Short posts from Lowy Institute experts on what they regard as the most important international policy issue of this campaign. See the Election Interpreter 2013 archive for the whole series.

How we plan to steer the Australian economy and the expectations that help shape it between the Scylla of unfounded complacency and the Charybdis of excessive pessimism.

Sometimes we seem to suffer from a kind of economic bi-polar disorder. We're either happily surfing the Asian Century to everlasting prosperity or we're facing imminent doom from the collapse of the mining boom and the end of Chinese growth. Of course, we shouldn't ignore the possibility of important tail risks, but reality is likely to be both less dramatic and more complex.