Sunday, September 19, 2010

The paradox of mining

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.

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