Recent Publications

Portrait of Max Corden, by Peter Churcher (left).
Unveiled 13th August 2012 at the University of Melbourne. The portrait was commissioned by the Faculty of Business and Economics, and hangs now in a seminar room.

This page includes 18 published papers that Max Corden wrote after returning to Melbourne at the end of 2002. It also includes one paper (Harry Johnson’s View of the Scientific Enterprise) that he wrote and published before returning, and two papers that have not been published. All 21 papers are available in pdf format.

Macroeconomics, especially International

Those Current Account Imbalances. A sceptical View (2007) – PDF 249KB

The Asian Crisis. A Perspective after Ten Years (2007) – PDF 179KB

The Global Imbalances. What is the Problem? (2008) – PDF 183KB

The World Credit Crisis. Understanding it and what to do (2009) – PDF 240KB

China’s Exchange Rate Policy, its Current Account Surplus and the Global Imbalances (2009) – PDF 240KB

The Theory of the Fiscal Stimulus. How will a debt-financed Stimulus affect the Future (2010) – PDF 158KB

Ambulance Economics. The Pros and Cons of Fiscal Stimuli (2011) – PDF 191KB

Global Imbalances and the Paradox of Thrift (2012) – PDF 212KB

Australian Topics

40 million Aussies. The Immigration Debate Revisited (2003) – PDF 235KB

The Uncertain Future of Australian Universities (2005) – PDF 304KB

Australian Monetary Policy (Review of Book by Ian Macfarlane) (2007) – PDF 103KB

History of the Melbourne University Economics Department (Book Review) (2010) – PDF 105KB

Dutch Disease in Australia. Policy Options for a Three-Speed Economy (2012) – PDF 264KB

Max in Abbot-land (Budget 2014, Carbon Tax 2015)

Budget 2014 (read online) Carbon Tax 2015 (read online)
Download the PDF Download the PDF

These two short commentaries on important Australian issues appeared on the web in two places, namely The Conversation and Pearls and Irritations. Mr Abbott was fortunately replaced as leader of the Liberal Party, and hence as Prime Minister, in September 2015. Also, Mr Joe Hockey ceased to be Treasurer.