File(s) under permanent embargo
Australia's Future Fund: a future beyond the GFC
Australia’s Future Fund (FF) was created in 2006 as a long-term savings fund designed to meet the Australian Government’s future public service pension liabilities. With the onset of the financial crisis, fewcommentators thought theAustralianGovernmentwould have the capacity or interest to continue investing in the FF. However, in the context of Australia’s rapid, commodity-driven recovery from the crisis there is a growing case that the FF should play a central role in a new fiscal policy framework designed to manage the risks associated with the current resources boom. The paper explores these arguments and the politics associated with implementing such a framework and in so doing highlights the political constraints associated with implementing SWFs in advanced democracies.
History
Publication title
Journal of the Asia Pacific EconomyVolume
17Pagination
284-297ISSN
1354-7860Department/School
School of Social SciencesPublisher
RoutledgePlace of publication
United KingdomRights statement
Copyright 2012 Taylor & FrancisRepository Status
- Restricted