This paper investigates the stability of Australian ex ante real interest rates for a range of maturities. Both ex ante real and nominal interest rate series are found to be nonstationary even after following for the possibility of structural breaks using techniques developped by Zivot and...

The goal is to determine if there is a stable Broad Money Demand relationship for Australia. Previous studies have not reached a consensus on this important issue, partly because the time series techniques used do not accommodate structural breaks. A standard multivariate cointegration analysis...

We consider a world in which the mode of food production, foraging or agriculture, is endogenous, and in which technology grows exogenously. Using a recent model of coalition formation, we allow individuals to rationally form cooperative communities (bands) of foragers or farmers. At the lowest...