Fiscal policy and unemployment in an open economy

这个项目旨在提高我们对商品价格变化影响的理解。在过去二十年中，澳大利亚经历了前所未有的商品价格波动。一国经济的财政状况和潜力取决于大宗商品价格变化是暂时的还是永久性的。该项目将揭示商品价格、各部门失业率和财政政策措施之间的经验规律。该项目将建立失业的结构模型，用以估计和评估商品价格冲击对失业和预算赤字的影响，并研究财政政策的最佳设计。该项目将有利于澳大利亚经济政策的实施。

This project aims to improve our understanding of the impact of commodity price changes. Over the past two decades, Australia has experienced unprecedented fluctuations in commodity prices. The fiscal position and potential of the economy depends on the extent to which commodity price changes are temporary or permanent. This project will uncover empirical regularities between commodity prices, unemployment across sectors and measures of fiscal policy. The project will build structural models of unemployment which will be estimated and used to assess implications for unemployment and budget deficits of commodity price shocks and to study the optimal design of fiscal policy. The project will benefit the conduct of economic policy in Australia.