Australia: Selected Issues

International Monetary Fund

No 2009/249, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; price; bank; Australia; house price; consumption expenditure; GIMF simulation; GIMF estimate; house-price valuation; expenditure in GIMF; Housing prices; Capital adequacy requirements; Mortgages; Corporate sector; Loans; Global; Australia and New Zealand (search for similar items in EconPapers)
Pages: 36
Date: 2009-08-12
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Citations: View citations in EconPapers (2)

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