You should begin by looking at the two sets of Budget papers coinciding with the two stimulus interventions by the Government. Here you are focusing on what the policy consisted of how did the government increase spending; where did the new money go? You should also pay attention to the justification for the policy why did the government design the stimulus in the way that it did? In writing up your assignment you should provide a clear overview of the stimulus packages and their rationale. The two documents you should look at are: The mid-year economic outlook available at: https://archive.budget.gov.au/2008-09/myefo/MYEFO_2008_09.pdf The updated economic and fiscal outlook available at: https://archive.budget.gov.au/2008-09/uefo/Combined_UEFO.pdf The next part of the assignment is an evaluation. This is where you will need to go beyond the Budget papers and research more broadly. What criticisms have been made of the stimulus package? What alternatives were proposed at the time? You should also look for evidence of the effects of the stimulus. For example, both the Australian Treasury and some international bodies compared the effects of the Australian stimulus to packages in other countries. This can be a useful basis for evaluation because it gives you real world alternatives.
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