The Real Structural Imbalance and Fiscal Stance in Australia during the Postwar Era

"By using the concept of the constant employment budget balance and changes in real public debt it is possible to determine the size of Australian Government's real structural budget imbalances during the postwar era. In doing so it is possible to partially explain the short run fluctuations in economic activity and comment on the ability of the Federal Government to influence the level of economic activity". Copyright 1996 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.