01531cas a2200241 a 4500 AALejournalIMF005389 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451802184 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Australia : Selected Issues. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (34 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper on Australia highlights the IMF's new Global Integrated Monetary and Fiscal Model (GIMF), which is used to examine the macroeconomic implications of alternative fiscal responses to higher revenue. Lower labor and capital income taxes, along with higher public investment, will generate the largest economic gains in the long term. The model shows that saving a portion of the additional revenue in the short term can help alleviate demand pressures and increase overall domestic savings. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/311 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/311/002.2008.issue-311-en.xml IMF e-Library