This paper is a response to the literature that tests for cointegration between national stock market indices. It … argues that apparent findings of cointegration in other studies may often be due to the use of asymptotic, rather than small …-sample, critical values. In fact, economic theory suggests that cointegration is unlikely to be observed in efficient markets. However …

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 …