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Policy Exchange 2009
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Program

Day 1, 20 October 2009
Day 2, 21 October 2009

Day 1, 20 October 2009

Session I: Forgetting the future - where we went wrong

Keynote Speech: The Hon Julia Gillard MP, Deputy Prime Minister

Back to the Future - Economic Policy in the post-Crisis Era
• Can Keynesian economics be applied to an open, globalised economy?
• Bang for buck: Getting the highest impact from fiscal stimulus
• Balancing innovation and risk: investments, ideas, institutions
• What will give Australia a sound platform for sustainable future growth?

Morning tea break

Session II: Integrating economic and social value

Applying a Full-Cost Economics: Why social effects matter
• Defining social costs and benefits
• Bringing social accounts onto public and private balance sheets
• Is mandatory reporting the answer?
• Can social assets be traded? Is carbon trading a useful model?

Delivering Social Return on Investment
• Developing a consistent framework for measuring social ROI
• Building an investment case into the policy design process
• How do you capture social returns?
• What is the investment horizon?

Human Capital Investment: Economic capacity with social opportunity
• Separating fact from fiction: Evidence on returns to education investment
• Class size, teacher pay, early childhood: What are the high return opportunities?
• Does education investment lead to higher growth? Or reduced inequality?
• Is investment in retraining better than subsidizing jobs?

Lunch – Day 1

Keynote Speech: Andrew Barr MLA, ACT Minister for Education and Training

Session III: Market Design – New approaches to regulation

Market failure: When should policymakers act?
• Distinguishing market failure from individual actor failure
• Underlying causes: Market power, imperfect information, externalities
• Before or after the fact: When should government act?
• Aligning market design solutions with types of market failure

Aligning public and private interests through incentives
• Structuring incentives around optimal public outcomes
• How to design the ‘rules of the game’?
• Balancing efficiency and equity
• ABC Learning: Lessons learned from poorly aligned interests

Afternoon tea break

Session IV: Choice Architecture – Encouraging personal decision making for the long-term

Behavioural change: It’s Australia’s choice
• When is behaviour change an appropriate government tool?
• Successful behavioural change – traditional and non-traditional approaches
• Getting Australia to act on public policy challenges
• Discussion of behavioural change public policy examples

Case study: Health - What next for prevention?
• The role of prevention
• Successes, failures and lessons learned
• Why so little when so much can be achieved?
• Where are we going now? And what will be the new directions?

Close of Day 1

Day 2, 21 October 2009Back to top

Keynote Speech: The Hon Jenny Macklin MP, Minister for Families, Housing, Community Services and Indigenous Affairs

Session VI: Financing government in the long-term – How do we pay for all this?

Can public spending do it?
• Why is our economy unstable?
• How could public spending stabilise an unstable economy?
• How has public spending actually got us out of recessions in the past?
• Can public spending do it again this time?
• What does the future hold - recovery or depression, inflation or deflation?

Linking taxation with long-term development
• Exploring the connection between taxation and long-term development
• Key impacts of taxation on corporate and individual decisions
• Tax design and needs for public investment
• Proposals for reform

Morning tea break

Session VI: Policy breakouts – Initial discussions

A) Managing risk in the policy cycle: New approaches for policymakers

B) Climate change: Moving beyond the CPRS

Lunch – Day 2

Session VII: Policy breakouts – Developing proposals

A) Managing risk in the policy cycle: New approaches for policymakers

B) Climate change: Moving beyond the CPRS

Afternoon tea break

Concluding Plenary: Summary of discussions and presentation of policy proposals

Close of conference

Note: Program may be subject to change up to the day of the event.