Australia: Background Material

International Monetary Fund

No 1995/029, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes the developments in the Australian labor market during the 1990s. In 1994, a number of new labor market programs were launched, directed especially at the long-term unemployed, and a further step was taken in the evolutionary reform of the industrial relations system. The paper reviews developments in employment, wages, and productivity in Australia that formed the background to these policy initiatives. It also examines the conduct of fiscal policy at the Commonwealth and consolidated government levels and describes the fiscal consolidation strategy announced by the Commonwealth government for 1994/95–1997/98.

Keywords: ISCR; CR; gross domestic product; enterprise; net financing requirement; trading enterprise company; Australia company profits; Australia investment income; Australia interest; Australia housing market development; company profits; Australia state government; Australia Commonwealth expenditure; net service; interest receipt; reserve bank of Australia; Income; Wages; Exports; Interest payments; East Asia; South Asia (search for similar items in EconPapers)
Pages: 78
Date: 1995-05-10
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