• Corpus ID: 14247643

The Australian Economy in the 1990s

  title={The Australian Economy in the 1990s},
  author={David W.R. Gruen and Sona Shrestha and John W. Freebairn},
This paper analyses a variety of aspects of the ‘miraculous’ performance of the Australian economy in the 1990s from an international perspective. We start by considering the conduct of macroeconomic policies, arguing that a mixture of good institutional design and wise decision-making has ensured an appropriate macroeconomic stance, particularly through the turbulent period of the Asian Crisis. This has supported good supply-side performance underpinned by labour market institutions that have… 
How Big Was the Effect of Budget Consolidation on the Australian Economy in the 1990s?
This article evaluates the effects of budget consolidation on the Australian economy in the 1990s. As the economy recovered from the 1991-92 recession, the need to improve the fiscal balance to lift
Secular Stagnation: Determinants and Consequences for Australia
Larry Summers’ re-use of the phrase appears justified in the present global economic climate since many factors contribute to comparatively poor OECD economic performance and weakening macroeconomic
Secular Stagnation: Determinants and Consequences for Australia
Larry Summers’ re-use of the phrase appears justified in the present global economic climate since many factors contribute to comparatively poor OECD economic performance and weakening macroeconomic
The Australian Productivity Miracle: A Sceptical View
ince the beginning of systematic microeconomic reform in the early 1980s, there has been a steady flow of official and unofficial predictions that the improvement in productivity made by possible by
Macroeconomic Determinants of National Savings Revisited: A Small Open Economy of Pakistan
2 Abstract: This paper explains the determinants of national savings in the process of economic growth, in the glimpse of Pakistani experience. Using Autoregressive Distributed Lag Model (ARDL) bound
Housing in Australia in the 2000s: On the Agenda Too Late?
During the 2000s, however, housing put itself on the agenda. Increased interest in housing was reflected in academic literature, in media commentary and in government and industry concerns. At the
Current Account Deficits: The Australian Debate
This paper documents the clear change of view, which has taken place in Australia over the past three decades or so, concerning the relevance of the current account deficit for policy. Historical
Microeconomic reforms and the revival in Australia's growth in productivity and living standards
Microeconomic reforms were introduced from the mid-1980s to stem the slippage in growth in Australia’s productivity and living standards. Productivity growth more than doubled in the 1990s to reach a
International Shocks and the Role of Domestic Policy in Australia
In the presence of large international disturbances small open economies are faced with difficult policy choices. International conditions impact on domestic outcomes. Using a structural VAR model of
Labor and globalisation: from Keating to Latham
This paper documents the Federal Parliamentary Labor Party's (FPLP) approach to globalisation under four different leaders, starting with Paul Keating in the early 1990s, and ending at the early


International integration of the Australian economy
, the Bank convened a conference entitled 'International Integration of the Australian Economy'. The following excerpt is the introductory chapter of the conference volume. The structure and
Measuring Productivity in the Australian Banking Sector
The potential benefits of increased productivity in intermediate sectors – such as banking and finance – can be substantial, given the impact of their services on resource allocation and
The Australian Financial System in the 1990s
Two recurring themes arise from this discussion. The first is that financial liberalisation looks to have been much more successful than appeared to be the case a decade ago. In 1991, the Reserve
While economic theory is largely mute on the question of whether macroeconomic policies affect long-run growth, an examination of the experience of different countries over various periods and the
A More Productive Australian Economy
There development into a is new mounting economic since evidence the phase Second that in World the the 1990s. Australian War. The It would economy first phase be the may was third have the phase
On Some Recent Developments in Monetary Economics
This survey is motivated by the major changes that have been occurring both within the financial sector and in the relationships between financial and other markets. These changes have complicated
Money and Economic Activity in the Open Economy: The United Kingdom, 1880-1970
  • P. Jonson
  • Economics
    Journal of Political Economy
  • 1976
This paper presents a highly aggregated structural macroeconomic model of the U.K. economy. The specification is based on the insights provided by recent theoretical work on the working of open
Monetary Rules: A Preliminary Analysis
This paper examines the effects of three simple rules for monetary policy in an econometric model of the Australian economy. Its main contribution is to examine such rules under a range of exogenous
The Evolution of Monetary Policy: From Money Targets to Inflation Targets
This paper sets out a chronology of Australian monetary policy during the past decade or so. The events themselves are often important, but the main focus here is on the evolution of the
Wages Policy and Unemployment in Australia
It is generally accepted among Australian economists that high rates of growth of wages at various times over the last decade have made the achievement of full employment and lower rates of inflation