Centre of Full Employment and Equity

The Centre of Full Employment and Equity (known as CofFEE) is an official research centre at the University of Newcastle.

Our mission is to promote research aimed at restoring full employment and achieving an economy that delivers equitable outcomes for all.

CofFEE advocates the implementation and maintenance of the Job Guarantee

Investing in a Job Guarantee

July 17, 2020: CofFEE's analytical simulation model shows that to reduce the unemployment rate from 10 per cent to 4 per cent, the net investment would be $51.7 billion for a year. This would create 1,244 thousand jobs, 200 thousand of them in the private sector as a result of the extra income earned by the Job Guarantee workers.

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See also a short Job Guarantee Q&A video with Professor William Mitchell.

Job Creation Sign

Recent Working Papers

1. William Mitchell - Preface for Africa's Last Colonial Currency (Fanny Pigeaud and Ndongo Samba Sylla) (February 2020).

2. William Mitchell - An MMT perspective on the US crisis (August 2020).

3. William Mitchell and Louisa Connors - Capitalism on Life Support (August 2020).

4. William Mitchell - A paradigm shift in Macroeconomics is underway – a cause for celebration (September 2020).

5. William Mitchell - Debt and Deficits - an MMT perspective (October 2020).

6. William Mitchell - The Job Guarantee and the Phillips Curve (November 2020).


CofFEE undertakes basic and applied research in areas such as macroeconomics, monetary systems, regional and urban economies, applied time series and spatial econometrics. CofFEE researchers are among the original developers of Modern Monetary Theory (MMT) and the concept of employment buffer stocks (Job Guarantee).

Our researchers also have a long record of completing research commissions for various clients including ILO, Asian Development Bank, European Commission, the Australian Government, various Trade Unions and industry associations. If you are interested in accessing our research expertise please contact our office.

Education - MMTed

CofFEE is a partner in MMTed, which is providing on-line and face-to-face teaching and specialised Masterclasses to further the public understanding of Modern Monetary Theory (MMT).

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CofFEE Director Professor Bill Mitchell introducing the new Macroeconomics textbook - March 1, 2019.

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The Director's daily blog provides commentary and analysis of economic events.

EVI 3.0 - now available

April 18, 2020 - In response to the Coronavirus Pandemic triggering a new economic downturn, we have updated our popular Employment Vulnerability Index (EVI) - now in its third edition.

EVI 3.0 is an indicator that identifies the medium-sized areas in Australia that have higher proportions of the types of jobs thought to be most at risk when economic activity declines.

EVI 3.0 Final Report

Press Package (April 28, 2020)

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small map showing EVI colors

Modern Monetary Theory Textbook

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Our new textbook - Macroeconomics - was published by Macmillan in February 2019.