The last 7 years has seen a large number of government and semi-government reports on the changing nature of Australia's integration into the international economy. This paper explores their difference but focuses more centrally on their common premises.

This paper presents a theoretical link between the yield curve and future economic growth in a simple stochastic growth model. The derived relationship implies that, in a simple competitive production economy, the slope of the yield curve predicts future output growth. This predictive content of...

This paper examines the rationality and optimality of the survey based expectations of Australian exchange rate and interest rates.