Macroeconomic Consequences of Terms of Trade Episodes, Past and Present

Datos Bibliográficos

ID20437384
AutoresTim Robinson (0000-0002-7831-3336, The University of Melbourne, autor de correspondencia), Tim Atkin (Reserve Bank of Australia, autor de correspondencia), Mark Caputo (Reserve Bank of Australia, autor de correspondencia), Hao Wang (0000-0003-3392-1562, Reserve Bank of Australia, autor de correspondencia)
Año2017
Volumen57
Número3
Páginas291-315
Fecha de publicación2017-11-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaAustralian Economic History Review (JOURNAL)
Identificadores de la revistaISSN: 0004-8992 • E-ISSN: 1467-8446
EditorialWiley (PUBLISHER • GB)
DOI10.1111/aehr.12090
OpenAlexW2141718378
IdiomaEN
Citas recibidas1
Referencias citadas25

The early‐twenty first century saw Australia experience its largest and longest terms of trade boom. This paper places the most recent terms of trade boom in its historical context. While similarities exist with previous episodes, the macroeconomic policy frameworks and settings prevailing were quite different to those of the past. These different frameworks and settings mitigated the broader macroeconomic consequences of the terms of trade upswing and may do likewise as it declines

Boom · Context (archaeology) · Economics · International economics · Keynesian economics · Macroeconomics · Australian History and Society · Geology · History · Mining and Resource Management · Natural Resources and Economic Development