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Australia: Selected Issues

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  • International Monetary Fund

Abstract

This paper analyzes likely effectiveness of the fiscal policy in supporting aggregate demand in Australia. The simulation analysis illustrates that the type of fiscal measure and the underlying behavioral responses have an important impact on the magnitude of fiscal multipliers. The Global Integrated Monetary and Fiscal Model simulations also suggest that the cumulative impact after five years could be close to 10 percentage points of GDP for the announced stimulus measures that cumulate to almost 8 percentage points of GDP.

Suggested Citation

  • International Monetary Fund, 2009. "Australia: Selected Issues," IMF Staff Country Reports 2009/249, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/249
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    References listed on IDEAS

    as
    1. International Monetary Fund, 2008. "Australia: Selected Issues," IMF Staff Country Reports 2008/311, International Monetary Fund.
    2. Rocco Huang & Mr. Lev Ratnovski, 2009. "Why Are Canadian Banks More Resilient?," IMF Working Papers 2009/152, International Monetary Fund.
    3. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
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    Cited by:

    1. Mr. Shengzu Wang & Ms. Patrizia Tumbarello, 2010. "What Drives House Prices in Australia? A+L4584 Cross-Country Approach," IMF Working Papers 2010/291, International Monetary Fund.
    2. Mr. Luis M. Cubeddu & Mr. Camilo E Tovar Mora & Ms. Evridiki Tsounta, 2012. "Latin America: Vulnerabilities Under Construction?," IMF Working Papers 2012/193, International Monetary Fund.

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