Using macroeconomic theory for macroeconomic policymaking: Understanding Australia’s successful experience from the 1920s to the end of the 20th century.



Professor David Vines, University of Oxford


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Wednesday, 17 April, 2019 - 11:00 to 12:00

Why is macroeconomic policymaking in Australia generally seen as successful by observers in the rest of the world? Professor David Vines will explore the radical shift in thinking about open- economy macroeconomics which has taken place in Australia between the 1920s and the present. This story began with an economy on the gold standard, with a protectionist trade policy, and with centralised wage fixing; an analysis of this process was set out in the Brigden Report of 1929.

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