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A Decade of Keating: Prospects for External Recovery?

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  • Shauna Phillips
  • Ronald Bewley
  • Garry White

Abstract

Government policy has sought to counter a deteriorating current account deficit by a regime of high interest rates. This paper analyses this policy prescription and argues that less reliance on monetary policy is essential for containing external debt.

Suggested Citation

  • Shauna Phillips & Ronald Bewley & Garry White, 1990. "A Decade of Keating: Prospects for External Recovery?," The Economic and Labour Relations Review, , vol. 1(1), pages 69-92, June.
    • Handle: RePEc:sae:ecolab:v:1:y:1990:i:1:p:69-92
    DOI: 10.1177/103530469000100104
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