- Commodity Price Shocks and the Australian Economy since Federation
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- by Bhattacharyya, Sambit; Williamson, Jeffery G.
- 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
- Publication Type: WCFIA Working Paper
- Published Date: July 2009
- Field of Interest: International Economics
- Bhattacharyya, Sambit, and Jeffrey G. Williamson. "Commodity Price Shocks and the Australian Economy since Federation." Working Paper 2009-0011, Weatherhead Center for International Affairs, Harvard University, July 2009.