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5 Inflation and Monetary Policy Reform

5 Inflation and Monetary Policy Reform »

Source: Australia : Benefiting from Economic Reforms

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 1998

ISBN: 9781557757326

Keywords: inflation, unemployment, monetary policy, employment, current account deficit

A key feature of Australia’s economic performance in the 1970s and for most of the 1980s was relatively high inflation. In the 1970s, inflation rose more sharply than in other OECD countries and, in the 1980...

2 Australia’s Long-Term Economic Performance

2 Australia’s Long-Term Economic Performance »

Source: Australia : Benefiting from Economic Reforms

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 1998

ISBN: 9781557757326

Keywords: inflation, unemployment, monetary policy, employment, current account deficit

For much of the postwar era, Australia’s economic performance has been relatively disappointing. From the 1960s through the 1980s, per capita growth rates were significantly lower than those of other industr...

7 Product Market Reform

7 Product Market Reform »

Source: Australia : Benefiting from Economic Reforms

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 1998

ISBN: 9781557757326

Keywords: inflation, unemployment, monetary policy, employment, current account deficit

One of the most important reasons for Australia’s relatively poor productivity performance in the 1970s and 1980s discussed in Chapter 2 was the historical lack of openness of the economy, owing to high impo...