Are Australia's Current Account Deficits Excessive?

Are Australia's Current Account Deficits Excessive?
This paper compares the evolution of the Australian current account balance over the period 1954-94 against an optimal current account derived from a consumption-smoothing model. The findings indicate that the Australian current account was not used to smooth consumption optimally in the period prior to the relaxation of capital controls in the... READ MORE...

Publication date: August 1996
ISBN 9781451850703
$15.00

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