Australia : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

September 23, 2008

Electronic Access:

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Summary:

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.

Series:

Country Report No. 08/311

Subject:

English

Publication Date:

September 23, 2008

ISBN/ISSN:

9781451802184/1934-7685

Stock No:

1AUSEA2008001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

34

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