This paper reports the stylised facts resulting from the tests of rival macroeconomic models in explaining the Australian business cycle during the sample period 1966(3)-1995(3). The dominant rival paradigms such as the New Classical, Keynesian and the Real Business Cycle theories have been...

This paper reviews the Australian twin deficits during the flexible exchange rate period. Past analytics and empirics have rejected the twin deficits in the Australian context. But recent simulations based on large macroeconometric models report that a fiscal contraction will improve the current...

In this paper the polemics and empirics on the sustainability of Australia’s high current account deficits and foreign debt that prevailed during the period 1959q3-2007q1 is revisited. The paper contends that the forces of globalization brought about a policy regime shift culminating in the...

The technical efficiency dividend reaped by Australian manufacturing industries following the implementation of microeconomic reforms over the past three decades is analysed empirically in this paper. The technical efficiency scores have been estimated for manufacturing industries using a...

Globalisation or the international integration of production and distribution has accelerated over the past two decades. Multinational enterprises (MNEs) or the transnational corporations (TNC) through foreign direct investment (FDI) have played a key role in the globalisation process. This...

Australia’s inflation rate and inflation uncertainty during the post-float era 1983Q3-2006Q4 have acted as important barometers of Australia’s macroeconomic performance. The conceptualisation and measurement of the nexus between inflation and inflation uncertainty is subject to complex...

This study analyses the effectiveness of exchange rate intervention in Australia during the post-float era (1983-1994). The rationale underpinning the switch to the floating regime and the mechanics and channels of sterilised intervention are critically reviewed in the Australian context. The...

La rivoluzione dell’informazione - Australia e paesi vicini Lo studio analizza l’evoluzione del settore informatico in Australia e paesi vicini misurandone la portata e la struttura. Viene presentata una metodologia atta a individuare il settore informatico nell’ambito delle statistiche...

The paper reviews some important macroeconomic tensions resulting from the phenomenon of financial integration. These macroeconomic tensions are illustrated using Australian perspectives. The deregulation of the Australian financial markets has increased capital mobility and profoundly changed...