Arbeitspapier

Australia: The Miracle Economy

Most of the countries of the OECD are still suffering from the Global Financial Crisis (GFC) (or as the Americans call it the Great Recession), but the Australian economy appears to be powering ahead. It is a miracle economy! Unlike most of the OECD countries, Australia did not even have a recession. In this paper we study the behaviour of the Australian economy compared to some of the OECD countries and see that, in fact, Australia has a miracle economy. The comparisons are made in terms of several macroeconomic indicators, GDP, Unemployment, Inflation, Current Account Balances, and debt.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 7505

Klassifikation
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
Thema
OECD
Great Recession
macroeconomic indicators
unemployment

Ereignis
Geistige Schöpfung
(wer)
Junankar, Pramod N.
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2013

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Junankar, Pramod N.
  • Institute for the Study of Labor (IZA)

Entstanden

  • 2013

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