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Exchange Rate Movements and the Australian Economy
Manalo, Josef; Perera, Dilhan; Rees, Daniel - Reserve Bank of Australia - 2014
We use a structural vector autoregression model to characterise the aggregate and industry effects of exchange rate movements on the Australian economy. We find that a temporary 10 per cent appreciation of the real exchange rate that is unrelated to the terms of trade or interest rate...
Persistent link: https://www.econbiz.de/10010928954
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Asymmetric Demography and Macroeconomic Interactions Across National Borders
Bryant, Ralph C - Reserve Bank of Australia
Persistent link: https://www.econbiz.de/10005423342
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Inflation Targeting and the Inflation Process: Some Lessons from an Open Economy
Debelle, Guy; Wilkinson, Jenny - Reserve Bank of Australia - 2002
In an open economy inflation-targeting framework, whether policy-makers should target aggregate or non-traded inflation depends on the structural relationships in the economy. This paper shows that in a small empirical model of the Australian economy, it makes little difference which measure is...
Persistent link: https://www.econbiz.de/10005423601
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The Impact of Monetary Policy on the Exchange Rate: A Study Using Intraday Data
Kearns, Jonathan; Manners, Phil - Reserve Bank of Australia - 2005
event study with carefully selected sample periods for four countries (Australia, Canada, New Zealand and the United Kingdom …
Persistent link: https://www.econbiz.de/10005423628
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A Structural Vector Autoregression Model of Monetary Policy in Australia
Brischetto, Andrea; Voss, Graham - Reserve Bank of Australia - 1999
This paper examines the effects of monetary policy in Australia using a small structural vector autoregression model … starting point to analyse monetary policy in Australia. Consistent with Kim and Roubini, we find no evidence of the price or … with both the existing SVAR literature and previous empirical work for Australia. We find that monetary policy shocks have …
Persistent link: https://www.econbiz.de/10005423662
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Discussion of 'Asymmetric Demography and Macroeconomic Interactions Across National Borders'
Duchâteau, Alain - Reserve Bank of Australia
Persistent link: https://www.econbiz.de/10005398573
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The Profitability of Speculators in Currency Futures Markets
Kearns, Jonathan; Manners, Phil - Reserve Bank of Australia - 2004
Using weekly data on the positions of different types of participants in currency futures markets we present evidence that suggests speculators are profitable. Across six currencies, speculators’ gross profits are seemingly positive in 60 per cent of weeks. The profits are significant even...
Persistent link: https://www.econbiz.de/10005398613
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The Origin of the Asian Financial Turmoil
Goldstein, Morris; Hawkins, John - Reserve Bank of Australia - 1998
In the second half of 1997 many Asian emerging economies suffered large declines in both their currency and equity markets. This Asian financial turmoil arose primarily from three interrelated sets of factors, namely: shortcomings in the financial sector at a time when global liquidity...
Persistent link: https://www.econbiz.de/10005398637
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Inflation Targeting and Exchange Rate Fluctuations in Australia
Ryan, Chris; Thompson, Christopher - Reserve Bank of Australia - 2000
transient effects on inflation could be counterproductive. Accordingly, we investigate whether the Reserve Bank of Australia …
Persistent link: https://www.econbiz.de/10005398639
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Devlopments in the Business of Banking
Joss, Robert - Reserve Bank of Australia
Persistent link: https://www.econbiz.de/10005423306