Engelbrecht, Hans-Jurgen; Loomes, Robin - In: New Zealand Economic Papers 36 (2002) 2, pp. 217-233
The Reserve Bank of New Zealand used a Monetary Conditions Index (MCI) as an operational target for monetary policy from June 1997 to March 1999. We report estimates for New Zealand and Australia obtained from a series of 10-week rolling regressions that examine the relationship between...