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3 The Deterioration of the Current Account

3 The Deterioration of the Current Account »

Source: Australia : Benefiting from Economic Reforms

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 1998

ISBN: 9781557757326

Keywords: inflation, unemployment, monetary policy, employment, current account deficit

Australia has recorded current account deficits for most of the postwar period. From the 1950s through the 1970s, these deficits were relatively small and reflected a high level of investment associated with...