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Discussion of Australia's Prosperous 2000s: Housing and the Mining Boom

Richardson, Chris - Reserve Bank of Australia

Persistent link: https://www.econbiz.de/10009385675

Australia's Prosperous 2000s: Housing and the Mining Boom

Kearns, Jonathan; Lowe, Philip - Reserve Bank of Australia

Persistent link: https://www.econbiz.de/10009385678

Australia's Prosperous 2000s: Housing and the Mining Boom

Kearns, Jonathan; Lowe, Philip - Reserve Bank of Australia - 2011

The 2000s was a particularly eventful decade for both the international and Australian economies. There were: two recessions in many countries; the largest international financial crisis since the Great Depression; the ongoing rapid development of Asia; asset booms and busts; and, Australia...

Persistent link: https://www.econbiz.de/10009393020

Fiscal Policy and the Inflation Target

Tulip, Peter - Reserve Bank of Australia - 2014

and, hence, of the appropriate inflation target. To rectify this, I include countercyclical fiscal policy within a large …-scale model of the US economy. I find that fiscal activism can substitute for a high inflation target. An increase in the … inflation target is not warranted, despite increased volatility of macroeconomic shocks, so long as fiscal policy behaves as it …

Persistent link: https://www.econbiz.de/10010815237