Australia: Selected Issues
October 6, 2011
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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.
Subject: Disposable income, Housing, Housing prices, International trade, Labor, National accounts, Prices, Terms of trade
Keywords: asset, Australia, Australia and New Zealand, benefits commodity importer, commodity, commodity export, CR, Disposable income, employment growth, Europe, export country, Global, household saving, Housing, housing assets, Housing prices, ISCR, Labor participation rates, net, saving, saving rate, search requirement, Terms of trade, worsening commodity balance
Pages:
41
Volume:
2011
DOI:
Issue:
301
Series:
Country Report No. 2011/301
Stock No:
1AUSEA2011002
ISBN:
9781463921934
ISSN:
1934-7685
