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Australia's Future Fund: a future beyond the GFC

Citation

Eccleston, R, Australia's Future Fund: a future beyond the GFC, Journal of the Asia Pacific Economy, 17, (2) pp. 284-297. ISSN 1354-7860 (2012) [Refereed Article]


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Copyright Statement

Copyright 2012 Taylor & Francis

DOI: doi:10.1080/13547860.2012.668083

Abstract

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.

Item Details

Item Type:Refereed Article
Keywords:sovereign wealth funds, Future Fund, Australian budget and fiscal policy, resources boom
Research Division:Studies in Human Society
Research Group:Policy and Administration
Research Field:Public Policy
Objective Division:Law, Politics and Community Services
Objective Group:International Relations
Objective Field:International Political Economy (excl. International Trade)
Author:Eccleston, R (Professor Richard Eccleston)
ID Code:77511
Year Published:2012
Web of Science® Times Cited:1
Deposited By:Government
Deposited On:2012-04-24
Last Modified:2016-10-19
Downloads:4 View Download Statistics

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