This study examines the impact of unionisation and other industrial relations variables on total factor productivity (TFP) levels and growth in a conventional Cobb-Douglas production function. The estimation employs quarterly time-series data from 1976 to 1990 on output, employment and the...

This paper examines a link in the Australian monetary transmission mechanism based on the risk structure of certain interest rates. The bank-accepted bill and Treasury note rates cointegrate, and formal tests indicate that the risk premium was stationary after, but nonstationary before, the end...

This paper examines covered interest parity using cointegration techniques on a daily data set for Australian dollar/US dollar spot and forward exchange rates and Australian and US interest rates. While the forward premium and the interest rate differential cointegrate in both the 3 month and 6...