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The Real Structural Imbalance and Fiscal Stance in Australia during the Postwar Era
Author(s) -
Abbott Malcolm J.
Publication year - 1996
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/j.1467-8462.1996.tb00943.x
Subject(s) - keynesian economics , political science , political economy , economics , history
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 .