European Parliament Library

Australia :, 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Australia

The Article IV Consultation discusses that recently a commodity price boom, driven by robust global demand, has pushed the Australian economy up against capacity constraints. Banks are adjusting the structure of their funding in response to the turmoil, increasing liquidity, and lengthening the maturity of their funding. Executive Directors considered that the sound macroeconomic framework should permit Australia to weather the global downturn and contain inflationary pressures. They encouraged the authorities to take advantage of the positive macroeconomic performance to advance structural reforms
Table Of Contents
Cover; Contents; Executive Summary; I. The Economic Expansion and Commodity Price Boom; II. How to Reduce Inflation and Sustain Economic Performance?; A. Where is the Economy Heading?; B. Appropriate Macroeconomic Policy Settings; C. Dealing with the Global Financial Market Turmoil; D. Implementing Further Structural Reform; III. Staff Appraisal ; Tables; 1. Selected Economic Indicators, 2004-09; 2. Fiscal Accounts, 2004/05-2011/12; 3. Balance of Payments, 2004-09; 4. Balance of Payments in U.S. Dollars 2004-07; 5. Medium-Term Scenario, 2007-13
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (51 p.)
Specific Material Designation
Form Of Item

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