Suchergebnisse

AbstractRetirees and creatives, significant cohorts in the Australian economy, are used in this article to demonstrate the challenges faced by policy‐makers when addressing the housing environment. The housing market is characterised by many participants, often with competing needs and wants, all contributing to the complexity of housing policy. As a result, policy can be difficult to define with multi‐directional interdependencies. We identify five characteristics of complexity—uniqueness, layers of government, dynamism, actors and knowledge spheres—that if duly considered in the policy formation process could contribute to a more integrated approach that minimises negative and conflicting policy consequences.

AbstractThere is a growing need to gauge local economic activity in real time. Localised economic challenges have been emphasised in the wake of the COVID‐19 pandemic. Real‐time trackers (such as OECD trackers) and other nowcasting applications typically correspond to national or highly aggregated regions. In this discussion paper, we briefly explore how unconventional data might be used to produce nowcasts of local economies. We argue that in the absence of traditional nowcasting metrics, efforts to nowcast local economies need a local perspective, with data capture tailored to address heterogeneity across three domains: (1) resources, (2) people and (3) life.