This diverse group of panel members from academia, public policy and the media offer their thoughts on the 2016 budget, particularly in the context of what needs to be done both to prepare Australia to deal with the current domestic and global environments and for the medium term future.

Convened by
Mr Steve Sedgwick AO
Deputy Chair, Sir Roland Wilson Foundation, Former Australian Public Service Commissioner

Speakers
Ms Michelle Grattan AO 
Chief Political Correspondent at The Conversation & Professorial Fellow, University of Canberra

Ms Jan Harris 
Board member, Bendigo Bank & former Deputy Secretary to the Treasury

Dr John Hewson AM
Former leader of the Opposition & Chair, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University

Dr Mike Keating AC
Former Secretary of the Departments of Prime Minister and Cabinet, and Finance

Prof Warwick McKibbin AO 
Chair, ANU Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, Australian National University

Prof Miranda Stewart 
Director of the Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University

Balancing the books? Post-budget policy analysis

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Ross Garnaut is in conversation on his new book, Reset: Restoring Australia after the Pandemic Recession, in which Garnaut shows how the COVID-19 crisis offers Australia the opportunity to reset its economy and build a successful future - and why the old approaches will not work. Garnaut develops the idea of a renewable superpower, calls for a basic income and explores what the 'decoupling' of China and America will mean for Australia.

In the wake of COVID-19, the world has entered its deepest recession since the 1930s. Shocks of this magnitude throw history from its established course - either for good or evil. In 1942 - in the depths of war - the Australian government established a Department of Post-War Reconstruction to plan a future that not only restored existing strengths but also rebuilt the country for a new and better future. As we strive to overcome the coronavirus challenge, we need new, practical ideas to restore Australia. This book has them.

Ross Garnaut AC is Professorial Research Fellow in Economics at the University of Melbourne. He is a Fellow of the Australian Academy of Sciences and a Distinguished Fellow of the Economic Society of Australia. He was principal economic adviser to Australian Prime Minister Bob Hawke and Australian Ambassador to China (1985-88). In 2008, he produced the Garnaut Climate Change Review for the Australian government and a follow-up review in 2011. He is the author of many books, including the bestselling Dog Days and Superpower.

Dr Steven Kennedy, Secretary to the Australian Treasury since 2 September 2019, has held numerous senior positions in the public service in a 30 year career. He was the Head of Secretariat of the Garnaut Climate Change Review - Update 2011 and was awarded a Public Service Medal in 2016 for outstanding public service in the area of climate change policy. Dr Kennedy holds a PhD and a Masters in Economics from the Australian National University, and a Bachelor of Economics (First Class Honours) from the University of Sydney.

Welcome and introduction delivered by Professor Brian P. Schmidt, ANU Vice-Chancellor.

Vote of thanks given by Professor Helen Sullivan, Director of the Crawford School of Public Policy ANU.

In conversation with Ross Garnaut

Andrew Leigh is in conversation with Brian Schmidt on Andrew's new book with Joshua Gans, Innovation + Equality: How to Create a Future That Is More Star Trek Than Terminator.

Is economic inequality the price we pay for innovation? The amazing technological advances of the last two decades-in such areas as artificial intelligence, genetics, and materials-have benefited society collectively and rewarded innovators handsomely: we get cool smartphones and technology moguls become billionaires. This contributes to a growing wealth gap; in the United States; the wealth controlled by the top 0.1 percent of households equals that of the bottom ninety percent. Is this the inevitable cost of an innovation-driven economy?

Joshua Gans and Andrew Leigh make the case that pursuing innovation does not mean giving up on equality-precisely the opposite. In this book, they outline ways that society can become both more entrepreneurial and more egalitarian.

All innovation entails uncertainty; there's no way to predict which new technologies will catch on. Therefore, Joshua Gans and Andrew Leigh argue, rather than betting on the future of particular professions, we should consider policies that embrace uncertainty and protect people from unfavourable outcomes. To this end, they suggest policies that promote both innovation and equality.

In Conversation with Andrew Leigh

The ANU Energy Update is the ECI's annual flagship event - a one-day summit that brings together energy researchers, policymakers, industry and the public to provide an overview of the latest world energy trends.

This day features national and international presenters from government, research and the private sector discussing a range of energy issues including global and regional outlooks, new technologies, energy security, energy access and energy productivity.

Balancing the books? Post-budget policy analysis

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