The slope of the yield curve has been estimated using quarterly data on real GDP and the nominal spread is proxied by the difference in returns from the 10 year bond rate and the 90 day bill rate. The time-series analysis after unit root tests using stationary variables revealed that the yield...

The revolutionary changes in information technology (IT), globalization and financial innovation have overturned the Solow productivity paradox and spawned the New Economy (NE) in Australia in the late 1990s. Both growth accounting estimates and the use of the information superhighway rank...