Macroeconomic Consequences of Terms of Trade Episodes, Past and Present

Dados Bibliográficos

ID20437384
AutoresTim Robinson (0000-0002-7831-3336, The University of Melbourne, autor correspondente), Tim Atkin (Reserve Bank of Australia, autor correspondente), Mark Caputo (Reserve Bank of Australia, autor correspondente), Hao Wang (0000-0003-3392-1562, Reserve Bank of Australia, autor correspondente)
Ano2017
Volume57
Fascículo3
Páginas291-315
Data de publicação2017-11-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoAustralian Economic History Review (JOURNAL)
Identificadores do periódicoISSN: 0004-8992 • E-ISSN: 1467-8446
EditoraWiley (PUBLISHER • GB)
DOI10.1111/aehr.12090
OpenAlexW2141718378
IdiomaEN
Citações recebidas1
Referências 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