Intervention by the Reserve Bank of Australia on foreign exchange markets from 1983 to 1997 is conjectured to have been determined by exchange rate trend correction, exchange rate volatility smoothing, the U.S. and Australian overnight interest rate differentials, profitability and foreign...

Panel unit root tests show that intranational purchasing power parity cannot be rejected across major Australian cities from 1972:3 to 1999:1. The persistence of deviations in response to shocks is low, as measured by the estimated exact half-life of between five and ten quarters. This is much...

A novel measure of two classes of monthly commodity price uncertainty is constructed by applying mixed-frequency state-space modelling to forecasts of prices of six energy and fourteen metal commodities. Energy price uncertainty shocks are found to be contractionary for the world economy, while...

Books reviewed: William Coleman and Alf Hagger, The Rage Over Economic Rationalism and the Campaign Against Australian Economists Hian Teck Hoon, Trade, Jobs and Wages Yoram Amiel and Frank A. Cowell, Thinking About Inequality Paul Downward and Alistair Dawson, The Economics of Professional Team...

Monthly dis-aggregated US data from 1978 to 2016 reveals that exposure to news on inflation and monetary policy helps to explain inflation expectations. This remains true when control- ling for household personal characteristics, perceptions of government policy effectiveness, future interest...

We study the role of bargaining as a barrier to migration in the equilibrium of a two-country world with imperfectly competitive labor markets. Equilibrium migration is jointly determined by relative labor market bargaining powers, productivity and costs of migration. If migrants complement host...