The determinants of Australia's exchange rate based on the internal-external balance approach introduced hy Williamson (1983) were analaysed. Internal balance implies that the economy is operating at supply potential ...

A creditor can balance debt recovery and humanitarian goals within an optimal contract framework. The approach ties together two strands of literature that assume either creditor self-interest (Krugman 1988) or benevolence ...

We critique the economic analysis of marriage and divorce descending from Becker (1981): we call this the "economic" approach. Marriage is based on the "productive" gains available from specialization in market production ...

The rationale for debt relief (J. Dev. Econ. 29 (1988) 253) is second best. In a first-best contract, a debtor who clears a (partly forgiven) debt receives an additional payment from the creditor called a hyper-incentive.

We propose that the formation of beliefs be treated as statistical hypothesis tests, and label such beliefs inferential expectations. If a belief is overturned through the build-up of evidence, we assume agents switch to ...

Australia, New Zealand and Romania have all fully adopted polymer (plastic) banknotes, and another 18 countries have issued at least one polymer note. The invention of polymer banknotes in Australia was motivated primarily ...

Null hypotheses in undergraduate econometrics courses are usually framed in terms of parameter values or distributions. But relatively simple techniques can also test for violations of good scientific practice. This is ...