2009, English, Article, Other article edition: Commodity price shocks and the Australian economy since Federation Sambit Bhattacharyya; Jeffrey G. Williamson

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Bookmark: http://trove.nla.gov.au/version/193069551
Physical Description
  • Discussion paper
Published
  • Centre for Economic Policy Research, 2009-04-15 00:00:00
Language
  • English

Edition details

Title
  • Commodity price shocks and the Australian economy since Federation
Author
  • Sambit Bhattacharyya
  • Jeffrey G. Williamson
Published
  • Centre for Economic Policy Research, 2009-04-15 00:00:00
Physical Description
  • Discussion paper
Subjects
Date or Place
  • Australia
Summary
  • Australia has experienced frequent and large commodity export price shocks like Third World commodity exporters, but this price volatility has had much more modest impact on economic performance. Why? This paper explores Australian terms of trade volatility since 1901. It identifies two major price shock episodes before the recent mining-led boom and bust. It assesses their relative magnitude, their de-industrialization and distributional impact during the booms, and their labour market and policy responses throughout. Australia has indeed responded differently to volatile commodity prices than have other commodity exporters.
Language
  • English
Identifier
  • oai:apo.org.au:14417

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