Australia: Selected Issues
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. 2008/311
Subject:
Banking Commodities Expenditure Financial sector policy and analysis Housing prices Labor taxes Prices Stress testing Taxes
English
Publication Date:
September 23, 2008
ISBN/ISSN:
9781451802184/1934-7685
Stock No:
1AUSEA2008001
Pages:
34
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