As a country we should also be looking at other ways to get closer to full employment. One option is fiscal policy, including through spending on infrastructure. Another is structural policies that support firms expanding, investing, innovating and employing people.
Both of these options need to be kept in mind as the various arms of public policy seek to maximise the economic prosperity of the people of Australia. Thank you for listening. I would be happy to answer your questions. Endnotes [*]  I would like to thank Natasha Cassidy, Blair Chapman and Ewan Rankin for assistance in the preparation of this talk.