How have views on Australia's current account deficit evolved over the past two decades? What factors have shaped and altered policy and market perceptions of the current account? This paper examines these questions within the framework of the intellectual underpinnings of the debate on the current account between economists and policymakers in the 1980s and evolving macro policy framework and policy constraints.
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Paper provided by Macquarie University, Department of Economics in its series Research Papers with number
0111.
Find related papers by JEL classification: E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
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