The Government has announced its intention to support jobs, incomes, small business and investment which will provide welcome support to the economy. The combined effect of fiscal and monetary policy will help us navigate a difficult period for the Australian economy. They will also help ensure the Australian economy is well placed to bounce back quickly once the virus is contained.
Endnotes [*]  Thanks to Lachlan Dynan, David Lancaster and Mark Chambers for their comments and input. [1]  I will revisit the topic of investment at a later date. [2]  See https://www.rba.gov.au/speeches/2018/sp-dg-2018-12-06.html and https://www.rba.gov.au/speeches/2015/sp-ag-2015-09-16.html  © Reserve Bank of Australia, 2001–2020. All rights reserved.