POLICY Magazine

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FEATURE: Does Australia Really Have a Current Account Problem?

John Pitchford | 06 June 1989
Australia's current account deficit consists very largely of additions to the private sector's foreign debt. John Pitchford argues that no good case has been made for government intervention to inhibit private debt-creation, and concludes that the government's present macroeconomic approach to reducing the deficit is not cost-effective.

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