This analysis suggests that while some aspects of monetary policy in China are beginning to resemble those observed in advanced economies, convergence is neither likely nor even desired by the authorities, given China's institutional configuration and preferred model of economic development.

Most economic research seeks to reveal truths about economic relationships. This paper is different because it reflects on how those truths are revealed, focusing on a research strategy that is common in the data analysis stage. The paper introduces alternative strategies and shows that they can produce very different conclusions.

This paper introduces MARTIN – the Reserve Bank of Australia's current model of the Australian economy. MARTIN is an economy-wide model used to produce forecasts and conduct counterfactual scenario analysis.

This paper explores the relationship between owner-occupier mortgage debt and spending using detailed panel data on Australian households. It finds evidence consistent with a ‘debt overhang effect’ – households cut back on their spending when they have higher levels of outstanding mortgage debt.

This paper presents stylised facts about the historical Australian equity market, drawn from a new hand-collected unit record dataset on listed companies from 1917 to 1979.