In its recently completed review of Commonwealth fisheries policy the Australian Government, following submissions from the commercial fishing industry, agreed to examine the implications of replacing the power in the Fisheries Management Act 1991 (FM Act) to cancel fishing concessions for...

The two-good model (consumer and capital goods) suggested by J. Tobin and W. C. Brainard (1969) and formalized in a static model by D. W. Henderson and T. Sargent (1973, 1979) is generalized to a dy namic model with rational expectations. Financial markets determine r elative goods prices. With...

The City reaction to Mr Major's first Budget was generally one of disappointment, partly because fiscal policy was perceived as lax, partly because nothing new was said about the European Monetary System (EMS). Subsequent ministerial speeches gave a more positive tone to the Government's...