The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Sunday, July 10, 2011

ANZ: Inflation rate to be 1 percentage point higher with Carbon Tax

More from ANZ:


The main impact to inflation will be the direct increase in energy costs in the first year worth 0.7ppt to headline CPI and a small impact when the carbon price rises in 2014/15 and 2015/16. Overall the CPI impact is forecast by treasury to 0.9% over four years. The Treasury forecast assumes no second round impacts on prices nor any impact on inflation expectations. This suggests there maybe some small upside risk to this estimate although economic conditions will dictate the extent of this risk."