Accelerated by the new internet technologies, the past two decades have been characterised by a globalisation of trade and communications, along with major shifts in the balance between manufacturing and knowledge driven economies. New organisational cultures have grown out of and have...

Sarah Price Worth is a hero in mythical and psychological terms. Her growth can be traced through her name changes within the novel: Sarah Price Worth/Kundalini/Rare Sarah. She leaves the Judeo-Christian belief system and enters an Eastern system in an ashram where yoga is practiced. Sarah's...

Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the global crisis. These changes are reflected in the terms of trade ofindividual countries and in the relative prices of goods within those countries. Asia-Pacific countries are...

Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the global crisis. These changes are reflected in the terms of trade of individual countries and in the relative prices of goods within those countries. Asia-Pacific countries are...

We contribute to the task of identifying trends and cycles in energy prices by examining very long series of prices for coal and oil, going back to 1650 in the case of coal and 1859 in the case of oil. We find annual rates of increase in real price of greater than two percent are found for coal...

This paper investigates the welfare costs of business cycles in a heterogeneous agent, overlapping generations economy which is distinguished by idiosyncratic labor market risk. Aggregate variation arises both in terms of aggregate productivity shocks and countercyclical variation in the...

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth", describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...

This paper examines whether Australian labour market variables, in particular aggregate employment and unemployment, exhibit particular forms of nonlinearity and asymmetry that are of economic interest. the analysis used nonparametric tests - the BDS text and the triples test. The BDS test...