Macroeconomic Policymaking for Small, Open Economies
This seminar explores a number of pressing macroeconomic issues, including federal budget, the national debt, and unemployment, from the perspective of the Australian economy.
Questions to be addressed include:
How much policy flexibility do small, open economies like Australia gain from having a sovereign currency, as compared to larger economies like the United States?
How can small economies with floating exchange rates respond to international currency volatility or investment shocks?
Is export-led growth an effective strategy for small, open economies like Australia? Why/why not?
How successful has Australia’s recent macroeconomic approach been for achieving full employment?
What can policymakers learn from the Australian response to the global financial crisis?