Details about Anthony Makin

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Access statistics for papers by Anthony Makin.

Last updated 2023-03-10. Update your information in the RePEc Author Service.

Short-id: pma311

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Working Papers

2019

1. The China-Us Trade Imbalance: An International Macroeconomic Perspective
   Proceedings of International Academic Conferences, International Institute of Social and Economic Sciences

2011

2. Fiscal stimulus: An overlapping generations analysis
   Discussion Papers in Economics, Griffith University, Department of Accounting, Finance and Economics View citations (1)
   See also Journal Article Fiscal stimulus: an overlapping generations analysis, Economic Issues Journal Articles, Economic Issues (2012) (2012)
3. The Dynamic Effects of Fiscal Stimulus in a Two Sector Open Economy
   DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade View citations (4)

2010

4. Did Fiscal Stimulus Counter Recession? Evidence from the National Accounts
   Discussion Papers in Economics, Griffith University, Department of Accounting, Finance and Economics View citations (11)
5. How Should Macroeconomic Policy Respond to Foreign Financial Crises?
   Discussion Papers in Economics, Griffith University, Department of Accounting, Finance and Economics View citations (7)
   See also Journal Article How Should Macroeconomic Policy Respond to Foreign Financial Crises?, Economic Papers, The Economic Society of Australia (2010) View citations (6) (2010)

2008

6. The Contribution of Foreign Borrowing to the New Zealand Economy
   Treasury Working Paper Series, New Zealand Treasury View citations (1)
   See also Journal Article The contribution of foreign borrowing to the New Zealand economy, New Zealand Economic Papers, Taylor & Francis Journals (2009) View citations (3) (2009)

2007

7. China's Rapid Growth, Yuan Misalignment and Global Imbalances
   DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade

2003

8. Feasible Limits For External Deficits And Debt
   Discussion Papers Series, University of Queensland, School of Economics
   See also Journal Article Feasible Limits for External Deficits and Debt, Global Economy Journal, De Gruyter (2005) View citations (2) (2005)

1992

9. Open economy Measures of Wealth and Hicksian Income: The Australian Example
   CEPR Discussion Papers, Centre for Economic Policy Research, Research School of Economics, Australian National University

1991

10. Can Interventionism Fix the Trade Deficit?
    CEPR Discussion Papers, Centre for Economic Policy Research, Research School of Economics, Australian National University View citations (1)

Journal Articles

2023

1. New estimates of international capital mobility for select OECD economies
   International Review of Economics & Finance, 2023, 86, (C), 127-138

2022

2. Do expenditure shocks affect GDP or trade balances in deficit-prone advanced economies?
   Economic Analysis and Policy, 2022, 76, (C), 930-937
3. Macroeconomic gains from liberalising foreign investment in APEC
   Journal of the Asia Pacific Economy, 2022, 27, (4), 736-756

2021

4. The global fiscal response to COVID-19: Risks and repercussions
   Economic Analysis and Policy, 2021, 69, (C), 340-349 View citations (45)

2020

5. Public debt in developing Asia: a help or hindrance to growth?
   Applied Economics Letters, 2020, 27, (17), 1400-1403 View citations (2)

2019

6. Lessons for macroeconomic policy from the Global Financial Crisis
   Economic Analysis and Policy, 2019, 64, (C), 13-25 View citations (7)
7. Optimal Monetary Policy in Inflation Targeting Open Economies
   Economic Notes, 2019, 48, (1)
8. The optimal size of government in Australia
   Economic Analysis and Policy, 2019, 62, (C), 27-36 View citations (5)

2018

9. Prioritizing Foreign Investment In APEC
   Global Economy Journal, 2018, 18, (3), 9
   Also in Global Economy Journal (GEJ), 2018, 18, (3), 1-9 (2018)

2017

10. Is Vietnam's exchange rate overvalued?
    Journal of the Asia Pacific Economy, 2017, 22, (3), 357-371 View citations (1)
11. Missing money found causing Australia's inflation
    Economic Modelling, 2017, 66, (C), 156-162 View citations (8)

2016

12. Macroeconomic effects of terms of trade fluctuations in commodity exporting advanced economies
    Applied Economics, 2016, 48, (19), 1731-1742
13. Yen internationalization and Japan's international reserves
    Economic Modelling, 2016, 52, (PB), 452-466 View citations (1)

2015

14. Competitiveness and government expenditure: The Australian example
    Economic Modelling, 2015, 49, (C), 154-161 View citations (8)
15. EXPANSIONARY VERSUS CONTRACTIONARY GOVERNMENT SPENDING
    Contemporary Economic Policy, 2015, 33, (1), 56-65 View citations (2)
16. Has Excessive Public Debt Slowed World Growth?
    World Economics, 2015, 16, (4), 115-130 View citations (5)

2014

17. G20 and Development
    South Asian Journal of Macroeconomics and Public Finance, 2014, 3, (2), 155-173
18. Reconciling opposing views of the commodity boom
    Economic Analysis and Policy, 2014, 44, (2), 129-135
19. The Paradoxes and Pitfalls of Revived Fiscal Activism
    Economic Affairs, 2014, 34, (1), 59-67 View citations (1)
20. What expenditure does Anglosphere foreign borrowing fund?
    Journal of International Money and Finance, 2014, 40, (C), 63-78 View citations (21)

2013

21. Commodity prices and the macroeconomy: An extended dependent economy approach
    Journal of Asian Economics, 2013, 24, (C), 80-88 View citations (11)
22. Has international borrowing or lending driven Australia's net capital inflow?
    International Review of Economics & Finance, 2013, 27, (C), 134-143 View citations (3)
23. Re-examining the “twin deficits” hypothesis: evidence from Australia
    Empirical Economics, 2013, 45, (2), 817-829 View citations (10)
24. Special Issue. Guest Editor: Zhihao Yu
    Review of Development Economics, 2013, 17, (3), 609-626 View citations (1)
25. The policy (in)effectiveness of government spending in a dependent economy
    Journal of Economic Policy Reform, 2013, 16, (3), 287-301 View citations (1)

2012

26. Fiscal stimulus: an overlapping generations analysis
    Economic Issues Journal Articles, 2012, 17, (2), 1-25
    See also Working Paper Fiscal stimulus: An overlapping generations analysis, Discussion Papers in Economics (2011) View citations (1) (2011)
27. Has Australia's floating exchange rate regime been optimal?
    Economic Modelling, 2012, 29, (4), 1338-1343 View citations (1)

2011

28. Have domestic or foreign factors driven European external imbalances?
    Journal of International Money and Finance, 2011, 30, (3), 537-546 View citations (4)
29. In the Long Run, the Multiplier is Dead: Lessons from a Simulation
    Agenda - A Journal of Policy Analysis and Reform, 2011, 18, (1), 13-22 View citations (4)

2010

30. Did Australia's Fiscal Stimulus Counter Recession?: Evidence from the National Accounts
    Agenda - A Journal of Policy Analysis and Reform, 2010, 17, (2), 5-16 View citations (14)
31. Faulting Internationally Coordinated Fiscal Stimulus
    World Economics, 2010, 11, (3), 25-40
32. How Should Macroeconomic Policy Respond to Foreign Financial Crises?
    Economic Papers, 2010, 29, (2), 99-108 View citations (6)
    See also Working Paper How Should Macroeconomic Policy Respond to Foreign Financial Crises?, Discussion Papers in Economics (2010) View citations (7) (2010)

2009

33. Fiscal ‘stimulus’: A loanable funds critique
    Agenda - A Journal of Policy Analysis and Reform, 2009, 16, (4), 25-36 View citations (5)
34. Is China's Exchange Rate Policy a Form of Trade Protection&quest
    Business Economics, 2009, 44, (2), 80-86 View citations (6)
35. The contribution of foreign borrowing to the New Zealand economy
    New Zealand Economic Papers, 2009, 43, (3), 263-278 View citations (3)
    See also Working Paper The Contribution of Foreign Borrowing to the New Zealand Economy, Treasury Working Paper Series (2008) View citations (1) (2008)
36. What Future for the Future Fund?
    Economic Papers, 2009, 28, (2), 121-129

2008

37. Have US external imbalances been determined at home or abroad?
    Economic Modelling, 2008, 25, (3), 520-531 View citations (5)
38. The Inflexible Yuan and Global Imbalances
    Global Economy Journal, 2008, 8, (3), 12 View citations (3)

2007

39. Does China's Huge External Surplus Imply an Undervalued Renminbi?
    China & World Economy, 2007, 15, (3), 89-102 View citations (12)
40. RE‐EXAMINING THE EFFECTIVENESS OF STABILISATION POLICY
    Australian Economic Papers, 2007, 46, (4), 348-359 View citations (3)
41. TO PEG OR NOT TO PEG?
    The Singapore Economic Review (SER), 2007, 52, (01), 39-52

2006

42. Has Foreign Capital Made us Richer?
    Agenda - A Journal of Policy Analysis and Reform, 2006, 13, (3), 225-237 View citations (4)
43. The Welfare Cost of Capital Controls
    Economic Analysis and Policy, 2006, 36, (1-2), 13-24 View citations (1)

2005

44. A Monetary Model of Exchange Rate and Balance of Payments Adjustment
    Economic Issues Journal Articles, 2005, 10, (1), 25-36
45. Feasible Limits for External Deficits and Debt
    Global Economy Journal, 2005, 5, (1), 16 View citations (2)
    See also Working Paper Feasible Limits For External Deficits And Debt, Discussion Papers Series (2003) (2003)
46. Fiscal Risk in ASEAN
    Agenda - A Journal of Policy Analysis and Reform, 2005, 12, (3), 227-238 View citations (2)

2004

47. Decomposing Interest Differentials: An International Borrowing and Lending Approach
    Journal of Economic Integration, 2004, 19, 192-203
48. The Current Account, Fiscal Policy, and Medium‐Run Income Determination
    Contemporary Economic Policy, 2004, 22, (3), 309-317 View citations (14)

2003

49. Inflation Expectations, Interest Rates and Arbitrary Income Transfers
    Australian Economic Review, 2003, 36, (3), 283-290

2002

50. Australia's Saving Behaviour: A Macroeconomic Perspective
    Economic Analysis and Policy, 2002, 32, (1), 7-18 View citations (1)
51. Saving, productivity and national income: a discrete-time geometric framework
    Japan and the World Economy, 2002, 14, (2), 233-241 View citations (1)
52. The Public Accounts and Fiscal Policy
    Australian Economic Review, 2002, 35, (3), 349-361

2001

53. EXCHANGE RATE FUNDAMENTALS
    Economic Papers, 2001, 20, (S1), 6-20
54. Global Economy Quarterly, Issue 1
    Global Economy Journal, 2001, 2, (1), 109
55. Macroeconomic policy in an output-expenditure model
    International Advances in Economic Research, 2001, 7, (3), 337-344

2000

56. Globalisation: Context and Controversies
    Agenda - A Journal of Policy Analysis and Reform, 2000, 7, (4), 293-302

1999

57. Further Reasons for Maintaining Low Inflation
    Australian Economic Review, 1999, 32, (1), 83-88 View citations (2)
58. The Asian Currency Crisis and the Australian Economy
    Economic Analysis and Policy, 1999, 29, (1), 77-85 View citations (3)
59. The Great East Asian Capital Flow Reversal: Reasons, Responses and Ramifications
    The World Economy, 1999, 22, (3), 407-419 View citations (7)

1998

60. A New Rule for Monetary Policy
    Agenda - A Journal of Policy Analysis and Reform, 1998, 5, (1), 17-24
61. A dependent economy model of public expenditure and the exchange rate
    International Review of Economics & Finance, 1998, 7, (4), 453-463 View citations (2)
62. Foreign Investment, Growth and External Adjustment
    Economia Internazionale / International Economics, 1998, 51, (2), 229-238 View citations (1)
63. When Contractionary Fiscal Policy Is Expansionary
    Agenda - A Journal of Policy Analysis and Reform, 1998, 5, (4), 419-426 View citations (2)

1997

64. INTERNATIONAL BORROWING, LENDING AND INTEREST RATES
    Economic Papers, 1997, 16, (1), 58-64
65. The Main Determinants of Australia’s Exchange Rate
    Australian Economic Review, 1997, 30, (3), 329-339 View citations (2)

1996

66. Extended Measures of National Income and Saving
    Economic Analysis and Policy, 1996, 26, (2), 145-155
67. FISCAL POLICY AND THE EXTERNAL ACCOUNTS
    Economic Papers, 1996, 15, (1), 1-9
68. Liberalising Australia’s Foreign Investment Policy
    Agenda - A Journal of Policy Analysis and Reform, 1996, 3, (2), 135-142

1995

69. Inflation distortion of the external accounts
    Journal of Economic Studies, 1995, 22, (1), 58-65
70. The Wealth Cycle and Macroeconomic Policy
    Agenda - A Journal of Policy Analysis and Reform, 1995, 2, (4), 494-497

1994

71. Comment: Has Macroeconomic Policy Failed Australia?
    Agenda - A Journal of Policy Analysis and Reform, 1994, 1, (2), 151-155
72. Not the Current-Account Constraint Again!
    Agenda - A Journal of Policy Analysis and Reform, 1994, 1, (1), 125-127
73. Open economy measures of wealth and Hicksian national income
    Open Economies Review, 1994, 5, (4), 361-369 View citations (1)
74. WERE THE EIGHTIES THAT “EXCESSIVE”?
    Economic Papers, 1994, 13, (4), 37-43

1993

75. Capital Market Integration and Australia’s External Surplus
    Economia Internazionale / International Economics, 1993, 46, (4), 388-402
76. Capital Market Integration and National Wealth
    Australian Economic Review, 1993, 26, (2), 61-70 View citations (4)

1992

77. EXPORTABLES, IMPORTABLES AND THE TERMS OF TRADE
    Economic Papers, 1992, 11, (1), 42-52 View citations (1)
78. Interventionism, Microeconomic Reform and the External Deficit
    Australian Economic Review, 1992, 25, (1), 15-21

1990

79. Comment: on ‘The Operation of Monetary Policy’
    Australian Economic Review, 1990, 23, (2), 17-17
80. THE CAD: NOT REALLY THE VILLAIN IN AUSTRALIA'S MACROECONOMIC MELODRAMA
    Economic Papers, 1990, 9, (3), 77-84 View citations (1)
81. The Real Federal Budget Imbalance
    The Economic Record, 1990, 66, (3), 249-253 View citations (2)
82. Whither the Balance of Payments: Comments on Moore and Lewis and Polasek
    Australian Economic Review, 1990, 23, (3), 37-41

1989

83. Is the Current Account Deficit Sustainable?
    Australian Economic Review, 1989, 22, (2), 29-33 View citations (15)

1988

84. Targeting Australia’s Current Account: A New Mercantilism?
    Economic Analysis and Policy, 1988, 18, (2), 199-212 View citations (5)

1987

85. THE EXTERNAL ACCOUNTS, THE DOLLAR, AND MONETARY POLICY
    Economic Papers, 1987, 6, (1), 11-21

1984

86. The Main Determinants of the Exchange Rate
    Economic Analysis and Policy, 1984, 14, (1), 20-29

Books

2018

1. The Limits of Fiscal Policy
   Springer Books, Springer View citations (4)

2009

2. Global Imbalances, Exchange Rates and Stabilization Policy
   Palgrave Macmillan Books, Palgrave Macmillan View citations (5)

2003

3. Global Finance and the Macroeconomy
   Palgrave Macmillan Books, Palgrave Macmillan View citations (5)

1994

4. International Capital Mobility and External Account Determination
   Palgrave Macmillan Books, Palgrave Macmillan View citations (12)

Edited books

2022

1. Economics and Finance Readings
   Springer Books, Springer

Chapters

2022

1. The Pandemic’s Pernicious Public Debt Legacy
   Chapter 2 in Financial Transformations Beyond the COVID-19 Health Crisis, 2022, pp 45-62

2015

2. Is Australia's Foreign Investment Policy in the National Interest?
   Chapter 11 in Australia's Trade, Investment and Security in the Asian Century, 2015, pp 175-183

2014

3. How solid are the BRICS? An economic overview
   Chapter 2 in The Rise of the BRICS in the Global Political Economy, 2014, pp 11-26

2012

4. The Fiscal Policy Response to the Global Financial Crisis: A Critique
   Chapter 6 in Regulatory Failure and the Global Financial Crisis, 2012 View citations (1)

2009

5. Capital Mobility and National Income
   Palgrave Macmillan
6. Epilogue
   Palgrave Macmillan
7. External Imbalances and National Income
   Palgrave Macmillan
8. External Imbalances, Exchange Rates and Interest Rates
   Palgrave Macmillan
9. Global Imbalances and Exchange Rates
   Palgrave Macmillan View citations (5)
10. Introduction
    Palgrave Macmillan
11. Macroeconomic Policy, Interest Rates and National Income
    Palgrave Macmillan
12. Monetary Policy and the Real Exchange Rate
    Palgrave Macmillan
13. Money, Exchange Rates and the Balance of Payments
    Palgrave Macmillan
14. Select Stabilization Policy Issues
    Palgrave Macmillan
15. The Global Economy and External Imbalances
    Palgrave Macmillan

2003

16. Accounting and Measurement Issues
    Palgrave Macmillan
17. Early Balance of Payments Models
    Palgrave Macmillan
18. Evolution of the International Financial System
    Palgrave Macmillan
19. Financial Flows, Interest Rates and Exchange Rates
    Palgrave Macmillan
20. Financial Globalisation and Emerging Market Crises
    Palgrave Macmillan
21. Foreign Capital and Economic Growth
    Palgrave Macmillan
22. Intertemporal Trade, Capital Mobility and Interest Rates
    Palgrave Macmillan
23. Macroeconomic Policy in the Open Economy
    Palgrave Macmillan
24. Money, Expenditure and External Adjustment
    Palgrave Macmillan

1994

25. Capital Mobility and the External Accounts
    Palgrave Macmillan
26. Capital-theoretic Approaches to the External Accounts
    Palgrave Macmillan
27. Introduction
    Palgrave Macmillan
28. Policy Issues and Conclusion
    Palgrave Macmillan
29. The External Accounting Framework
    Palgrave Macmillan
30. Traditional Approaches to the External Accounts
    Palgrave Macmillan