Road transport is vital to Australia's economy in terms of moving people and goods. Despite this, road transport activities pose a substantial challenge for Australia in terms of climate change: making a sizeable and growing contribution to Australia's annual greenhouse gas emissions. However,...

There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...