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The effectiveness of fiscal policy in Australia - selected issues


  • Blair Comley

    (Treasury, Government of Australia)

  • Stephen Anthony

    (Treasury, Government of Australia)

  • Ben Ferguson

    (Treasury, Government of Australia)


This article is devoted to examining the appropriate use of fiscal policy in the presence of private savings and interest rate offsets. The authors measure these effects in the Australian context and consider the implications of their empirical findings for the conduct of macroeconomic policy for a small open economy. This is an abridged version of a paper presented to the Bank of Italy Fiscal Policy Workshop in Perugia, Italy on 21 March 2002.

Suggested Citation

  • Blair Comley & Stephen Anthony & Ben Ferguson, 2002. "The effectiveness of fiscal policy in Australia - selected issues," Economic Roundup, The Treasury, Australian Government, issue 3, pages 45-72, August.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2002_3_1

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    References listed on IDEAS

    1. David Gruen & Glenn Stevens, 2000. "Australian Macroeconomic Performances and Policies in the 1990s," RBA Annual Conference Volume,in: David Gruen & Sona Shrestha (ed.), The Australian Economy in the 1990s Reserve Bank of Australia.
    2. Tony Makin, 1990. "The Cad: Not Really The Villain In Australia'S Macroeconomic Melodrama," Economic Papers, The Economic Society of Australia, vol. 9(3), pages 77-84, September.
    3. William F. Sharpe, 1964. "Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk," Journal of Finance, American Finance Association, vol. 19(3), pages 425-442, September.
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    More about this item


    fiscal policy; macroeconomic policy;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy


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