Showing 1 - 10 of 144
Under the direction of the Asian Consultative Council of the BIS at its February 2019 meeting, the BIS Representative Office for Asia and the Pacific set up a Working Group of regional central banks to examine their policy frameworks, focusing on capital flows, exchange rates, and the joint use...
Persistent link: https://www.econbiz.de/10012517979
Persistent link: https://www.econbiz.de/10008499704
Persistent link: https://www.econbiz.de/10008499714
This paper examines the effects of monetary policy in Australia using a small structural vector autoregression model. The model we use is a modification of the small open economy model developed for the G6 economies (the G7 less the United States) by Kim and Roubini (1999). The success of the...
Persistent link: https://www.econbiz.de/10005423662
Persistent link: https://www.econbiz.de/10009385674
In an open economy inflation-targeting framework, whether policy-makers should target aggregate or non-traded inflation … inflation process that the paper suggests have occurred over the past two decades: the effect of exchange rate changes on … inflation appears to have become more muted and the inflation process appears to have become better anchored. …
Persistent link: https://www.econbiz.de/10005423601
This paper uses intraday data to estimate the effect of changes in monetary policy on the exchange rate. We use an event study with carefully selected sample periods for four countries (Australia, Canada, New Zealand and the United Kingdom) to ensure that the change in monetary policy is...
Persistent link: https://www.econbiz.de/10005423628
Persistent link: https://www.econbiz.de/10009551457