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Publications

The global financial crisis: causes and consequences

This Working Paper, by Warwick McKibbin and Andrew Stoeckel, models the global financial crisis as a combination of shocks to global housing markets and sharp increases in risk premia of firms, households and international investors in an intertemporal (or DSGE) global model. The model has six

Twenty-first century ANZACS

In this article in the Asia-Pacific Defence Reporter, Nick Floyd, Chief of Army Visiting Fellow at the Lowy Institute, and Peter Greener, Senior Fellow at the New Zealand Defence Force Command & Staff College, review the recent announcements by the New Zealand and Australian Governments on a

Idealism killing Karzai

In an opinion piece in The Australian, Anthony Bubalo, Program Director West Asia, argues that the West should cut the Afghan President some slack.The Australian, 23 October 2009, p. 12

Wednesday Lunch at Lowy - Mark Thirlwell presentation

Next month will mark the 20th anniversary of the fall of the Berlin Wall. This also makes it the 20th anniversary of the birth of the new global economy. At the Wednesday Lunch on 21 October, Mark Thirlwell, Director of the Institute’s international economy program, looked at some of the forces

A G-20 caucus for East Asia

In September 2009, the Pittsburgh Summit designated the G-20 as the world’s premier forum for international cooperation. The G-20 gives East Asia a significant presence at the top table of the world economy: six regional economies, including Australia, are members

Wary of China, neglectful of Japan and warming to the US

In an opinion piece in The Australian, Dr Michael Wesley and Fergus Hanson examine how Australians view the world, drawing on five years of Lowy Institute polling. They find Australians to be outward-looking and engaged in international affairs. The vast majority feel safe and Australians are

America image rebounds

Dr Michael Fullilove, Program Director Global Issues and Fergus Hanson, Research Fellow and author of the 2009 Lowy Institute Poll on public opinion and foreign policy, sift the global poll numbers on attitudes towards the United States, and report the Bush era is officially over.The Daily Beast, 13

The 2009 Lowy Institute Poll

The fifth annual Lowy Institute Poll surveys a nationally representative sample of Australians on a broad range of foreign policy issues. New questions this year cover the priority given to action on climate change, public attitudes towards relations with the US and China, foreign investment, asylum

Deep thinking needed to safeguard the system

In an Economic Briefing in The Australian Financial Review, Lowy Institute Visiting Fellow Stephen Grenville warns that there are no US reforms in the pipeline that will prevent another financial crisis. Australian Financial Review, 12 October 2009, p. 20

Don't write off Europe yet

In an opinion piece in The Sydney Morning Herald, Sam Roggeveen, editor of the Lowy Institute's blog, The Interpreter, argues that Europe should not be underestimated as a global power. Sydney Morning Herald, 10 October 2009, p. 11

After the perfect storm: Indian students in Australia

In this Lowy Institute Perspective, Janaki Bahadur draws upon her experience as an Indian-born journalist living in Australia to look below the surface of this year’s controversy about the welfare of Indian students in Australia. She identifies the commercial and nationalistic drivers of the

Lowy Institute Panel: Can Obama disarmament agenda work?

On 29 September, the Lowy Institute convened an expert panel to examine the implications of President Obama's push to reduce nuclear dangers, as well as to debate broader questions about nuclear disarmament. Moderated by Executive Director Dr Michael Wesley, the panel also included Deputy Director

Effective 'future Anzac force' needs careful consideration

Nick Floyd, Lowy Institute Chief of Army Visiting Fellow, and Peter Greener, Senior Fellow at the New Zealand Defence Force Command & Staff College, consider in the Canberra Times the merits of a future ANZAC force to meet shared national security challenges, and how both Governments must

A future Anzac force would have many advantages

In this article in the National Times, Nick Floyd and Peter Greener, Senior Fellow at the Command & Staff College, New Zealand Defence Force, consider the relative merits of a standing trans-Tasman force, ready to meet shared national security challenges. National Times, 25 September 2009

Motive missing from the thaw

Sam Roggeveen, editor of the Lowy Institute blog, The Interpreter, reviews a new book by James Mann, 'The rebellion of Ronald Reagan: a history of the end of the Cold War', in The Canberra Times. Canberra Times, 26 September 2009, p. 19

China: an unfamiliar terrain

In an opinion piece in The Sydney Morning Herald, Lowy Institute Executive Director Michael Wesley argues for some hard thinking on prioritising our interests in building a durable relationship with China.Sydney Morning Herald, 26 September 2009, p. 9

Australia security challenges: lessons for others?

Chief of Army Visiting Fellow Nicholas Floyd published an article in Issue 94/2009 of RSIS Commentaries, a publication of the S. Rajaratnam School of International Studies, Singapore, on how lessons from Australian Defence Force experiences can be adapted and exported to other security stakeholders

Wicked weapons: North Asia nuclear tangle

The United States faces major challenges in engaging China, Japan and the Korean Peninsula in its quest for nuclear disarmament. Rory Medcalf explores the ‘wicked’ nature of the region’s nuclear insecurity: how fixing one part of the problem risks aggravating others. He recommends ways forward

He the right man at the right time

In an opinion piece in The Age, Dr Michael Fullilove, Program Director Global Issues, writes that Kim Beazley's appointment as our next ambassador to the United States will cement the relationship with a powerful ally.The Age, 18 September 2009, p. 15

Linking growth and poverty reduction in Papua New Guinea

Recent impressive economic growth has helped many Papua New Guineans escape poverty. Those lifted from poverty retain strong connections to the economy, its active participants and the government. For those whose connections are weak or absent, economic growth provides no obvious reward. To increase

G20 needs to drive the adjustment process

In an Economic Briefing in The Australian Financial Review, Lowy Institute Visiting Fellow Stephen Grenville argues that a new, more ambitious Plaza Accord should be on table at the forthcoming Group of 20 leaders' meeting in Pittsburgh. Australian Financial Review, 14 Septemebr 2009, p. 20

Global warming and war both require sacrifice

In an opinion piece in The Sydney Morning Herald, Dr Michael Fullilove, Program Director Global Issues, considers the similarities between two topics, climate change and the war in Afghanistan. Sydney Morning Herald, 8 September 2009, p. 13

Marching across agency borders

The Chief of Army Visiting Fellow at the Lowy Institute, Nick Floyd, writes in The Public Sector Informant about interactions within Australia's defence and national security community and implications for the upcoming National Security Statement. The Public Sector Informant, 1 September 2009,

Wednesday Lunch at Lowy - Professor Warwick McKibbin presentation

The United Nations Framework Convention on Climate Change (UNFCCC) process has focused on commitments of developed countries with an exclusive goal of emission reductions from historical base year emissions. However, these baseline emissions trend vary widely, and achieving similar targets can

Can Australia meet its security challenges?

In an article in The Diplomat, Lieutenant Colonel Nick Floyd discusses his recent Lowy Institute Analysis, "How Defence can contribute to Australia's national security strategy". The Analysis considers what needs to be done to improve the whole-of-government approach to national security against the

Wednesday Lunch at Lowy: TV and war - Tony Maniaty presentation

Difficult and dangerous work, covering wars with TV cameras has become a core component of modern conflict - so much so that a 'military-media' nexus has arisen alongside what US President Eisenhower famously termed the 'military-industrial complex'. From Vietnam to Iraq and beyond, televised

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