the OECD countries, Australia did not even have a recession. In this paper we study the behaviour of the Australian … economy compared to some of the OECD countries and see that, in fact, Australia has a "miracle economy". The comparisons are … made in terms of several macroeconomic indicators, GDP, Unemployment, Inflation, Current Account Balances, and debt. …

interest rate. Inflation and unemployment are the side effects of devaluation in the short run. It is recommended that …