This paper presents a taxonomy of major macro-economic determinants of Australia's current account deficit during the operation of the crawling and floating exchange rate regimes during the decade 1977-1986. The econometric analysis of the impacts of external and internal shocks provide...

This study reviews the analytics and empirics underpinning the Australian twin deficits using cointegration and Granger causality techniques over the study period 1983Q1 to 1991Q2. The relevance of the Barro-Ricardo theorem and the Feldstein-Horioka findings to examine the confliciting scenarios...