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Christopher Kent

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Productivity growth: the effect of market regulations

This paper explores the effects of product and labour market regulation on growth in total factor productivity (TFP) using panel data from 1974–2003 for 18 OECD countries. Our regressions are specified so that labour and product market regulations can affect productivity both individually and in...
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Current account deficits: the Australian debate

This paper presents some empirical evidence consistent with optimal smoothing in the face of temporary shocks; the persistence of the deficit is attributed to a modest degree of impatience relative to the rest of the world. It is argued that the factors that have made...
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The changing nature of the business cycle

Papers presented at the Reserve Bank's 2005 Conference, which featured local and international speakers.