The issue of inflation expectations has continued to catch the attention of many economic researchers in recent years, due to the mere fact that the public and economic agents’ perceptions about the perceived direction of inflation can significantly influence the inflation rate itself. In an...

The link between skill acquisition and earnings is one of the cornerstones of labour economics. The conventional view is that, all else being equal, workers with relatively higher stocks of embedded skills will receive a relatively higher return when supplying labour. The link between skills and...

An important puzzle in international macroeconomics is the exchange rate disconnect puzzle. Based on recent empirical literature by Mussa (1986), Baxter and Stockman (1989), and Flood and Rose (1995), high exchange rate volatility under floating rates appear not to be related to the high...

Executive summary: This report documents the continuing growth and transition of the Western Region identified in the 2004 report by the Centre for Strategic Economic Studies (Sheehan and Wiseman 2004). It follows a number of reports about the Region (NIEIR 2004; LeadWest 2008), in each of which...

The starting point for this study is the fact that globalisation and the transition to a knowledge-based economy are driving a transformation of the nature and structure of the world economy. The rise in the knowledge intensity of economic activities and the increasing globalisation of economic...

The Australian Trade Deficit (TD) has been increasing in the past 50 years, and this deficit has become more significant in the last few decades. This rising TD level in Australia has brought the national debt level to a new height, making this country one of the world?s highest debt-ridden...

With the rapid development of the global economy, intellectual capital has become a critical driver of a business's sustainability. The essential difference between companies operating in the 'old' and the 'new' economy is that, where value in the past was created within industrial sectors such...

Trust is frequently a requirement for economic exchanges and the management of natural resources. Providing public informaiton on past actions can promote trust through the formation of reputations. We developed an economic experiment to test whether a formal reputation mechanism could...