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Price Expectations and the Australian Price Level: 1901–30

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  • DAVID POPE

Abstract

This paper examines the sources of change in Australian prices in the first three decades of this century. It probes the information content of simple ‘money is dominant’ models of inflation and of the expectations‐augmented Phillips curve and shows that price expectations played a dramatically different role then than in the 1970s.

Suggested Citation

  • David Pope, 1982. "Price Expectations and the Australian Price Level: 1901–30," The Economic Record, The Economic Society of Australia, vol. 58(4), pages 328-338, December.
    • Handle: RePEc:bla:ecorec:v:58:y:1982:i:4:p:328-338
    DOI: 10.1111/j.1475-4932.1982.tb00383.x
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    References listed on IDEAS

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    1. Rao, B Bhaskara, 1977. "An Analysis of the Short and Long-run Trade-offs between Unemployment and Inflation and Estimates of the Equilibrium Steady State Unemployment Rate in Australia," Australian Economic Papers, Wiley Blackwell, vol. 16(29), pages 273-284, December.
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