Australia: Selected Issues
August 12, 2009
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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.
Subject: Banking, Capital adequacy requirements, Corporate sector, Economic sectors, Financial institutions, Financial regulation and supervision, Housing, Housing prices, Loans, Mortgages, Prices
Keywords: Australia, Australia and New Zealand, bank, Capital adequacy requirements, consumption expenditure, Corporate sector, CR, expenditure in GIMF, GIMF estimate, GIMF simulation, Global, house price, house-price valuation, Housing prices, ISCR, Loans, Mortgages, price
Pages:
36
Volume:
2009
DOI:
Issue:
249
Series:
Country Report No. 2009/249
Stock No:
1AUSEA2009002
ISBN:
9781451802214
ISSN:
1934-7685
