摘要:

This paper considers whether the speculative efficiency hypothesis holds in the foreign exchange market since the floating of the Australian dollar in December 1983. For the post‐float period as a whole, the speculative efficiency hypothesis can be rejected in the 30‐day market but not in the 15‐day or 90‐day markets. Evidence of a structural change in the market in February 1985—the time of the first major depreciation ‐ was

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1988.tb02035.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

摘要:

This paper analyzes the nature of contemporary political economy. The attempt to distinguish political economy from orthodox economics according to the role played by value‐judgements or policy prescriptions is rejected as misleading. Instead the principal concerns of political economy are identified by reference to six contributory currents of thought, ranging from the critique of neoclassical economics and the reconstruction of Keynesian economics, through the development of Marxist and institutional analyses, to the influence of feminism and environmentalism. The paper concludes with some comments on the place of political economy in the university curriculu

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1988.tb02036.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

摘要:

The impact of regulation of the nominal rate of interest for mortgages in the Australian market for housing finance is examined under inflationary conditions. It is argued that the neglected distributional consequences of the induced tightening of non‐price rationing of funds militate against the availability of housing finance to low income groups and first home buyers. Policy to increase availability should take account of the institutional features of the mortgage contrac

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1988.tb02037.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

摘要:

This paper describes a method of balancing the Income and Expenditure Accounts. By formulating the accounts in a social accounting matrix, assigning reliability weights to the items in the accounts, and using an elegant balancing method advanced by Stone, the discrepancies in the accounts may be removed. Results of this are presented for the period 1970‐71 to 1983

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1988.tb02038.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

摘要:

This paper outlines a scheme for distributing natural disaster relief to individuals derived from the principles of equity in taxation. This scheme is then given a specific algebraic formulation which, given a constraint on the total value of grants to be distributed, can be solved subject to grant‐making bodies determining one of two policy parameters, viz, a subsistence income level below which disaster victims would bear no damage themselves, or the rate at which grants are reduced as peoples' incomes increase. The scheme as outlined can be adapted to policy makers' different specifications of one of these two parameters. Empirical implementation of the scheme is illustrate

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1988.tb02039.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

摘要:

Book reviewed in this article:Protection, Growth and Trade: Essays in International Economics, by W.M. CordenHandbook of Labor Economics, Vols 1 and 2, edited by O.C. Ashenfelter and R. LayardUnemployment and the Labour Market: Anatomy of the ProblemBureau ofLabourMarketResearchInternational and Comparative Industrial Relations, by G.J. Bamber and R.D. LansburyThe Scheme of Economics and Philosophy for a World of Uncertainty; Some Problems Resolved. Vols I&2, by N.F. LaingMainstreams in Industrial Organization, Books 1 and 2, Studies in Industrial Organization, Volume 6, edited by H.W. De Jong and W.G. ShepardThe Theory of Duality and International Trade, by Pasquale M. SgroThe Economics of Futures Markets, by J.L. SteinThe Australian Monetary System 1851–1914, by S.J. Butl

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1988.tb02040.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1988.tb02041.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1988.tb02042.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1988.tb02043.x

出版商:Blackwell Publishing Ltd    

年代:1988

数据来源: WILEY