EPISODE · Dec 10, 2006 · 30 MIN
Lecture 5: The Long Expansion
from Boyer Lectures · host Australian Broadcasting Corporation
The 1990 recession returned Australia to low inflation and paved the way for the sort of stability—15 years and counting—that earlier recessions had failed to achieve. Through the 1990s sustained economic growth re-emerged, and a new approach to monetary policy based on inflation targeting and central bank independence was put in place.
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Lecture 5: The Long Expansion
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