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The existing literature suggests a number of alternative methods to test for the presence of contagion during financial market crises. This paper reviews those methods and shows how they are related in a unified framework. A number of extensions are also suggested that allow for multivariate...
Persistent link: https://www.econbiz.de/10014401432
This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher …
Persistent link: https://www.econbiz.de/10012019787
Labor markets in Australia have adjusted smoothly to significant declines in commodity prices with little increase in …
Persistent link: https://www.econbiz.de/10011704575
Australia. We find that fiscal transfers offset 4-11 percent of idiosyncratic shocks (risk-sharing) and 13-24 percent of …
Persistent link: https://www.econbiz.de/10011711804
This paper revisits options for fiscal anchors in Australia against the backdrop of a medium-term budget balance anchor …
Persistent link: https://www.econbiz.de/10011781249
China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for … to a services-driven, consumer-led economy. Using ANZIMF, the Australia-New Zealand Integrated Monetary and Fiscal model … to Australia. One simple takeaway is central to each risk - while the real GDP response to shocks in Australia typically …
Persistent link: https://www.econbiz.de/10011866353
Persistent link: https://www.econbiz.de/10010389581
The paper finds that, given Australia's conservative approach in implementing the Basel II framework, Australian banks …
Persistent link: https://www.econbiz.de/10009423924
Persistent link: https://www.econbiz.de/10009425657
identify the chronologies in Australia''s classical cycle (expansions and contractions in the level of output) and growth cycle … duration and amplitude of phases in Australia''s classical cycle, on both measures the Australian growth cycle is much more …
Persistent link: https://www.econbiz.de/10014400562