Browsing Research Publications and Outputs by title
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Uncovered Interest Parity Hypothesis for Major Currencies
Published 1993-05-01The objectives of this paper are to examine the nominal uncovered interest parity (UIP) hypothesis for three major currencies against the US dollar using the monthly data for the period 1974-1989. Forward looking expectations, ...Open AccessWorking Paper -
Union Objectives, Wage Bargaining and the Phillips Curve
Published 1987-10-01Open AccessWorking Paper -
Union-Firm Bargaining as a Repeated Prisoner's Dilemma
Published 1987-01-01Open AccessWorking Paper -
Unionisation, Industrial Relations and Labour Productivity Growth in Australia: A Pooled Time-Series/Cross-Section Analysis of TFP Growth
Published 1993-09-01This study examines the impact of unionisation and other industrial relations variables on total factor productivity (TFP) levels and growth in a conventional Cobb-Douglas production function. The estimation employs quarterly ...Open AccessWorking Paper -
The Use of Splines on the Working-Leser Engel Equation
Published 1996-11-01This study estimates total expenditure elasticities for the poor, middle income and rich Australian households using Spline functions on the Working-Leser Engel equations system. These elasticities vary substantially with ...Open AccessWorking Paper -
Waterfall illusion in risky choice – exposure to outcome-irrelevant gambles affects subsequent valuation of risky gambles
Published 2021Based on recent discoveries in economics, neuroscience, and psychology, we hypothesize that pure exposure to high-payoff or low-payoff gambles can change people's subsequent reported valuations of gambles and confirm this ...Open AccessArticle -
THE WELFARE EFFECTS OF ALCOHOL TAXATION
Published 1991-12-01This paper analyses the question of how to appropriately tax alcoholic beverages at a disaggregated level. Using the theory of tax reform, the social cost of raising revenue from different alcoholic beverages is calculated. ...Open AccessWorking Paper -
When is discretionary fiscal policy effective?
Published 2021We investigate the effects of discretionary changes in government spending and taxes using a medium-scale nonlinear vector autoregressive model with policy shocks identified via sign restrictions. Tax cuts and spending ...Article -
When Second Opinions Hurt: A Model of Expert Advice under Career Concerns
Published 2010-12-01We augment the standard career concerns model by introducing (i) an action that blocks the information about the true state of the world and (ii) the possibility that the principal might reverse her initial action after ...Open AccessWorking Paper -
Why do the Rich Save More? A Theory and Australian Evidence
Published 2006-03-01We provide a theory to explain the existence of inequality in an economy where agents have identical preferences and have access to the same production technology. Agents consume a “utility” good and a “health” good which ...Open AccessWorking Paper -
Why Has the U.S. Economy Stagnated Since the Great Recession?
Published 2022Since the Great Recession in 2007–2009, U.S. real GDP has failed to return to its previously projected path, a phenomenon widely associated with secular stagnation. We investigate whether this stagnation was due to hysteresis ...Article -
WILL THERE BE BLOOD? INCENTIVES AND SUBSTITUTION EFFECTS IN PRO-SOCIAL BEHAVIOR*
Published 2010-10-01We present evidence from observational data on nearly 14,000 American Red Cross blood drives and from a randomized natural field experiment showing that economic incentives have a positive effect on blood donations without ...Open AccessWorking Paper -
Women as Producers of Economic Articles: A Statistical Assessment of the Nature and the Extent of Female Participation in Five British and North American Journals 1900-39
Published 1994-06-01Research on Trends in professionalisation and specialisation in the early journal literature as part of a historical study of twentieth century economics discloses interesting data on the changing role of women in the ...Open AccessWorking Paper -
Zero Interest Policy & the New Abnormal: A Critique, by Michael Beenstock (Oxford University Press, Oxford, UK, 2022)
Published 2024Book review of Zero Interest Policy & the New Abnormal: A Critique, by Michael Beenstock (Oxford University Press, Oxford, UK, 2022)Article -
Zero-COVID Policies: Melbourne's 112-Day Hard Lockdown Experiment Harmed Mostly Mothers
Published 2022Lockdowns were used worldwide to mitigate the spread of SARS-CoV-2. We demonstrate that the 112-day hard lockdown in Melbourne, Australia, the longest among OECD jurisdictions, exclusively penalized families with young ...Preprint -
Zero-COVID Policies: Melbourne's 112-Day Hard Lockdown Experiment Harmed Mostly Mothers
Published 2022Lockdowns were used worldwide to mitigate the spread of SARS-CoV-2. We demonstrate that the 112-day hard lockdown in Melbourne, Australia, the longest among OECD jurisdictions, exclusively penalized families with young ...Preprint