Australia – that allows us to estimate, using simulated Generalised Method of Moments (GMM), a model that includes the …

The paper is motivated by two empirical results. Australia’s terms of trade exhibit temporary fluctuations around a … slowly declining trend, and movements in Australia’s real exchange rate tend to follow those in the terms of trade. Together … these results imply predictability in Australia’s real exchange rate as well as the presence of predictable excess returns …

In Australia, the banking sector's substantial exposure to the household sector gives reason to continuously assess the … financial resilience of households. In this paper, we further explore the simulation-based household stress-testing model … presented in Bilston and Rodgers (2013). This model uses data from the Household, Income and Labour Dynamics in Australia (HILDA …