International Economy
Analyses
The world economy, Murphy's law and Finagle's corollary
Over the second half of 2011, the world economy seemed to be sliding inexorably towards another major financial crisis. In the event, actions by an aggressive European Central…
Analyses
Global fiscal adjustment and trade rebalancing
The emergence of substantial fiscal deficits and a large build-up of government debt in major advanced economies will inevitably lead to a period of fiscal consolidation in coming…
Analyses
Chinese perspectives on investing in Australia
China is not only Australia's largest trading partner, but is also an increasingly important supplier of capital. In a Lowy Institute Analysis, John Larum draws on a…
Analyses
Global fiscal consolidation
One important outcome of the Great Recession has been the rapid accumulation of government debt in many of the world’s developed economies. This growing debt burden represents a…
Analyses
Into the Dragon’s den
While Chinese foreign investment into Australia has been the subject of a great deal of controversy, investment flows moving in the other direction have received much less…
Analyses
Making international development assistance work
Australia’s aid program has been in the news lately, with calls for a wider public debate on the role of overseas aid. But public debate is being shaped by starkly contradictory…
Policy Briefs
Confronting the Crisis of International Climate Policy
Copenhagen failed to produce an agreement on climate change commensurate with the scale of the problem, highlighting the fundamental weaknesses in the existing UN framework. …
Analyses
The evolving post-crisis world
In a new paper written as background for the current Asian Development Bank Economic Outlook, Dr Stephen Grenville notes that Asia has come through the Global Financial Crisis…
Policy Briefs
Capital flows, the carry trade and and in the wheels'
The 'carry trade', in which capital shifts from countries with low interest rates to countries with significantly higher rates, has become an important element of international…
Analyses
The global financial crisis: causes and consequences
This Working Paper, by Warwick McKibbin and Andrew Stoeckel, models the global financial crisis as a combination of shocks to global housing markets and sharp increases in risk…