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This paper describes a fiscal database for Australia including measures of government spending, revenue, deficits, debt and various sub-aggregates as initially published and subsequently revised. The data vintages are collated from various sources and provide a comprehensive description of the...
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The paper describes how to measure the fiscal multiplier using budget statements on planned government spending in the current and following years alongside the data on actual outcomes. The multiplier effects can be decomposed to distinguish the effects of ‘policy reactions' versus ‘policy...
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This paper highlights the importance of accounting for the protracted time frame over which fiscal policy is implemented, and over which its e®ects are felt, when estimating fiscal multipliers. It distinguishes published government tax/spending plans from subsequent outcomes, and it exploits...
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