EconPapers    
Economics at your fingertips  
 

Quantifying “Dog Days”

Janine Dixon (), Peter Dixon, James Giesecke and Maureen Rimmer

Economic Papers, 2014, vol. 33, issue 3, 203-219

Abstract: type="main" xml:id="ecpa12080-abs-0001"> In Dog Days, Garnaut (2013) portrays Australia's immediate future as characterised by the end of the mining investment boom, declining terms of trade, a decline in labour input per head of population, slow multifactor productivity growth, fiscal consolidation and rising world interest rates. We quantify the consequences of these developments using a detailed general equilibrium model. Consistent with Garnaut, we find that wage and demand restraint will be required to steer Australia through the difficult period ahead. Public understanding of Dog Days will help move expectations to match current unfavourable conditions and thereby promote an orderly adjustment with minimum damage to employment and standards of living.

Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1111/ecpa.2014.33.issue-3 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Quantifying "Dog Days" (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:econpa:v:33:y:2014:i:3:p:203-219

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0812-0439

Access Statistics for this article

Economic Papers is currently edited by Rachel Ong

More articles in Economic Papers from The Economic Society of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2020-07-01
Handle: RePEc:bla:econpa:v:33:y:2014:i:3:p:203-219