Australia : Selected Issues

1AUSEA0012003 Image
Price:  $15.00

Release Date: © October, 2003
ISBN : 978-1-45180-199-6
Stock #: 1AUSEA0012003
English
Stock Status: On back-order

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Description

Property price inflation has accelerated during the last few years, propelled by low mortgage rates, poor returns from alternative investments, strong employment and immigration, and tax incentives. Strong housing demand has led to a substantial rise in housing prices. Most industrial countries face significant fiscal pressures over the longer term associated with population aging and rising health care costs. Significant uncertainty surrounds projections of future fiscal costs. One comprehensive way to take account of this uncertainty for formulating policy decisions is through stochastic simulation.




More publications in this series: IMF Staff Country Reports