This article uses household-level data to examine the distribution of spending and saving in Australia and how that has changed over time. The distribution of spending and saving is important as, among other things, it can affect the way that the household sector responds to economic shocks. The...

We document some new stylised facts about how Australian homeowners value their homes using household panel data and unit-record data on home sale prices. We find that homeowners' price beliefs are unbiased at the postcode level, on average, although there is considerable dispersion in the...

There is extensive anecdotal evidence to suggest that a significant tightening in credit conditions, or a 'credit crunch', occurred in the United States following the collapse of the loan securitisation market in 2007. However, there has been surprisingly little formal testing for the existence...

Australia's trade linkages have been affected by the expansion of global production networks, with Australia typically exporting commodities that are used to produce goods and services that are, in turn, exported to other markets. In this article, estimates of value-added trade are presented for...

A sharp decline in inventory investment was an important contributor to the economic slowdown in Australia in 2008/09. I identify the extent to which this was due to a tightening in short-term credit constraints. In an experimental design setting, I identify the causal effect of short-term...

We investigate the factors associated with the incidence of mortgage-related financial difficulties in Australia. We use two complementary micro-level datasets: loan-level data on residential mortgages from two Australian banks, which we use to analyse the factors associated with entering 90+...