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Scoop.it!
An uneven recovery from the pandemic leaves graduates struggling to get on the career ladder. 
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Scoop.it!
The modern monetary theory debate is welcome in a world laying bare the constraints of conventional policy
Graham Watson's insight:
Larry Elliott looks at the current policy 'du jour' - modern monetary theory (MMT). In essence, it means that government's should print money to escape a recession; in essence, it's a monetary reworking of Keynesianism - provided there are spare resources, spending on public works could get the economy back to full employment. The worry though, is that any expansion of the monetary supply is going to result in inflation.
It is - as they say - a lovely example of what goes around comes around. Keynesianism in monetarist clothing?
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This is a really interesting argument about the nature of full employment in the Australian economy, noting that for university graduates there aren't very many jobs available, and those that are can be low-paid and relatively insecure.
As a result, despite a seemingly healthy unemployment rate of 4%, it seems to be the case that an important measure of the health of the economy might be the level of under-employment which would better indicate the loss of potential output.