Cover IMF Staff Country Reports
Buy Book in Print
Australia: Selected Issues
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 311
Language:
English
Publication Date:
23 Sep 2008
DOI:
https://doi.org/10.5089/9781451802184.002
ISBN:
9781451802184
ISSN:
1934-7685
Pages:
34
Keywords:
ISCR; CR; price; bank; commodity; consumption; inflation; soundness indicator; boom in Australia; reaction function; fiscal policy rule; import price inflation; banks' exposure; lending structure; commodity firm; Housing prices; Labor taxes; Stress testing; Global
Download PDF (1.4 MB) Download Epub
This Selected Issues paper on Australia highlights the IMF’s new Global Integrated Monetary and Fiscal Model (GIMF), which is used to examine the macroeconomic implications of alternative fiscal responses to higher revenue. Lower labor and capital income taxes, along with higher public investment, will generate the largest economic gains in the long term. The model shows that saving a portion of the additional revenue in the short term can help alleviate demand pressures and increase overall domestic savings.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund