It is often argued that the United States cannot continue for long to run current account deficits of their current size of 5 per cent of Gross Domestic Product (GDP). This article questions this conventional wisdom by examining the implications were the United States to continue to run current...

This article examines Treasury's macroeconomic forecasting performance over the period from 1989-90 to 2003-04, with a focus on forecasts of nominal and real GDP, the GDP deflator, the unemployment rate, and CPI inflation.

The resources boom, globalisation and other global economic forces have raised questions about whether employment and unemployment outcomes in regional Australia have become more unequal. This paper examines how the dispersion of unemployment across regions has changed over time. Our results...