Date of this Version


Document Type

Discussion Paper

Publication Details

Jeffrey Carmichael (1990) Inflation in Australia: performance and policy in the 1980's

Paper prepared for a conference on the Australian economic experience of the 1980s, to be held at the Reserve Bank of Australia, 20-21 June 1990. I wish to thank Justin Myall for invaluable research assistance and other authors at this Conference for helpful comments and suggestions. Needless to say, none of these is responsible for the views expressed herein or for any remaining errors.

School of Business Discussion Paper ; No. 5, Aug. 1990

© Copyright J. Carmichael and the School of Business, Bond University



By most counts, Australia's overall economic performance in the 1980s was relatively successful. Following a brief recession in 1982/83, growth of output averaged around 4 percent, well above the OECD average. With the growth of output came growth in employment and a substantial fall in lhe rate of unemployment. This paper will also focus on Australia's experience with inflation