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This paper presents some theory and evidence on the implications of sudden currency depreciations for output and …
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In this paper we discuss the development of Phillips curves in Australia over the forty years since Phillips first estimated one using Australian data. We examine the central issues faced by researchers estimating Australian Phillips curves. These include the distinction between the short and...
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In an open economy inflation-targeting framework, whether policy-makers should target aggregate or non-traded inflation depends on the structural relationships in the economy. This paper shows that in a small empirical model of the Australian economy, it makes little difference which measure is...
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vector autoregression approach. We estimate that a one standard deviation shock to the balance of firms reporting difficulty … obtaining finance (a 'credit supply shock') reduces Australian GDP by almost ⅓ per cent after one year and gross national …
Persistent link: https://www.econbiz.de/10010990950