Did Australia's Fiscal Stimulus Counter Recession?: Evidence from the National Accounts

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Title Did Australia's Fiscal Stimulus Counter Recession?: Evidence from the National Accounts
Author Makin, Anthony John
Journal Name Agenda
Editor William Coleman
Year Published 2010
Place of publication Australia
Publisher Australian National University
Abstract A close scrutiny of the pattern of aggregate expenditure recorded in the Australian national accounts reveals it was the behaviour of exports and imports, and not increased fiscal activity, that was primarily responsible for offsetting the fall in private investment due to the Global Financial Crisis. The examination of a broad set of national income and employment indicators suggests that the Australian economy most likely did not avoid a recession, even though it was a relatively mild one by past standards.
Peer Reviewed Yes
Published Yes
Publisher URI http://epress.anu.edu.au/titles/agenda.html
Copyright Statement Copyright remains with the author 2010 . This is the author-manuscript version of this paper. It is posted here with permission of the copyright owner for your personal use only. No further distribution permitted. For information about this journal please refer to the publisher's website or contact the author.
Volume 17
Issue Number 2
Page from 5
Page to 16
ISSN 1322-1833
Date Accessioned 2010-12-02
Date Available 2011-01-25T02:18:59Z
Language en_AU
Research Centre Griffith Asia Institute
Faculty Griffith Business School
Subject Macroeconomics (incl Monetary and Fiscal Theory)
URI http://hdl.handle.net/10072/35605
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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