Chile, the United States, Canada, Australia, New Zealand, and five European countries. Overall, Chile''s pass-through does …

interest rates to policy announcements—on the exchange rate in Australia, Canada, and New Zealand during the 1990s. The main … results are that (1) on average, a 100 basis point contractionary shock will appreciate the exchange rate by 2-3 percent on …

We assess the extent to which fiscal transfers smooth regional shocks in three large federations: the U.S., Canada, and … Australia. We find that fiscal transfers offset 4-11 percent of idiosyncratic shocks (risk-sharing) and 13-24 percent of …

Under a flexible inflation targeting regime, should policymakers avoid any reaction to movements in the foreign … exchange market? Using data for six advanced open economies explicitly targeting inflation, the paper examines empirically … monetary policy responses in inflation-targeting, open economies have changed significantly, as the institutional framework for …

, Canada, Germany, the United Kingdom, and the United States … fit for the Fisher relationship between interest rates and inflation, at least for U.S. data. The paper assesses the … merits of the regime-switching theory as an explanation for the apparent fluctuations in real interest rates in Australia …