EPISODE · Dec 3, 2006 · 29 MIN
Lecture 4: The Recession of 1990 and its Legacy
from Boyer Lectures · host Australian Broadcasting Corporation
Finance excess saw boom turn to bust, and Australia experience its third recession in a quarter of a century. Then-treasurer Paul Keating would infamously observe it was 'the recession we had to have.' Perhaps it was—or was it caused by overly tight monetary policy?
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