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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Detaylı Bibliyografya
Yazar: McDermott, C.
Diğer Yazarlar: Cashin, Paul
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 1996.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 1996/085
Online Erişim:Full text available on IMF