This paper reviews the performance of a selection of indicators that are in common use in analysing the business cycle. The analysis proceeds in two stages, looking first at relationships between major expenditure aggregates and GDP, and then looking at the extent to which partial indicators...

This paper reviews issues in the econometric modelling of monetary policy in the light of recent experience and research. Two main sets of issues are covered: first, the operation of policy including the specification of the instrument and objectives; and second, the transmission of monetary...

Assets with superannuation funds represented the fastest growing of the major components of household wealth during the 1980s. This paper reviews the causes of that growth, and its effects on private saving and on the pattern of financial intermediation. It is found that the growth of...