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 prio...
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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
1996.
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| Seria: | IMF Working Papers; Working Paper ;
No. 1996/085 |
| Dostęp online: | Full text available on IMF |