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The Current Account Debate in Australia: Changing Policy Perspectives

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Author Info
Jocelyn Horne () (Department of Economics, Macquarie University)

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Abstract

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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File URL: http://www.econ.mq.edu.au/research/2001/11-2001Horne.PDF
File Format: application/pdf
File Function: First Version, 2001
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Publisher Info
Paper provided by Macquarie University, Department of Economics in its series Research Papers with number 0111.

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Length: 36 pages.
Date of creation: Dec 2001
Date of revision:
Handle: RePEc:mac:wpaper:0111

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Postal: Sydney NSW 2109
Web page: http://www.econ.mq.edu.au/
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Related research
Keywords: current account debate; macro policy; neoclassical intertemporal model;

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

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Buchanan, James M, 1987. "The Constitution of Economic Policy," American Economic Review, American Economic Association, vol. 77(3), pages 243-50, June. [Downloadable!] (restricted)
  2. Normandin, Michel, 1999. "Budget deficit persistence and the twin deficits hypothesis," Journal of International Economics, Elsevier, vol. 49(1), pages 171-193, October. [Downloadable!] (restricted)
    Other versions:
  3. Jerome Fahrer, . "Is Pitchford Right? Current Account Adjustment, Exchange Rate Dynamics and Macroeconomic Policy," RBA Research Discussion Papers rdp9001, Reserve Bank of Australia.
  4. Hans Genberg, . "The Fiscal Deficit and the Current Account: Twins or Distant Relatives?," RBA Research Discussion Papers rdp8813, Reserve Bank of Australia.
  5. Ghosh, Atish R, 1995. "International Capital Mobility amongst the Major Industrialised Countries: Too Little or Too Much?," Economic Journal, Royal Economic Society, vol. 105(428), pages 107-28, January. [Downloadable!] (restricted)
  6. Susan Collins, 1994. "Experiences with Current Account Deficits Among Asian Economies: Lessons for Australia?," RBA Annual Conference Volume, in: Philip Lowe & Jacqueline Dwyer (ed.), International Intergration of the Australian Economy Reserve Bank of Australia. [Downloadable!]
  7. Guest, Ross S & McDonald, Ian M, 2001. "Ageing, Optimal National Saving and Future Living Standards in Australia," The Economic Record, The Economic Society of Australia, vol. 77(237), pages 117-34, June. [Downloadable!] (restricted)
  8. Karfakis, Costas & Kim, Suk-Joong, 1995. "Exchange rates, interest rates and current account news: some evidence from Australia," Journal of International Money and Finance, Elsevier, vol. 14(4), pages 575-595, August. [Downloadable!] (restricted)
    Other versions:
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Neil Dias Karunaratne, 2008. "The Polemics and Empirics of the Sustainability of Australia’s Current Account Deficit - Revisited," Discussion Papers Series 364, School of Economics, University of Queensland, Australia. [Downloadable!]
  2. Rochelle Belkar & Lynne Cockerell & Christopher Kent, 2007. "Current Account Deficits: The Australian Debate," Working Papers Central Bank of Chile 450, Central Bank of Chile. [Downloadable!]
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This page was last updated on 2009-11-19.


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