This paper analyzes the factors driving house prices in Australia from a cross-country perspective using several … approaches. It uses a cointegration technique to estimate the long-run equilibrium house prices in Australia, New Zealand, and … increases in house prices in Australia, than in the case of strong capital inflow episodes …

vulnerability, drawing lessons from a detailed comparison of the response of Chile and Australia to recent external shocks and from … Australia's historical experience. We argue that in order to understand sudden stops and the mechanisms to smooth them, it is …

vulnerability, drawing lessons from a detailed comparison of the response of Chile and Australia to recent external shocks and from … Australia's historical experience. We argue that in order to understand sudden stops and the mechanisms to smooth them, it is …

, drawing lessons from a detailed comparison of the response of Chile and Australia to recent external shocks and from Australia …