Bhattacharyya, Sambit; Williamson, Jeffrey G. - 2009
explores Australian terms of
trade volatility since 1901. It identifies two major price shock episodes before the
recent … shock episodes before the recent mining-led episode, and
assesses their relative magnitude, their de-industrialization and … undergone three major external price shock episodes over the past
century. As Table 2 documents, the first half of the 1920s …