the Productivity Commission in 2012, Gary assembled a ‘to do list’ of pro-productivity reforms drawn from Commission reviews. Have many been ticked off by now? Alas no ... indeed, new items have been added. Worse, there is a growing sense of resignation that such reforms are too hard today.
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