Labor’s stewardship of the Australian economy has caused, and coincided with, a series of significant changes that mean the Coalition will inherit a very different economy from the one it left in 2007 -- if it wins on Saturday.

Inflation is a key achievement on this front. Like most other governments of developed countries, the Howard government left an inflationary boom that compelled the Reserve Bank to lift rates into 2008, but ultimately it was the financial crisis, higher unemployment and the more cautious consumers it created that has seen quarterly CPI falling from an average of 0.7% in the last five years of the Howard government to 0.6% during Labor's term and 0.5% in the last two years. That's despite the introduction of the carbon price.