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Economic Activity and Fiscal Policy in Australia:A Survey and Critique

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  • J. W. NEVILE

Abstract

In 1979–80 the rate of inflation in Australia was greater than in the previous year and, despite the highest rate of growth of real non‐farm output for three years, the number unemployed was greater at the end of the year than at the beginning. This article reviews the current state of the economy and looks at the prospects for 1980–81. In the light of the apparent failure of macroeconomic policy that this review reveals, it discusses the basic strategy of policy, with particular reference to fiscal policy, and considers the extent to which it would be possible to improve the performance of the Australian economy with respect to unemployment and inflation by a change in macroeconomic policies.

Suggested Citation

  • J. W. Nevile, 1980. "Economic Activity and Fiscal Policy in Australia:A Survey and Critique," The Economic Record, The Economic Society of Australia, vol. 56(155), pages 301-315, December.
    • Handle: RePEc:bla:ecorec:v:56:y:1980:i:155:p:301-315
    DOI: 10.1111/j.1475-4932.1980.tb01684.x
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    Cited by:

    1. Nevile, J W, 1983. "The Role of Fiscal Policy in the Eighties," The Economic Record, The Economic Society of Australia, vol. 59(164), pages 1-15, March.
    2. A. Petridis, 1984. "Prospects for the Australian Economy in 1984," The Economic Record, The Economic Society of Australia, vol. 60(1), pages 1-15, March.
    3. Ernst A. Boehm & Vance L. Martin, 1989. "An Investigation into the Major Causes 01 Australia's Recent Inflation and Some Policy Implications," The Economic Record, The Economic Society of Australia, vol. 65(1), pages 1-15, March.
    4. J. W. Nevile, 1983. "The Role of Fiscal Policy in the Eighties," The Economic Record, The Economic Society of Australia, vol. 59(1), pages 1-15, March.
    5. Freebairn, John W., 1981. "Assessing Some Effects Of Inflation On The Agricultural Sector," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(2), pages 1-16, August.

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