The rapid globalisation of the information economy has unleashed new pressures for increasing the tradabity of information services. There exists a large gap, however, between the rhetoric of the advocates of free trade in services and their protectionist practices.

This study analyses the reasons why the prevalance hysteresis in the Australian unemployment rate causes the unemployment rate to deviate from the natural rate during the study period 1966-1991. A simultaneous equation model is specified to illustrate the channels that generate hysteresis in the...

This study examines the paradoxical coexistence of high unemployment rates and real wage flexibility during the period 1966-92 in Australai. The neoclassical paradigm postulates that real wage flexibility is a per-requisite to operate at the natural rate or full employment level of output. The...

Australia's inflation rate and inflation uncertainty during the post-float era 1983Q3-2006Q4 have acted as important barometers of Australia's macroeconomic performance. The conceptualisation and measurement of the nexus between inflation and inflation uncertainty is subject to complex dynamics....