This paper examines the fiscal implications of a significant rise in Australian labour force participation or labour productivity growth over the next forty years, relative to the projections in the Australian Government’s 2002-03 Intergenerational Report (IGR). The alternative, higher, labour...

This paper examines the evolution of Australian fiscal policy and the fiscal policy framework over the past quarter century. Following the early 1980s recession, a sustained fiscal consolidation saw the general government budget balance (for all levels of government) move from a deficit of 3 1/2...

This paper examines the output implications of a significant rise in Australian labour force participation over the next forty years. Using the projections in the Commonwealth Government’s 2002-03 Intergenerational Report as a benchmark, it generates alternative projections assuming that, for...

There has been a recent resurgence of interest in the concept of progress and how it is measured. This paper explores the role that concepts of wellbeing and sustainability play in informing a framework for public policy analysis with a particular focus on the Australian Treasury. Treasury's...