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The 2000s was a particularly eventful decade for both the international and Australian economies. There were: two recessions in many countries; the largest international financial crisis since the Great Depression; the ongoing rapid development of Asia; asset booms and busts; and, Australia...
Persistent link: https://www.econbiz.de/10009393020
, there is a renewed interest in the long-running debate about whether or not changes in the stock of money have direct … effects. In particular, do changes in money have additional effects on aggregate demand outside of those induced by changes in … structural model with no direct effects of money to show that the finding of positive and statistically significant coefficients …
Persistent link: https://www.econbiz.de/10008509098
of the deficit have been offered, and to varying degrees we believe that all may have played a role: low private saving … prominently: private saving in the US is low because income growth is expected to be strong. We rework the standard neoclassical …
Persistent link: https://www.econbiz.de/10005423642
model it is found that, controlling for domestic expenditure (including investment), exports are a sizeable and significant …
Persistent link: https://www.econbiz.de/10008690907
This paper examines the factors that drive corporate investment in Australia using a panel of listed companies covering … the period from 1990 to 2004. Real sales growth is found to be a significant determinant of corporate investment. The user … paper also explores the effects of cash flow on investment, allowing for the possibility that the availability of internal …
Persistent link: https://www.econbiz.de/10005423651
The long-running debate about the role of monetary policy in responding to rising asset prices has received renewed attention in the wake of the global financial crisis.This paper contributes to this debate by describing the Australian experience of a cycle in house prices and credit from 2002...
Persistent link: https://www.econbiz.de/10008642169
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