The purpose of this paper is to use a large data set comprising individual’s responses to survey questions about future economic conditions, unemployment and prices to explore lay people’s models of the economy and specifically their understanding of the relationship between unemployment and...

Generations of students and the reading public have been taught: (a) that it was Thomas Carlyle who called economics (political economy as it was known) "the dismal science" and (b) that he did so as a reaction to the pessimistic predictions of Malthus in relation to population growth and its...

In this paper the IBIS enterprise database is used to estimate the size of the static welfare loss (particularly in the form of lost consumer surplus) due to the presence of monopoly elements in Australia.

This paper contains a dynamic model of the unemployment rate.

A time-varying Phillips curve was estimated as a means to examine the changing nature of the relationship between wage inflation and the unemployment rate in Australia. The implied time-varying equilibrium unemployment rate was generated and the analysis showed the important role played by...

In this paper I set some information derived from data on the gross flows of males between labour market states in Australia. The data, which is monthly, has been seasonally adjusted so as to more clearly reveal underlying trends. I begin with a brief review of the labour market for males over...

In this paper we look at the way in which the ABS derives gross flows data from successive Labour Force Surveys. The procedure used by the ABS is described and a measure of the 'matching rate' obtained. We develop a simple theoretical model designed to explore the relationship between the Labour...

In this paper I look in some detail at one specific aspect of macro distribution theories, namely Keynes's Macro theory of profits.

In this paper we present new estimates of the degree of welfare loss in Australian manufacturing for the period 1982/3 - 1984/5.