Australia: Selected Issues

International Monetary Fund

No 2011/301, IMF Staff Country Reports from International Monetary Fund

Abstract: This study relates Australian household saving more closely to movements in asset market using event study analysis and econometric analysis. In this study, the policy challenges for Australia from rebalancing in China, a temporary growth slowdown in China, and a recession in advanced countries are analyzed. The Globally Integrated Monetary and Fiscal Model (GIMF) is used for policy challenges. The impact of the mining boom on the Australian labor market is also discussed in this paper.

Keywords: ISCR; CR; Australia; net; commodity; asset; saving; benefits commodity importer; commodity export; export country; household saving; Labor participation rates; housing assets; worsening commodity balance; Housing; Terms of trade; Housing prices; Disposable income; Global; Australia and New Zealand; Europe; saving rate; search requirement; employment growth (search for similar items in EconPapers)
Pages: 41
Date: 2011-10-06
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Citations: View citations in EconPapers (3)

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