Macroeconomic Consequences of Terms of Trade Episodes, Past and Present

Tim Atkin, Mark Caputo, Tim Robinson and Hao Wang

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

Abstract: The early 21st century saw Australia experience its largest and longest terms of trade boom. This paper places this recent boom in a long-run historical context by comparing the current episode with earlier cycles. While similarities exist across most episodes, current macroeconomic policy frameworks and settings are quite different to those of the past. This mitigated the broader macroeconomic consequences of the upswing and as the terms of trade decline may do likewise.

Keywords: Commodity prices; terms of trade; macroeconomic policy (search for similar items in EconPapers)
JEL-codes: E30 E60 N17 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2014-01
New Economics Papers: this item is included in nep-his, nep-int, nep-mac and nep-sog
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
https://cama.crawford.anu.edu.au/sites/default/fil ... to_robinson_wang.pdf (application/pdf)

Related works:
Journal Article: Macroeconomic Consequences of Terms of Trade Episodes, Past and Present (2017)
Working Paper: Macroeconomic Consequences of Terms of Trade Episodes, Past and Present (2014)
Working Paper: Macroeconomic Consequences of Terms of Trade Episodes, Past and Present (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:een:camaaa:2014-11

Access Statistics for this paper

More papers in CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University Contact information at EDIRC.
Bibliographic data for series maintained by Cama Admin ().