Inflation, unemployment and the NAIRU in Australia

Article Abstract:

Developing a model based on the interrelationship between Australia's unemployment and inflation is problematic. Accurately estimating the non-accelerating inflation rate of unemployment (NAIRU) is difficult, and unemployment deviations in a NAIRU may not impact inflation as much as changes in unemployment alone. Therefore, inflation equations are likely to be insufficient in predicting the rate of unemployment.

Analysis, Economic aspects, Inflation (Finance), Unemployment, Inflation (Economics)

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Theoretical Issues in Exchange Rate Determination

Article Abstract:

Recent theory of exchange rate determination is discussed, emphasizing the use of sticky price general equilibrium models to account for the behavior of nominal and real exchange rates. Topics include structural macroeconomic models, pricing to market, and strengths and weaknesses of current models.

Models, Equilibrium (Economics)

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Exchange Rates and Capital Controls

Article Abstract:

The need for capital controls to limit volatility in exchange rates is discussed in light of the Asian currency crisis that began in 1997. Papers by Steven Husted, Mark Crosby and Graham Voss, Gordon de Brouwer, and Guay Lim are discussed.

Australia, Asia, Management, Capital movements

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