IMF lending has risen sharply in the wake of the global financial crisis from the lows in the mid 2000s. Despite increasing recently, the number of new IMF financing arrangements has been relatively small, but the average size of these arrangements is high by historical standards. Much of the...

Labour mobility plays a role in allocating workers to suitable jobs and is important in helping the economy adjust to shocks and structural change. But there are also benefits from longer job tenure, and costs associated with workers changing jobs. This article presents some stylised facts about...

In the medium to long run, the growth of real income depends largely on productivity growth. Australia’s trend productivity growth declined noticeably in the 2000s compared with the period of strong growth in the 1990s. However, the effect of the decline in productivity growth on per capita...