Alesina, Alberto; Gruen, David W. R.; Jones, Matthew T. - In: Australian Economic Review 24 (1991) 3, pp. 38-51
This article examines issues of relevance to Australia's external imbalance. We investigate the sharp fiscal consolidation over the past five years and examine why it did not reduce the current account deficit. We show that a disproportionate part of the fiscal consolidation was achieved by...
