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dc.contributor.authorMakin, Anthony J.
dc.contributor.editorNguyen, Tom
dc.date.accessioned2020-01-16T08:09:02Z
dc.date.available2020-01-16T08:09:02Z
dc.date.issued2010
dc.identifier.issn1837-7750
dc.identifier.otherRePEc:gri:epaper:economics:201008
dc.identifier.urihttp://hdl.handle.net/10072/390397
dc.description.abstractUsing recent national accounts data, this paper examines whether the extensive fiscal stimulus program implemented by the Australian government in 2008-09 countered the GFC-induced economic slowdown, as measured by variation in real GDP, especially during the critical December 2008 and March 2009 quarters. With reference to the expenditure measure of GDP, it reveals that a marked rise in net exports at this time, not fiscal stimulus, was primarily responsible for offsetting the fall in domestic private investment due to the GFC. Next, the paper contends that the Australian economy most likely experienced a relatively mild recession in 2008-09 by past standards when assessed with reference to a broader set of national income and employment indicators, as is standard practice for determining and dating recessions in the United States.
dc.format.extent17 pages
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane, Australia
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto17
dc.subject.keywordsE62 - Fiscal Policy
dc.subject.keywordsGFC
dc.subject.keywordsFiscal stimulus
dc.subject.keywordsGDP
dc.subject.keywordsRecession
dc.title2010-08: Did Fiscal Stimulus Counter Recession? Evidence from the National Accounts (Working paper)
dc.typeReport
dc.type.descriptionDiscussion Paper
gro.facultyGriffith Business School
gro.description.notepublicEconomics and Business Statistics
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2010
gro.hasfulltextFull Text
gro.griffith.authorMakin, Tony J.


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