Responding to Shocks: Australia's Institutions and Policies

Ian McLean

No 2010-30, School of Economics and Public Policy Working Papers from University of Adelaide, School of Economics and Public Policy

Abstract: The current economic crisis has taught another generation of Australians that their economy remains vulnerable to negative external shocks, as it has been since the depression of the early 1840s. So it is unsurprising that shocks and crises figure prominently in the economic history literature, with most attention given the depressions of the 1890s and 1930s. Less attention has been given to other negative shocks, or to a comparative treatment of shocks. In particular, the implications for long-run https://media.adelaide.edu.au/economics/ to shocks have not received the scrutiny given their short run consequences.

Keywords: Australia; economic history; growth (search for similar items in EconPapers)
JEL-codes: E65 N17 O40 O56 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2010-12
New Economics Papers: this item is included in nep-his
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