This paper examines data on Australian fiscal policy going back to federation to answer two questions. First, has the conduct of Australian fiscal policy been consistent with the government's intertemporal budget constraint? Second, have there been major structural changes in the conduct of...

We experimentally investigate reference group formation and the impact of social comparisons in a three-player ultimatum game. The players compete in a real-effort task for the role of the proposer. The role of the responder is randomly allocated to one of the other two participants. The third...

The concepts of steepness and deepness are used to investigate the existence of asymmetries at the business cycle frequencies in a number of Australian macroeconomic time series. The results suggest that Australian macroeconomic variables do not display any detectable asymmetries at the business...