"This paper examines the manner in which labour services are modelled in the aggregate production function, concentrating on the specification of the relationship between the number of persons employed and average hours worked. We argue that, given the presence of quasi-fixed costs of...

The monitoring and control of the growth of monetary aggregates is an important aspect of monetary policy. The purpose of this article is to assess the likely growth of the money supply for 1984-85. We conclude that the monetary policy of keeping M3 growth within the 8-10 per cent range is...

This article evaluates the effects of budget consolidation on the Australian economy in the 1990s. As the economy recovered from the 1991-92 recession, the need to improve the fiscal balance to lift national saving became the dominant influence on fiscal policy. The article argues that spending...