 Macroeconomic Policy for Australia in the 1990sChapter 17 in Selected Essays on Economic Policy, 2001, pp 247-254 from Palgrave Macmillan Abstract: Abstract As I was called a squib for not setting out systematically the detailed ingredients of a middle way in the Donald Horne Address in February 1992,1 I must try to do better this time. One reason why I ‘squibbed’ was because I believed (I still do) that a necessary prerequisite was to analyse the implications of important markets — those for labour, property, foreign exchange, financial assets — not behaving in a socially optimum manner as the textbooks would have it. Only then would it be possible to think about policies which were designed to deal with the many byproducts of their individual and collective impacts on the working of the Australian economy. Moreover, as I had been away from Australia for nearly ten years, I thought it would have been a bit of a cheek to arrive home giving detailed advice as I stepped off the plane, as opposed to raising key issues and identifying real problems in a more general way. I did make some specific suggestions in my Horne Address whenever I felt I was competent to do so. Keywords: Monetary Policy; Public Debt; Full Employment; Capital Expenditure; Macroeconomic Policy (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51056-2_17 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.