IMF Staff Country Reports

Australia: Selected Issues

Publication Date:

August 12, 2009

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2009/249

Subject:

Banking Capital adequacy requirements Corporate sector Economic sectors Financial institutions Financial regulation and supervision Housing Housing prices Loans Mortgages Prices