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Australia: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper on Australia highlights the IMF’s new Global Integrated Monetary and Fiscal Model (GIMF), which is used to examine the macroeconomic implications of alternative fiscal responses to higher revenue. Lower labor and capital income taxes, along with higher public investment, will generate the largest economic gains in the long term. The model shows that saving a portion of the additional revenue in the short term can help alleviate demand pressures and increase overall domestic savings.

Suggested Citation

  • International Monetary Fund, 2008. "Australia: Selected Issues," IMF Staff Country Reports 2008/311, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/311
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=22372
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    References listed on IDEAS

    as
    1. International Monetary Fund, 2007. "New Zealand: Selected Issues," IMF Staff Country Reports 2007/151, International Monetary Fund.
    2. Chris Ryan & Chris Thompson, 2007. "Risk and the Transformation of the Australian Financial System," RBA Annual Conference Volume (Discontinued), in: Christopher Kent & Jeremy Lawson (ed.),The Structure and Resilience of the Financial System, Reserve Bank of Australia.
    3. Luci Ellis, 2006. "Housing and Housing Finance: The View from Australia and Beyond," RBA Research Discussion Papers rdp2006-12, Reserve Bank of Australia.
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    Cited by:

    1. International Monetary Fund, 2009. "Australia: Selected Issues," IMF Staff Country Reports 2009/249, International Monetary Fund.
    2. Rodrigo Cubero & Mr. R. Brooks, 2009. "New Zealand Bank Vulnerabilities in International Perspective," IMF Working Papers 2009/224, International Monetary Fund.
    3. Rocco Huang & Mr. Lev Ratnovski, 2009. "Why Are Canadian Banks More Resilient?," IMF Working Papers 2009/152, International Monetary Fund.
    4. Elöd Takáts & Ms. Patrizia Tumbarello, 2009. "Australian Bank and Corporate Sector Vulnerabilities: An International Perspective," IMF Working Papers 2009/223, International Monetary Fund.

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