DO HIGH INTEREST RATES IMPROVE OR WORSEN THE CURRENT ACCOUNT?

Authors

  • RONALD BEWLEY,

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      The authors are respectively Director, Business Econometrics & Forecasting Group, University of NSW, and Chief Economist, Chase AMP Bank Limited. This paper represents the individual professional views of the authors. An earlier and less formal presentation of the concepts developed in this paper was published in the Australian Financial Review, 8 May 1990. Ron Bewley acknowledges the Australian Research Council which partially funded his contribution to this paper.

  • GARRY WHITE

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      The authors are respectively Director, Business Econometrics & Forecasting Group, University of NSW, and Chief Economist, Chase AMP Bank Limited. This paper represents the individual professional views of the authors. An earlier and less formal presentation of the concepts developed in this paper was published in the Australian Financial Review, 8 May 1990. Ron Bewley acknowledges the Australian Research Council which partially funded his contribution to this paper.


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