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The net income deficit over the past two decades


  • Australian Treasury

    (Treasury, Government of Australia)


This article analyses the factors behind the fall in the net income deficit. The decline in the net income deficit is a function both of a significant slowing in the rate of growth of Australia’s net foreign liabilities and a reduction in the average yield on net foreign liabilities. As a result, Australia’s capacity to finance its external liabilities is the strongest it has been for some time.

Suggested Citation

  • Australian Treasury, 2001. "The net income deficit over the past two decades," Economic Roundup, The Treasury, Australian Government, issue 1, pages 105-135, May.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2001_1_4

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    References listed on IDEAS

    1. David Gruen & Glenn Stevens, 2000. "Australian Macroeconomic Performances and Policies in the 1990s," RBA Annual Conference Volume,in: David Gruen & Sona Shrestha (ed.), The Australian Economy in the 1990s Reserve Bank of Australia.
    2. Tony Makin, 1990. "The Cad: Not Really The Villain In Australia'S Macroeconomic Melodrama," Economic Papers, The Economic Society of Australia, vol. 9(3), pages 77-84, September.
    3. William F. Sharpe, 1964. "Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk," Journal of Finance, American Finance Association, vol. 19(3), pages 425-442, September.
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    Cited by:

    1. David Gruen & Jason Harris, 2004. "Might the United States continue to run large current account deficits?," Economic Roundup, The Treasury, Australian Government, issue 2, pages 45-54, August.

    More about this item


    foreign debt; international finance; national income;

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation


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