Advanced Search
MyIDEAS: Login to save this paper or follow this series

Beyond Stop/Go?: Explaining Australia’s Long Boom

Contents:

Author Info

  • Stephen Bell

    (University of Queensland)

  • John Quiggin

    ()
    (Department of Economics, University of Queensland)

Abstract

The pattern of boom and bust that characterised the Australian economy from the early 1970s to the early 1990s currently seem to be a thing of the past as Australia enters its sixteenth year of uninterrupted expansion. The expansion has lasted twice as long as those of the 1970s and 1980s, which raises the question — why has it happened? one way of simplifying our approach to this question is to identify the major factors that previously precipitated major slumps or recessions. The major recessions of the mid 1970s, the early 1980s and the early 1990s, were induced by monetary policy and a determination by of the Treasury and Reserve Bank to slow an overheated economy. The first two policy-induced recessions were aimed primarily at fighting inflation. The recession of the early 1990s was a product of policy attempts to slow the economy in the face of a combined current account crisis and domestic financial overheating, particularly the credit-fuelled asset price inflation of the late 1980s. Our main task in this paper is to try and explain why these earlier recessionary drivers have thus far largely abated during the current expansion. This involves tracing two processes, the economic problems in question, and the policy responses to them, especially the monetary policy responses

(This abstract was borrowed from another version of this item.)

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.uq.edu.au/rsmg/WP/WP_P07_03.pdf
Our checks indicate that this address may not be valid because: 404 Not Found. If this is indeed the case, please notify (David Adamson)
Download Restriction: no

Bibliographic Info

Paper provided by Risk and Sustainable Management Group, University of Queensland in its series Australian Public Policy Program Working Papers with number WPP07_3.

as in new window
Length:
Date of creation: Nov 2007
Date of revision:
Handle: RePEc:rsm:pubpol:p07_3

Contact details of provider:
Postal: Colin Clark Building, no 39, St. Lucia, Qld. 4072
Phone: +61 7 3365 6601
Fax: +61 7 3365 6601
Email:
Web page: http://www.uq.edu.au/rsmg/index.htm
More information through EDIRC

Related research

Keywords:

Other versions of this item:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:rsm:pubpol:p07_3. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (David Adamson).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.