Sunday, September 19, 2010
From an excellent new RBA paper Structural Change in the Australian Economy by Ellis Connolly and Christine Lewis.
Mining isn't much changing what we do:
But something is making the mining states more important:
The whole thing is excellent reading.
As is a magnificent paper on Interpreting Market Responses to Economic Data:
"It is interesting that the Australian equity market is more responsive to US inflation and employment news than to Australian employment news."
And a great primer on Economic Change in India.
They are all here.
. We're earning more without doing more - Reserve
. Reserve backs just about everyone else - stimulus stimulates
. Good for some. The Reserve Bank sees two Australias.