Research Paper No. 721

SUSTAINABILITY AND STABILITY? AUSTRALIAN FISCAL POLICY IN THE 20TH CENTURY

by

Nilss Olekalns

NOVEMBER 1999

Department of Economics. University of Melbourne. Parkville Victoria 3052 Australia
 
 

ABSTRACT

This paper examines data on Australian fiscal policy going back to federation to answer two question. First, has the conduct of Australian fiscal policy been consistent with the government's intertemporal budget constraint? Second, have there been major structural changes in the conduct of Australian fiscal policy and if so, when did these changes occur?
 
 

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