This paper investigates comovements between the United States and Australia. Our nonlinear model allows the dynamic response to shocks to differ if countries are in recession. Generalised Impulse Response Functions highlight a significant asymmetric response to positive and negative shocks.

This paper seeks to examine the efficiency of the Australian foreign exchange market by using methods of cointegration and spectral analysis. Uncovered interest rate differentials for five countries namely the US, UK, Japan, Malaysia and Singapore are examined with Australia as the 'home'...

In some key respects the income versus consumption tax choice is simply misunderstood by many people, including sophisticated practitioners.

This studyprovides a unique framework for analyzing the role of the GATS and the WTO in the liberalization and regulation of the financial services sector.

Key economists for the government and for the Microsoft Corporation lay out their views on the key issues and then respond to the views presented by the opposing side.