This paper explores how starting school at a younger age affects the developmental score gaps between relatively advantaged and disadvantaged children. While previous findings suggest that delaying school entry may improve school readiness, less is known about whether it has differential effects...

This paper compares the living standards of family types using a variety of indicators of disadvantage and examines the impact of disadvantage on several dimensions of well-being. The indicators are poverty (defined in income terms), deprivation (defined as an enforced lack of socially perceived...

The paper investigates the relationship between the announcement of a proposed haul route and its impact on nearby property values. A large number of studies have been conducted using hedonic property value models to show the impact of environmental disamenities on property values, but to our...

A plethora of literature exists on irrigation development. However, only a few studies analyse the distributional issues associated with irrigation induced technological changes (IITC) in the context of commodity markets. Furthermore, these studies deal with only the theoretical arguments and to...

Motivated by the increasing use of forward guidance, we consider DSGE models in which the central bank holds the policy rate fixed for an extended period of time. Private agents’ beliefs about how long the fixed-rate regime will last influences current output and inflation. We estimate the...

The early 21st century saw Australia experience its largest and longest terms of trade boom. This paper places this recent boom in a long-run historical context by comparing the current episode with earlier cycles. While similarities exist across most episodes, current macroeconomic policy...

The early 21st century saw Australia experience its largest and longest terms of trade boom. This paper places this recent boom in a long-run historical context by comparing the current episode with earlier cycles. While similarities exist across most episodes, current macroeconomic policy...

Many macroeconometric models are built to understand business cycles. However, the methods applied to assess them are rarely of the form that one learns whether they provide a good explanation of cycle characteristics. In this paper we review and apply techniques that do this for models with...

We use a simple model of a closed economy to study the recommendations of monetary policy-makers, attempting to respond optimally to an asset-price bubble whose stochastic properties they understand. We focus on the impact which the zero lower bound (ZLB) on nominal interest rates has on the...