Australia; Selected Issues

This Selected Issues paper on Australia highlights the IMFâ€™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.

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Year of publication:	2008-09-23
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Commodity prices \| Tax revenues \| Economic models \| Bank soundness \| Banking sector \| Government expenditures \| Labor taxes \| labor income \| public spending \| fiscal policy \| fiscal balance \| capital income \| investment spending \| private consumption \| fiscal model \| fiscal policy rule \| disposable income \| consumption spending \| tax cuts \| tax rates \| consumption tax \| fiscal response \| public investment spending \| aggregate demand \| tax cut \| government spending \| fiscal surplus \| consumption expenditure \| consumption taxes \| fiscal balances \| tax changes \| capital accumulation \| taxation \| tax reduction \| consumption increases \| government consumption expenditure \| public debt \| tax revenue \| foreign borrowing \| structural fiscal \| fiscal actions \| fiscal instrument \| investment demand \| income effect \| fiscal instruments

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 08/311 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244382