Australia: Selected Issues

September 23, 2008

Preview Citation

Format: Chicago

Australia: Selected Issues, (USA: International Monetary Fund, 2008) accessed November 24, 2024

Summary

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.

Subject: Banking, Commodities, Expenditure, Financial sector policy and analysis, Housing prices, Labor taxes, Prices, Stress testing, Taxes

Keywords: Bank, Banks' exposure, Boom in Australia, Commodity, Commodity firm, Consumption, CR, Fiscal policy rule, Global, Housing prices, Import price inflation, Inflation, ISCR, Labor taxes, Lending structure, Price, Reaction function, Soundness indicator, Stress testing

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/311
Stock No:

1AUSEA2008001
ISBN:

9781451802184
ISSN:

1934-7685

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