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The Business Cycle — Developments in the Economy’s Response to Disturbances


  • Australian Treasury

    (Treasury, Government of Australia)


This article examines some of the developments influencing the Australian economy’s response to disturbances such as drought, movements in world commodity prices and changing economic conditions in our trading partners and world financial markets. These developments include changes in macroeconomic policy, the floating of the exchange rate, microeconomic reform and changes in the pattern of business investment.

Suggested Citation

  • Australian Treasury, 1998. "The Business Cycle — Developments in the Economy’s Response to Disturbances," Economic Roundup, The Treasury, Australian Government, issue 1, pages 45-67, February.
  • Handle: RePEc:tsy:journl:journl_tsy_er_1998_1_1

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    References listed on IDEAS

    1. Tim Callen, 1991. "Estimates of Private Sector Wealth," RBA Research Discussion Papers rdp9109, Reserve Bank of Australia.
    2. Piggott, John, 1987. "The Nation's Private Wealth--Some New Calculations for Australia," The Economic Record, The Economic Society of Australia, vol. 63(180), pages 61-79, March.
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    More about this item


    business cycle; exchange rate; microeconomic reform;

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy


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