Footnotes

[1] Reserve Bank of Australia, Statement on Monetary Policy, February 2008, p. 55. The RBA's next Statement will be released on 9 May.

[2] Governor Glenn Stevens, House of Representatives Economics Committee Hansard, 4 April 2008, p. 34.

[3] Dr David Gruen, Additional Estimates Hansard, 20 February 2008, p. 64.

[4] Governor Glenn Stevens, House of Representatives Economics Committee Hansard, 4 April 2008, p. 34.

[5] Australian Workers' Union, Submission. 1, p. 3.

[6] International Monetary Fund, World Economic Outlook, April 2008, p. 2.

[7] Australian Bureau of Statistics, Retail Trade, February 2008, Cat no. 8501.0.

[8] The Age, 9 April 2008.

[9] Mr Bill Evans, interviewed on 7.30 Report, ABC, 16 April 2008.

[10] Governor Glenn Stevens, House of Representatives Standing Committee on Economics Hansard, 4 April 2008, pp 4–5.

[11] ACOSS, Submission 5, p. 3.

[12] House of Representatives Hansard, 14 February 2008.

[13] MYEFO, 2007-08, p. 8.

[14] Notably the family tax benefits.

[15] SDA, Submission 3, p. 8. Confusingly, they claim later on the same page that the number of affected workers is 1.9 million.

[16] SDA, Submission 3, p. 10.

[17] SDA, Submission 3, p. 7.

[18] Governor Glenn Stevens, House of Representatives Standing Committee on Economics Hansard, 4 April 2008, p. 4.

[19] ACOSS, Submission 5, p. 1.

[20] ACOSS, Submission 5, p. 2.

[21] Australian Workers' Union, Submission 1, p. 5.

[22] Additional Estimates, 20 February 2008, p. 64.

[23] Dr Nicholas Gruen, Australian Financial Review, 5 February 2008, p. 71.