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Open ABS 6401.0 (CPI) which is an excel spreadsheet, then to get the yearly percentage change (corresponding quarter of previous year) click on series "Percentage Change from Corresponding Quarter of Previous Year ; All groups ; Australia ;" - A2325847F

impact = fiscal outcome relative to last year (i.e. fiscal stance), and direction (as well as likely future direction which is up) for the cash rate - and obvious impacts on the actual economy discuss the effectiveness = how successful have these policies been Fiscal policy - arguably...

because it affects the macro economy, but not necessarily any particular component of the economy. E.g. it would be like painting the mona lisa with a paint roller. Fiscal policy usually isn't considered blunt because it can target specific components of the economy and has some microeconomic...

really? wherebouts

1993 ;)

1993

Well no-one is a monetarist these days... But, they never denied the existence of a short term trade off, just the existence of a long term trade off. Central banks no longer attempt to control the money supply they use the short term money market as their transmission mechanism so we would...

get good at the basics ;)

grab some time series' and then read up on what the govt etc is doing, find the links and voila

I dont quite get what you mean... You are either looking for something that doesn't exist, or trying to rote learn every single economic relationship that could possibly exist

Well many of them are linked. Some positively, some negatively. For example: Unemployment is dependant on growth inflation can be affected by growth and unemployment (phillips curve) excessive growth affects the environment external instability limits sustainable economic growth...

To all those confused above.... Whether it is in surplus or deficit is not a determinant of fiscal stance. Fiscal stance refers to the intended effect that the budget is likely to have on aggregate demand. Subsequently, we are looking at a change in aggregate demand. In order to measure a...

Let me clear something up. Whether a budget is contractionary or expansionary is not determined by opinion, or anything like that. Its determined by the size of the fiscal balance (or underlying cash balance depending on which accounting system you choose to use) relative to the previous year...

Read free to choose by milton friedman, or try and think why communism isn't a good way to structure an economy

well it comes down to the short run / long run distinction that you draw. Keynesians are more concerned with output stabalisation which evens out the rate of economic growth which is a demand side thing. But economic growth is a long run thing. So a keynesians explanation for economic...

There are many times within the wealth of nations where he says something like this. Another more succinct quote: "By pursuing his own interest he frequently promotes that of society more effectually than when he really intends to promote it"

Well no.... People who would call themselves keynesians may be a little more soft when it comes to government intervention, but being a keynesian doesn't mean you are an interventionist. Essentially the key impact that keynes had was that he changed the way economists think about...

Ok well that article isn't very easily applied to the HSC course unfortunately. What is the exact question youve been given? I dont think its a very good assignment / exam because its links are limited. I think you really need more information.

Well the problem in your line of thinking is that when you look at external stability, you arent concerned with debt held domestically. Mortgages are primarily funded by domestic savings. There are some banks (particularly margin lenders) who will borrow some money from overseas as it is...

Well I suppose this depends on what you mean.... I would argue that keynes if he were alive today wouldn't be a keynesian.... Probably in the same way as I dont think that Marx would be a communist. The Austrian school essentially advocates for the free market. They argue for limited...