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Details van artikel 121 van 132 gevonden artikelen
| Titel: |
The role of money during the recession in Australia in 1990—92 |
| Auteur: |
Weber, Ernst Juerg |
| Verschenen in: |
Applied financial economics |
| Paginering: | Jaargang 4 (1994) nr. 5 pagina's 355-361 |
| Jaar: |
1994-10 |
| Inhoud: |
What role did money play during the severe recession in Australia in 1990-92? A multivariate time-series model of the Australian economy is developed and the influence of each variable-including money-on real GDP is determined. A dramatic fall in the rate of monetary expansion during 1989 accounts for the severity of the recession. Indeed, the recession would have been even more serious without mitigating foreign factors. The Reserve Bank readjusted monetary policy in 1990 and there were no further adverse monetary shocks during the downward phase of the business cycle. The time-series technique employed is known as historical decomposition. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 121 van 132 gevonden artikelen
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