Macroeconomic adjustment to external shocks : essays on the behaviour of individuals and markets
This thesis consists of three distinct sections. The first two sections present theoretical models of the response of private agents to an unanticipated terms of trade shock and to changes in government net saving, respectively. The third section examines the joint behaviour of interest rates and the exchange rate. The link between the sections is that they were all motivated by the response of the Australian macro economy to the 1985/86 adverse terms of trade shock, and by the...[Show more]
|Collections||Open Access Theses|
|b17697396_Gruen_D_W_R.pdf||111.09 MB||Adobe PDF|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.