This paper uses micro data from the Household, Income and Labour Dynamics in Australia Survey to estimate the marginal propensity to consume. Estimates are made by examining two types of policy changes – to income tax rates and lump-sum transfers – which help to identify the effect of shocks...

This explores the dynamics of intermediate input sourcing using the confidential U.S. customs trade data from the U.S. Census. I document three key empirical facts on sourcing dynamics, and explain them using a model on supplier uncertainty and learning. I find first that new suppliers have high...

Using the confidential customs trade data from the U.S. Census, this paper examines the empirical evidence and motivations for multisourcing -- the purchase of the same input from multiple suppliers -- by U.S. importers of manufacturing inputs. The paper highlights a striking and novel sourcing...

This article reviews the empirical evidence on exchange rate pass-through to consumer prices in Australia over the inflation-targeting period. It finds that pass-through is relatively low at the aggregate level but is faster and larger for the prices of manufactured goods, which are often...

This paper studies the impact of changing tuition on students' preferences for college degrees. In particular, it analyzes the selective tuition policy changes for certain degrees in Australia in the 2000s. Using a logit discrete choice model, I find that while tuition increases discouraged...

This paper has been prepared to inform an officials level workshop at the IMF and World Bank Annual Meetings in Bali, Indonesia in October 2018. The paper will be discussed by Ms Laura Berger‑Thomson and a panel including Dr Changyong Rhee, Mr Charles Abel, Dr Mohamad Chatib Basri, Mr Rodrigo...