Commodity Price Shocks and the Australian Economy since Federation

Sambit Bhattacharyya and Jeffrey G Williamson ()

Departmental Working Papers from The Australian National University, Arndt-Corden Department of Economics

Abstract: Even though Australia has experienced frequent and large commodity export price shocks like the Third World, it seems to have dealt with the volatility better. Why? This paper explores Australian terms of trade volatility since 1901. It identifies two major price shock episodes before the recent mining-led boom and bust. It assesses their relative magnitude, their de-industrialization and distributional impact, and policy responses. In what way has Australia been different from other commodity exporters experiencing volatile prices?

Keywords: Commodity exports; price shocks; Australian economy (search for similar items in EconPapers)
JEL-codes: F14 F43 N17 O56 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2009
New Economics Papers: this item is included in nep-opm
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: COMMODITY PRICE SHOCKS AND THE AUSTRALIAN ECONOMY SINCE FEDERATION (2011)
Working Paper: Commodity Price Shocks and the Australian Economy since Federation (2010)
Working Paper: Commodity Price Shocks and the Australian Economy since Federation (2009)
Working Paper: Commodity Price Shocks and the Australian Economy since Federation (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:pas:papers:2009-02

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