{"title":"From debt to eternity","authors":"S. Davidson","doi":"10.22459/ag.28.01.2021.04","DOIUrl":null,"url":null,"abstract":"This paper documents the increase in Australian public debt since 2007-In that year, gross public debt had a face value of $55 billion, while net debt was negative- It is not surprising that governments have since resorted to public debt to respond to a series of shocks to the Australian economy. What is surprising is that Australian policymakers have abandoned the 'old-time fiscal religion'.","PeriodicalId":41700,"journal":{"name":"Agenda-A Journal of Policy Analysis and Reform","volume":" ","pages":""},"PeriodicalIF":0.1000,"publicationDate":"2021-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Agenda-A Journal of Policy Analysis and Reform","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.22459/ag.28.01.2021.04","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
This paper documents the increase in Australian public debt since 2007-In that year, gross public debt had a face value of $55 billion, while net debt was negative- It is not surprising that governments have since resorted to public debt to respond to a series of shocks to the Australian economy. What is surprising is that Australian policymakers have abandoned the 'old-time fiscal religion'.