Sustainability and Stability? Australian Fiscal Policy in the Twentieth Century.

This paper examines data on Australian fiscal policy going back to federation to answer two questions. First, has the conduct of Australian fiscal policy been consistent with the government's intertemporal budget constraint? Second, have there been major structural changes in the conduct of Australian fiscal policy and if so, when did these changes occur? Copyright 2000 by Blackwell Publishers Ltd/University of Adelaide and Flinders University of South Australia