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Shared learnings: Indonesia's and Australia's current account balances

Author

Listed:
  • Blake Ford

    (Treasury, Government of Australia)

  • Luky Alfirman

    (Indonesian Ministry of Finance)

  • Ferry Irawan

    (Indonesian Ministry of Finance)

Abstract

This paper highlights how, through a long process of reforms, Australia has improved the stability of its external position while also running a persistent CAD. Indonesia can also continue to promote stability and economic growth more broadly through further structural reforms that would liberate it from short-term management of its CAD.

Suggested Citation

  • Blake Ford & Luky Alfirman & Ferry Irawan, 2015. "Shared learnings: Indonesia's and Australia's current account balances," Economic Roundup, The Treasury, Australian Government, issue 1, pages 1-17, June.
    • Handle: RePEc:tsy:journl:journl_tsy_er_2015_1_1
    as

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    File URL: http://www.treasury.gov.au/~/media/Treasury/Publications%20and%20Media/Publications/2015/Roundup%2001/Downloads/PDF/Roundup_01-2015_article2_Indonesia.ashx
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    References listed on IDEAS

    as
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    6. J. D. Pitchford, 1989. "Does Australia Really Have A Current Account Problem?," Economic Papers, The Economic Society of Australia, vol. 8(4), pages 25-32, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    current account; structural reform;

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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