Working Papers

‘Quiet Boom’ & ‘The Search for Stability’

Former Prime Ministerial economic adviser John Edwards’ Quiet Boom provides an account of the origins and consequences of the current unprecedented 16-year expansion of the Australian economy.  Former RBA Governor Ian Macfarlane’s The Search for Stability is an overview of the post-war history of macroeconomic stabilisation policy, with particular reference to Australia.  Both Edwards and Macfarlane have been intimately involved in macroeconomic policymaking.  Yet on the defining event of Australia’s recent economic history - the recession of the early 1990s - they provide very different accounts.  Of these two interpretations, Edwards’ is the more compelling.

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posted on 27 March 2007 by skirchner in Economics

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