The small Pacific Island Countries (PICs) face unique constraints which pose public financing challenges beyond those faced by other small island developing states. The PICs also face frequent natural disasters and climate-related impacts which have destructive effects on livelihoods and the...

Over the past 40 years, Australia has experienced significant changes to the proportion of the population that is attached to its labour market. From the early 1980s, the aggregate labour force participation rate rose steadily, climbing from around 60 per cent in 1983 to almost 66 per cent in...

IMF lending has risen sharply in the wake of the global financial crisis from the lows in the mid 2000s. Despite increasing recently, the number of new IMF financing arrangements has been relatively small, but the average size of these arrangements is high by historical standards. Much of the...

The small Pacific Island Countries (PICs) face unique constraints which pose public financing challenges beyond those faced by other small island developing states. The PICs also face frequent natural disasters and climate-related impacts which have destructive effects on livelihoods and the...

The Australian economy is constantly affected by technological, demand and policy shocks from home and abroad. The opportunities and challenges presented by these shocks create demand for government advice on the likely effects on households, firms and the Australian economy, and in turn...

To meet the needs of a broad set of internal and external stakeholders now and into the future the Australian Treasury maintains a significant macroeconomic modelling capability. Treasury's current inhouse capability is similar to that of the US Congressional Budget Office (CBO) and the Joint...

Over the past 40 years, Australia has experienced significant changes to the proportion of the population that is attached to its labour market. From the early 1980s, the aggregate labour force participation rate rose steadily, climbing from around 60 per cent in 1983 to almost 66 per cent in...

Labour mobility plays a role in allocating workers to suitable jobs and is important in helping the economy adjust to shocks and structural change. But there are also benefits from longer job tenure, and costs associated with workers changing jobs. This article presents some stylised facts about...

In the medium to long run, the growth of real income depends largely on productivity growth. Australia’s trend productivity growth declined noticeably in the 2000s compared with the period of strong growth in the 1990s. However, the effect of the decline in productivity growth on per capita...