Showing 1 - 10 of 15
-Keynesian Phillips curve (NKPC). This paper assesses the empirical performance of the SIPC for Australia. There is only weak evidence in …
Persistent link: https://www.econbiz.de/10011265303
Quarterly national accounts data are amongst the most important and eagerly awaited economic information available, with estimates of recent growth regarded as a key summary indicator of the current health of the Australian economy. Official estimates of quarterly output are, however, subject to...
Persistent link: https://www.econbiz.de/10005125145
financial markets in Australia and New Zealand. We do this by examining the impact of the major ‘news’ from Asia on the stock … in the crisis economies in Asia clearly had repercussions for financial markets in Australia and New Zealand. But this …-market price reactions were very similar in Australia and New Zealand, despite the different monetary policy responses in the two …
Persistent link: https://www.econbiz.de/10005423518
This paper presents a new measure of underlying inflation: component-smoothed inflation. It approaches the problem of determining underlying inflation from a different direction than previous methods. Rather than excluding or trimming out volatile CPI items, it smoothes components of the CPI...
Persistent link: https://www.econbiz.de/10005423549
vulnerability, drawing lessons from a detailed comparison of the response of Chile and Australia to recent external shocks and from … Australia’s historical experience. We argue that in order to understand sudden stops and the mechanisms to smooth them, it is …
Persistent link: https://www.econbiz.de/10005423565
This paper investigates the gains from the use of information technology in Australia during the 1990s using a growth … Australia has done well out of the ‘new economy’. Its use of computer technology is amongst the highest in the world with … price falls while the other half can be attributed to higher nominal expenditure. We arrive at the conclusion that Australia …
Persistent link: https://www.econbiz.de/10005423581
This paper surveys the history of last-resort lending and other support provided to financial institutions in Australia … both the resources they could draw on and their ability to constrain moral hazard behaviour. Since 1900, Australia …
Persistent link: https://www.econbiz.de/10005423589
JM Keynes was more important to Australia than Australia was to him. Yet the connections are many and varied, and … worthy of some attention. As has been said, ‘a survey of the rise and fall of Keynesian economics in Australia’ is ‘an … the handling of the Depression in Australia; 4. the early impact of Keynesian economics in Australia; and 5. Australia …
Persistent link: https://www.econbiz.de/10005423623
This paper sets up and estimates a structural model of Australia as a small open economy using Bayesian techniques …
Persistent link: https://www.econbiz.de/10005423653
This paper tests the response of bond yield spreads and equity prices to credit rating changes in the Australian financial market. Unlike some earlier studies for foreign markets, we find evidence that both yield spreads and equity prices move in the ‘expected’ direction following rating...
Persistent link: https://www.econbiz.de/10005423663