{
  "title": "Australia: Selected Issues",
  "publication": "IMF Staff Country Reports, August 12, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/australia-selected-issues-23180",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Objective and methodology",
      "content": "- Analyzes the likely effectiveness of fiscal policy in supporting aggregate demand in Australia.\n- Uses simulation analysis, including the Global Integrated Monetary and Fiscal Model (GIMF), to evaluate fiscal measures and behavioral responses."
    },
    {
      "heading": "Key findings and quantitative results",
      "content": "- The type of fiscal measure and the underlying behavioral responses have an important impact on the magnitude of fiscal multipliers.\n- GIMF simulations suggest that the cumulative impact after five years could be close to 10 percentage points of GDP for the announced stimulus measures.\n- The announced stimulus measures cumulate to almost 8 percentage points of GDP."
    },
    {
      "heading": "Themes and subject coverage",
      "content": "- Banking\n- Capital adequacy requirements\n- Corporate sector\n- Economic sectors\n- Financial institutions\n- Financial regulation and supervision\n- Housing\n- Housing prices\n- Loans\n- Mortgages\n- Prices"
    },
    {
      "heading": "Keywords and technical terms preserved from the source",
      "content": "- Australia, Australia and New Zealand, bank\n- Capital adequacy requirements\n- consumption expenditure\n- Corporate sector\n- CR\n- expenditure in GIMF\n- GIMF estimate\n- GIMF simulation\n- Global\n- house price\n- house-price valuation\n- Housing prices\n- ISCR\n- Loans\n- Mortgages\n- price"
    },
    {
      "heading": "Publication metadata (from source)",
      "content": "- Date: August 12, 2009\n- Pages: 36\n- Volume: 2009\n- Issue: 249\n- Series: Country Report No. 2009/249\n- DOI: https://doi.org/10.5089/9781451802214.002\n- ISBN: 9781451802214\n- ISSN: 1934-7685\n- Format noted: IMF Staff Country Reports\n\nInternational Monetary Fund. \"Australia: Selected Issues\", IMF Staff Country Reports 2009, 249 (2009), accessed 9/13/2026.\n\n---\n\n Content in this bundle\n\n- Australia: Selected Issues; IMF Country Report 09/249; June 22, 2009\n  - Australia: Selected Issues; IMF Country Report 09/249; June 22, 2009 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Australia: Selected Issues; IMF Country Report 09/249; June 22, 2009 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: August 12, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451802214.002",
    "Analyzes the likely effectiveness of fiscal policy in supporting aggregate demand in Australia.",
    "Uses simulation analysis, including the Global Integrated Monetary and Fiscal Model (GIMF), to evaluate fiscal measures and behavioral responses.",
    "The type of fiscal measure and the underlying behavioral responses have an important impact on the magnitude of fiscal multipliers.",
    "GIMF simulations suggest that the cumulative impact after five years could be close to 10 percentage points of GDP for the announced stimulus measures.",
    "The announced stimulus measures cumulate to almost 8 percentage points of GDP.",
    "Australia, Australia and New Zealand, bank",
    "consumption expenditure",
    "CR",
    "expenditure in GIMF",
    "GIMF estimate",
    "GIMF simulation",
    "Global",
    "house price",
    "house-price valuation",
    "ISCR",
    "price",
    "Date: August 12, 2009",
    "Pages: 36",
    "Volume: 2009",
    "Issue: 249",
    "Series: Country Report No. 2009/249",
    "DOI: https://doi.org/10.5089/9781451802214.002",
    "ISBN: 9781451802214",
    "ISSN: 1934-7685",
    "Format noted: IMF Staff Country Reports",
    "**Australia: Selected Issues; IMF Country Report 09/249; June 22, 2009**"
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