Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80660
Authors: 
Junankar, Pramod N.
Year of Publication: 
2013
Series/Report no.: 
IZA Discussion Paper 7505
Abstract: 
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.
Subjects: 
OECD
Great Recession
macroeconomic indicators
unemployment
JEL: 
E24
E30
E60
Document Type: 
Working Paper

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