NEW Submission to the Senate Select Committee on the Cost of Living
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Welcome to Buoyant Economies Explaining what is happening in our economies and what can be done about it |
The effect of using the exchange rate to balance international receipts and payments (YouTube video) Managing the Balance of Payments in the Kingdom of Tonga (YouTube video)
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Many economies are experiencing slow rates of economic growth, high unemployment, rising domestic and foreign debt and high rates of inflation. This site seeks to diagnose the cause of those problems and present remedies. It is based upon the author's experience as an economist. The following is a summary of the material on this site together with links to the pages, papers and worksheets:
PAPERS IN PDF FORMAT The following is a list of papers available in PDF and word format. The first 3 were presented at the Australian Economic Society Conference in Adelaide in 1995. (Note that these are large files and they may take a while to download.) 1. The failings of monetary policy in Australia (pdf 720 KB)
2. The failings of the floating exchange rate system
3. An introduction to the optimum exchange rate system
The following
paper was presented at the
Australian Economic Society Conference in Canberra in 1996.
4. Floating exchange rates and sunken economies
The following
paper was presented to a conference of Post Keynesian Economists in 1999
in Knoxville Tennessee.
5. Generating
balance demand and supply to achieve full employment and price stability (pdf
167KB)
Other papers of
interest include: 6. Submission from Buoyant Economies to the Financial System Inquiry Submission made 20 November 1996 (pdf 107 KB)
7. Submission to the Industrial Relations Commission
regarding the ACTU Living Wage Case
8. Rising foreign debt, slow economic growth
and high unemployment (pdf 173 KB): A brief explanation of their cause in
Australia and how to overcome them 9. Submission to the NZ Inquiry into the future monetary framework (MS Word 293 KB): The causes of inflation and an approach to reducing inflation and managing foreign debt. 10. Submission to the Australian Senate inquiry into Competition within the Australian banking sector. Considers the difference between banks and non-bank financial institutions and the environment required for healthy competition. 11. Submission to the New Zealand Savings Group. Considers different forms of saving and discusses the US response in 1973 to the growth of bank credit and declining foreign reserves. Recommends an approach to manage bank lending according to national savings. 12. International Monetary Alliance (MS Word 45 KB): An international institution for mutual support of currencies to provide balance of payments stability and exchange rate stability suitable for economies with fixed and variable exchange rates. 13. Mining Investment Boom: A Double Edge Sword for the Australian Economy (pdf 211 KB) This article was first published by Finsia in its inFinance magazine in August 2011. 14. Saving the Euro: Discusses the causes of the failure of the Euro. Provides a painless remedy for Europe and the Euro. A number of options are tested in models before a sustainable system is proposed. 15 Submission to the Financial System Inquiry (pdf) (html) - Includes a new formula for the relationship between bank credit and inflation. 16. The Articles of the Economic Alliance provides the rules for a group of countries to cooperate and achieve economic stability and economic growth. 17. Submission to the Senate Select Committee Inquiry on the Cost of Living.
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