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| Douglas, Justin J.; Bartley, Scott W.. |
| The level of and movements in interest rates and the exchange rate can have a substantial impact on the economic performance of Australia's primary industries. Whether a country and/or exchange risk premium has resulted in higher interest rates and increased volatility in the exchange rate is therefore important to these industries. There is some evidence that a small country risk premium may have emerged during the early 1990s. In line with earlier studies, however, no evidence was found of such a premium during the 1980s. A further finding is that any exchange risk premium may have declined over the last decade or so. Possible links between risk premia and Australia's foreign debt and current account deficits are also examined. |
| Tipo: Journal Article |
Palavras-chave: Financial Economics; Risk and Uncertainty. |
| Ano: 1997 |
URL: http://purl.umn.edu/118016 |
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| O'Mara, L. Paul; Bartley, Scott W.; Ferry, R.N.; Wright, Robert S.; Calder, M.F.; Douglas, Justin J.. |
| The impact of structural changes in fiscal policy on macroeconomic stability in Australia and other developed economies since the mid‐1970s is assessed. The evidence points to a destabilising influence from fiscal policy from the mid‐1970s to the mid‐1980s, with a more stabilising influence since then. Within Australia, there is some evidence that structural changes to fiscal policy may have helped to stabilise interest rates and the real exchange rate over the period since the mid‐1980s. However, this stabilising influence on the real exchange rate may have reduced the extent to which real exchange rate movements have countervailed world commodity price changes in Australian dollar terms. |
| Tipo: Journal Article |
Palavras-chave: Agricultural Finance. |
| Ano: 1999 |
URL: http://purl.umn.edu/117039 |
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