Employment in Australia over the past five years has recorded one of the strongest increases in the post-war period. This experience stands in marked contrast to that of the mid 1970s and early 1980s when demand for labour in Australia was very weak. Recent developments provide an opportunity to...

The expectations theory of the term structure of interest rates states that the yields on financial assets of different maturities are related primarily by market expectations of future yields. The expectations theory has occupied a prominent place in both theoretical and policy debates at...

The Australian dollar was floated in December 1983. Since that time the exchange rate has become more volatile and has depreciated significantly. The aim of this paper is to examine the behaviour of the foreign exchange market since the float. In particular, the paper considers whether the joint...

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